Neuberger Berman High Yield Strategies Fund (NYSEAMERICAN:NHS) Stock Passes Above 50 Day Moving Average - Here's Why

Neuberger Berman High Yield Strategies Fund (NYSEAMERICAN:NHS - Get Free Report) crossed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $7.53 and traded as high as $7.55. Neuberger Berman High Yield Strategies Fund shares last traded at $7.38, with a volume of 335,569 shares trading hands.

Neuberger Berman High Yield Strategies Fund Stock Performance

The firm's 50 day simple moving average is $7.53 and its 200-day simple moving average is $7.56.

Neuberger Berman High Yield Strategies Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, June 30th. Investors of record on Monday, June 16th will be given a dividend of $0.0905 per share. This represents a $1.09 annualized dividend and a yield of 14.46%. The ex-dividend date is Monday, June 16th.

Insider Buying and Selling

In other news, Portfolio Manager Chris Kocinski bought 15,000 shares of the company's stock in a transaction on Thursday, May 29th. The shares were bought at an average cost of $7.44 per share, with a total value of $111,600.00. Following the transaction, the portfolio manager now directly owns 15,000 shares in the company, valued at approximately $111,600. This trade represents a ∞ increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Institutional Investors Weigh In On Neuberger Berman High Yield Strategies Fund

Several institutional investors and hedge funds have recently modified their holdings of the business. Shaker Financial Services LLC bought a new stake in Neuberger Berman High Yield Strategies Fund during the fourth quarter valued at about $1,082,000. Invesco Ltd. lifted its holdings in shares of Neuberger Berman High Yield Strategies Fund by 35.5% during the fourth quarter. Invesco Ltd. now owns 244,739 shares of the investment management company's stock worth $1,833,000 after buying an additional 64,119 shares during the last quarter. J.W. Cole Advisors Inc. boosted its position in shares of Neuberger Berman High Yield Strategies Fund by 43.5% in the first quarter. J.W. Cole Advisors Inc. now owns 199,955 shares of the investment management company's stock valued at $1,528,000 after acquiring an additional 60,586 shares during the period. Raymond James Financial Inc. acquired a new stake in shares of Neuberger Berman High Yield Strategies Fund in the fourth quarter worth $375,000. Finally, Total Wealth Planning & Management Inc. bought a new position in shares of Neuberger Berman High Yield Strategies Fund during the 1st quarter worth about $313,000.

Neuberger Berman High Yield Strategies Fund Company 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.