Neuberger Berman High Yield Strategies Fund Inc. (NYSEAMERICAN:NHS) Stock Holdings Increased by Bank of America Corp DE

Bank of America Corp DE boosted its holdings in shares of Neuberger Berman High Yield Strategies Fund Inc. (NYSEAMERICAN:NHS - Free Report) by 5,270.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund 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 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Apollon Wealth Management LLC purchased a new stake in shares of Neuberger Berman High Yield Strategies Fund during the fourth quarter valued at $109,000. J.W. Cole Advisors Inc. raised its holdings in Neuberger Berman High Yield Strategies Fund by 56.9% during the 4th quarter. J.W. Cole Advisors Inc. now owns 139,369 shares of the investment management company's stock worth $1,044,000 after buying an additional 50,519 shares during the period. Truist Financial Corp purchased a new stake in Neuberger Berman High Yield Strategies Fund during the fourth quarter valued at about $152,000. Robinson Capital Management LLC purchased a new stake in Neuberger Berman High Yield Strategies Fund during the fourth quarter valued at about $187,000. Finally, Wolverine Asset Management LLC acquired a new position in shares of Neuberger Berman High Yield Strategies Fund in the fourth quarter worth about $362,000.

Neuberger Berman High Yield Strategies Fund Stock Performance

NHS opened at $7.71 on Friday. Neuberger Berman High Yield Strategies Fund Inc. has a 12-month low of $6.62 and a 12-month high of $8.67. The stock has a fifty day moving average of $7.48 and a 200-day moving average of $7.58.

Neuberger Berman High Yield Strategies Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Monday, June 30th. Shareholders of record on Monday, June 16th will be paid a $0.0905 dividend. This represents a $1.09 dividend on an annualized basis and a yield of 14.09%. The ex-dividend date is Monday, June 16th.

Insider Activity

In other Neuberger Berman High Yield Strategies Fund news, Portfolio Manager Chris Kocinski purchased 15,000 shares of the company's stock in a transaction that occurred on Thursday, May 29th. The shares were acquired at an average price of $7.44 per share, for a total transaction of $111,600.00. Following the purchase, the portfolio manager now owns 15,000 shares in the company, valued at approximately $111,600. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link.

Neuberger Berman High Yield Strategies Fund Profile

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.

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