Neuberger Berman High Yield Strategies Fund (NYSEAMERICAN:NHS – Get Free Report) declared a monthly dividend on Tuesday, June 30th. Shareholders of record on Wednesday, July 15th will be given a dividend of 0.0905 per share by the investment management company on Friday, July 31st. This represents a c) annualized dividend and a yield of 17.4%. The ex-dividend date of this dividend is Wednesday, July 15th.
Neuberger Berman High Yield Strategies Fund Price Performance
Shares of NYSEAMERICAN:NHS opened at $6.24 on Wednesday. Neuberger Berman High Yield Strategies Fund has a 52 week low of $6.06 and a 52 week high of $7.75. The company’s 50 day moving average is $6.32 and its two-hundred day moving average is $6.90.
Institutional Trading of Neuberger Berman High Yield Strategies Fund
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Mercer Global Advisors Inc. ADV purchased a new stake in Neuberger Berman High Yield Strategies Fund during the 3rd quarter worth about $80,000. Integrity Advisory Solutions LLC purchased a new position in shares of Neuberger Berman High Yield Strategies Fund in the 4th quarter valued at about $81,000. XTX Topco Ltd acquired a new stake in shares of Neuberger Berman High Yield Strategies Fund during the 2nd quarter worth about $113,000. Kestra Advisory Services LLC raised its position in shares of Neuberger Berman High Yield Strategies Fund by 18.0% during the 4th quarter. Kestra Advisory Services LLC now owns 18,728 shares of the investment management company’s stock worth $139,000 after acquiring an additional 2,857 shares in the last quarter. Finally, Osaic Holdings Inc. lifted its stake in Neuberger Berman High Yield Strategies Fund by 112.6% during the second quarter. Osaic Holdings Inc. now owns 30,819 shares of the investment management company’s stock worth $234,000 after purchasing an additional 16,324 shares during the last quarter.
About Neuberger Berman High Yield Strategies Fund
The Neuberger Berman High Yield Strategies Fund (NYSE American: NHS) is a closed-end, fixed-income management investment company focused on delivering high current income with the potential for capital appreciation. The fund primarily invests in below-investment-grade corporate debt—often referred to as high-yield bonds—issued by U.S. and select non-U.S. issuers. Through a diversified portfolio of high-yield instruments, NHS aims to provide enhanced yield relative to investment-grade alternatives.
Under its investment policy, NHS allocates the majority of its assets to corporate securities spanning sectors such as communications, energy, consumer goods, and industrials.
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