Neuberger Berman High Yield Strategies Fund (NYSEAMERICAN:NHS) Shares Pass Below Two Hundred Day Moving Average – Here’s What Happened

Neuberger Berman High Yield Strategies Fund (NYSEAMERICAN:NHS)’s stock price crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $6.79 and traded as low as $6.11. Neuberger Berman High Yield Strategies Fund shares last traded at $6.12, with a volume of 68,514 shares trading hands.

Neuberger Berman High Yield Strategies Fund Trading Down 1.6%

The firm’s 50-day moving average price is $6.24 and its two-hundred day moving average price is $6.78.

Neuberger Berman High Yield Strategies Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, July 31st. Stockholders of record on Wednesday, July 15th will be paid a $0.0905 dividend. The ex-dividend date of this dividend is Wednesday, July 15th. This represents a c) annualized dividend and a dividend yield of 18.1%.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in NHS. Mercer Global Advisors Inc. ADV increased its holdings in Neuberger Berman High Yield Strategies Fund by 24.4% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 13,244 shares of the investment management company’s stock valued at $99,000 after purchasing an additional 2,597 shares during the last quarter. Kestra Advisory Services LLC lifted its stake in Neuberger Berman High Yield Strategies Fund by 18.0% during the fourth quarter. Kestra Advisory Services LLC now owns 18,728 shares of the investment management company’s stock worth $139,000 after purchasing an additional 2,857 shares in the last quarter. Equitable Holdings Inc. lifted its stake in Neuberger Berman High Yield Strategies Fund by 7.3% during the third quarter. Equitable Holdings Inc. now owns 49,343 shares of the investment management company’s stock worth $370,000 after purchasing an additional 3,343 shares in the last quarter. Harbour Investments Inc. boosted its position in shares of Neuberger Berman High Yield Strategies Fund by 3.7% during the fourth quarter. Harbour Investments Inc. now owns 109,642 shares of the investment management company’s stock worth $816,000 after buying an additional 3,930 shares during the period. Finally, SeaCrest Wealth Management LLC boosted its position in shares of Neuberger Berman High Yield Strategies Fund by 14.0% during the third quarter. SeaCrest Wealth Management LLC now owns 42,369 shares of the investment management company’s stock worth $322,000 after buying an additional 5,219 shares during the period.

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.