Neuberger Berman High Yield Strategies Fund (NYSEAMERICAN:NHS - Get Free Report)'s stock price crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred 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 changing hands.
Neuberger Berman High Yield Strategies Fund Trading Down 0.1%
The firm has a fifty day moving average of $7.53 and a 200-day moving average of $7.54.
Neuberger Berman High Yield Strategies Fund Dividend Announcement
The company also recently announced a monthly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Tuesday, July 15th will be given a $0.0905 dividend. This represents a $1.09 annualized dividend and a dividend yield of 14.68%. The ex-dividend date is Tuesday, July 15th.
Insider Activity at Neuberger Berman High Yield Strategies Fund
In related news, Portfolio Manager Chris Kocinski acquired 15,000 shares of the stock in a transaction 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 purchase, the portfolio manager directly owned 15,000 shares in the company, valued at approximately $111,600. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink.
Institutional Inflows and Outflows
Large investors have recently bought and sold shares of the stock. Raymond James Financial Inc. bought a new stake in Neuberger Berman High Yield Strategies Fund in the 4th quarter valued at about $375,000. Landscape Capital Management L.L.C. bought a new stake in Neuberger Berman High Yield Strategies Fund during the 4th quarter valued at $77,000. Wells Fargo & Company MN raised its holdings in Neuberger Berman High Yield Strategies Fund by 1.9% during the 4th quarter. Wells Fargo & Company MN now owns 204,481 shares of the investment management company's stock valued at $1,532,000 after acquiring an additional 3,719 shares during the period. Aristides Capital LLC bought a new position in shares of Neuberger Berman High Yield Strategies Fund in the fourth quarter worth $80,000. Finally, Invesco Ltd. grew its position in Neuberger Berman High Yield Strategies Fund by 35.5% in 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.
About Neuberger Berman High Yield Strategies Fund
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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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