Bank of America Corp DE Increases Stock Position in Neuberger Berman High Yield Strategies Fund (NYSEAMERICAN:NHS)

Bank of America Corp DE increased its position in shares of Neuberger Berman High Yield Strategies Fund (NYSEAMERICAN:NHS - Free Report) by 5,270.2% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 34,101 shares of the investment management company's stock after purchasing an additional 33,466 shares during the period. Bank of America Corp DE owned approximately 0.12% of Neuberger Berman High Yield Strategies Fund worth $255,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Landscape Capital Management L.L.C. purchased a new position in Neuberger Berman High Yield Strategies Fund during the fourth quarter worth about $77,000. Aristides Capital LLC purchased a new position in Neuberger Berman High Yield Strategies Fund in the fourth quarter valued at about $80,000. XTX Topco Ltd purchased a new position in Neuberger Berman High Yield Strategies Fund in the fourth quarter valued at about $88,000. Apollon Wealth Management LLC purchased a new position in Neuberger Berman High Yield Strategies Fund in the fourth quarter valued at about $109,000. Finally, Ameriprise Financial Inc. purchased a new position in Neuberger Berman High Yield Strategies Fund in the fourth quarter valued at about $115,000.

Insider Transactions at Neuberger Berman High Yield Strategies Fund

In other news, Portfolio Manager Chris Kocinski bought 15,000 shares of the firm's stock in a transaction that occurred on Thursday, May 29th. The shares were purchased at an average price of $7.44 per share, for a total transaction of $111,600.00. Following the completion of the transaction, the portfolio manager now owns 15,000 shares in the company, valued at $111,600. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Neuberger Berman High Yield Strategies Fund Stock Performance

Neuberger Berman High Yield Strategies Fund stock remained flat at $7.56 during mid-day trading on Wednesday. 170,462 shares of the company's stock were exchanged, compared to its average volume of 157,123. Neuberger Berman High Yield Strategies Fund has a 12 month low of $6.62 and a 12 month high of $8.67. The business's 50-day simple moving average is $7.51 and its 200-day simple moving average is $7.57.

Neuberger Berman High Yield Strategies Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Monday, June 30th. Stockholders of record on Monday, June 16th will be paid a dividend of $0.0905 per share. The ex-dividend date of this dividend is Monday, June 16th. This represents a $1.09 dividend on an annualized basis and a dividend yield of 14.37%.

About Neuberger Berman High Yield Strategies Fund

Neuberger Berman High Yield Strategies Fund Inc is a closed-ended fixed income mutual fund launched by Neuberger Berman LLC. The fund is managed by Neuberger Berman Investment Advisers LLC. It invests in fixed income markets across the globe. The fund typically invests in high yield debt securities of various sectors, such as auto parts and equipment, airlines, automotive, electronics, health services, packaging, telecom-integrated/services, gaming, and gas distribution.