Neuberger Berman High Yield Strategies Fund (NHS) To Go Ex-Dividend on April 7th

Neuberger Berman High Yield Strategies Fund (NYSEAMERICAN:NHS) announced a monthly dividend on Thursday, March 12th. Shareholders of record on Tuesday, April 7th will be given a dividend of 0.0905 per share by the investment management company on Thursday, April 30th. This represents a c) annualized dividend and a yield of 15.6%. The ex-dividend date of this dividend is Tuesday, April 7th.

Neuberger Berman High Yield Strategies Fund Trading Down 3.7%

Shares of Neuberger Berman High Yield Strategies Fund stock opened at $6.96 on Friday. The business’s fifty day simple moving average is $7.52 and its 200 day simple moving average is $7.44. Neuberger Berman High Yield Strategies Fund has a 12 month low of $6.62 and a 12 month high of $7.80.

Hedge Funds Weigh In On Neuberger Berman High Yield Strategies Fund

A number of hedge funds and other institutional investors have recently made changes to their positions in NHS. MRA Advisory Group grew its position in Neuberger Berman High Yield Strategies Fund by 10.9% during the third quarter. MRA Advisory Group now owns 17,261 shares of the investment management company’s stock valued at $129,000 after buying an additional 1,693 shares during the period. Mercer Global Advisors Inc. ADV raised its position in Neuberger Berman High Yield Strategies Fund by 24.4% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 13,244 shares of the investment management company’s stock worth $99,000 after acquiring an additional 2,597 shares during the period. Kestra Advisory Services LLC boosted its stake in 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 valued at $139,000 after acquiring an additional 2,857 shares during the last quarter. Equitable Holdings Inc. boosted its stake in Neuberger Berman High Yield Strategies Fund by 7.3% in the third quarter. Equitable Holdings Inc. now owns 49,343 shares of the investment management company’s stock valued at $370,000 after acquiring an additional 3,343 shares during the last quarter. Finally, Harbour Investments Inc. grew its position in shares of Neuberger Berman High Yield Strategies Fund by 3.7% during the 4th quarter. Harbour Investments Inc. now owns 109,642 shares of the investment management company’s stock valued at $816,000 after acquiring an additional 3,930 shares during the period.

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.