Neuberger Berman High Yield Strategies Fund (NHS) To Go Ex-Dividend on July 15th

Neuberger Berman High Yield Strategies Fund (NYSEAMERICAN:NHS) declared a monthly dividend on Tuesday, June 30th. Investors 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 17.5%. The ex-dividend date is Wednesday, July 15th.

Neuberger Berman High Yield Strategies Fund Stock Down 0.3%

NHS opened at $6.22 on Thursday. The company has a fifty day simple moving average of $6.32 and a 200 day simple moving average of $6.89. Neuberger Berman High Yield Strategies Fund has a twelve month low of $6.06 and a twelve month high of $7.75.

Institutional Investors Weigh In On Neuberger Berman High Yield Strategies Fund

A number of hedge funds have recently bought and sold shares of NHS. Mercer Global Advisors Inc. ADV increased its holdings in Neuberger Berman High Yield Strategies Fund by 24.4% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 13,244 shares of the investment management company’s stock worth $99,000 after purchasing an additional 2,597 shares during the last quarter. Guggenheim Capital LLC boosted its stake in shares of Neuberger Berman High Yield Strategies Fund by 38.0% during the 4th quarter. Guggenheim Capital LLC now owns 567,943 shares of the investment management company’s stock valued at $4,225,000 after buying an additional 156,386 shares during the last quarter. Cetera Investment Advisers grew its position in shares of Neuberger Berman High Yield Strategies Fund by 232.1% during the fourth quarter. Cetera Investment Advisers now owns 36,883 shares of the investment management company’s stock worth $274,000 after buying an additional 25,777 shares in the last quarter. Osaic Holdings Inc. grew its position in shares of Neuberger Berman High Yield Strategies Fund by 86.2% during the fourth quarter. Osaic Holdings Inc. now owns 74,294 shares of the investment management company’s stock worth $553,000 after buying an additional 34,387 shares in the last quarter. Finally, Kestra Advisory Services LLC increased its stake in shares of Neuberger Berman High Yield Strategies Fund by 18.0% in the fourth quarter. Kestra Advisory Services LLC now owns 18,728 shares of the investment management company’s stock worth $139,000 after buying an additional 2,857 shares during the last quarter.

Neuberger Berman High Yield Strategies Fund Company Profile

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.