BNY Mellon High Yield Strategies Fund (NYSE:DHF - Get Free Report)'s share price passed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $2.53 and traded as high as $2.59. BNY Mellon High Yield Strategies Fund shares last traded at $2.58, with a volume of 406,555 shares trading hands.
BNY Mellon High Yield Strategies Fund Price Performance
The firm has a 50-day moving average price of $2.53 and a 200 day moving average price of $2.53.
BNY Mellon High Yield Strategies Fund Announces Dividend
The company also recently announced a monthly dividend, which will be paid on Thursday, July 24th. Stockholders of record on Thursday, July 10th will be given a $0.0175 dividend. This represents a $0.21 annualized dividend and a dividend yield of 8.16%. The ex-dividend date of this dividend is Thursday, July 10th.
Hedge Funds Weigh In On BNY Mellon High Yield Strategies Fund
Several institutional investors and hedge funds have recently made changes to their positions in the company. Cetera Investment Advisers grew its position in shares of BNY Mellon High Yield Strategies Fund by 2.4% in the first quarter. Cetera Investment Advisers now owns 186,398 shares of the investment management company's stock valued at $475,000 after purchasing an additional 4,283 shares during the last quarter. Envestnet Asset Management Inc. grew its position in BNY Mellon High Yield Strategies Fund by 1.4% during the fourth quarter. Envestnet Asset Management Inc. now owns 439,598 shares of the investment management company's stock worth $1,121,000 after buying an additional 6,210 shares in the last quarter. Geneos Wealth Management Inc. grew its position in BNY Mellon High Yield Strategies Fund by 493.9% during the first quarter. Geneos Wealth Management Inc. now owns 10,025 shares of the investment management company's stock worth $26,000 after buying an additional 8,337 shares in the last quarter. Focus Partners Wealth acquired a new stake in BNY Mellon High Yield Strategies Fund during the fourth quarter worth approximately $28,000. Finally, CW Advisors LLC acquired a new stake in BNY Mellon High Yield Strategies Fund during the first quarter worth approximately $33,000. Institutional investors and hedge funds own 36.16% of the company's stock.
BNY Mellon High Yield Strategies Fund Company Profile
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BNY Mellon High Yield Strategies Fund is a closed ended fixed income mutual fund launched and managed by BNY Mellon Investment Adviser, Inc The fund invests in the fixed income markets of the United States. It primarily invests in fixed income securities of below investment grade quality, including securities of companies at early stages of development and companies with a highly leveraged financial structure.
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