Neuberger Berman High Yield Strategies Fund (NYSEAMERICAN:NHS) Shares Pass Below Two Hundred Day Moving Average - Time to Sell?

Neuberger Berman High Yield Strategies Fund (NYSEAMERICAN:NHS - Get Free Report) passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $7.54 and traded as low as $7.37. Neuberger Berman High Yield Strategies Fund shares last traded at $7.42, with a volume of 170,541 shares trading hands.

Neuberger Berman High Yield Strategies Fund Stock Performance

The company has a 50 day moving average of $7.54 and a two-hundred day moving average of $7.54.

Neuberger Berman High Yield Strategies Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Tuesday, July 15th will be issued a $0.0905 dividend. The ex-dividend date of this dividend is Tuesday, July 15th. This represents a $1.09 dividend on an annualized basis and a dividend yield of 14.64%.

Insiders Place Their Bets

In other Neuberger Berman High Yield Strategies Fund news, Portfolio Manager Chris Kocinski acquired 15,000 shares of Neuberger Berman High Yield Strategies Fund stock in a transaction dated Thursday, May 29th. The stock was bought at an average price of $7.44 per share, for a total transaction of $111,600.00. Following the transaction, the portfolio manager owned 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 document filed with the SEC, which is available through this hyperlink.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Kingstone Capital Partners Texas LLC acquired a new position in shares of Neuberger Berman High Yield Strategies Fund during the second quarter valued at about $199,796,000. Shaker Financial Services LLC bought a new position in shares of Neuberger Berman High Yield Strategies Fund in the fourth quarter worth approximately $1,082,000. Invesco Ltd. raised its stake 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 acquiring an additional 64,119 shares in the last quarter. J.W. Cole Advisors Inc. grew its holdings in Neuberger Berman High Yield Strategies Fund by 43.5% in the 1st quarter. J.W. Cole Advisors Inc. now owns 199,955 shares of the investment management company's stock worth $1,528,000 after acquiring an additional 60,586 shares during the last quarter. Finally, Raymond James Financial Inc. purchased a new stake in shares of Neuberger Berman High Yield Strategies Fund in the 4th quarter worth about $375,000.

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.

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