Neuberger Berman High Yield Strategies Fund (NYSEAMERICAN:NHS) Stock Crosses Below Two Hundred Day Moving Average - Should You Sell?

Key Points

• The Neuberger Berman High Yield Strategies Fund's stock price fell below its 200-day moving average of $7.53, trading as low as $7.35 and closing at $7.42.
• Recently, the fund announced a monthly dividend of $0.0905 per share, providing an annualized yield of 14.6% for shareholders.
• Several institutional investors have increased their holdings in the fund, including Ameriprise Financial, which acquired a new position valued at $115,000.

Neuberger Berman High Yield Strategies Fund (NYSEAMERICAN:NHS - Get Free Report)'s share price passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $7.53 and traded as low as $7.35. Neuberger Berman High Yield Strategies Fund shares last traded at $7.42, with a volume of 195,760 shares.

Neuberger Berman High Yield Strategies Fund Trading Up 0.3%

The business's fifty day moving average is $7.51 and its 200 day moving average is $7.52.

Neuberger Berman High Yield Strategies Fund Announces Dividend

The company also recently declared a monthly dividend, which was paid on Thursday, July 31st. Stockholders of record on Tuesday, July 15th were issued a dividend of $0.0905 per share. This represents a c) dividend on an annualized basis and a dividend yield of 14.6%. The ex-dividend date of this dividend was Tuesday, July 15th.

Insider Transactions at Neuberger Berman High Yield Strategies Fund

In related news, Portfolio Manager Chris Kocinski bought 15,000 shares of the business's stock in a transaction that occurred on Thursday, May 29th. The shares were acquired at an average cost of $7.44 per share, with a total value of $111,600.00. Following the completion of the purchase, the portfolio manager directly owned 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 legal filing with the SEC, which can be accessed through this hyperlink.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in NHS. Wells Fargo & Company MN increased its holdings in Neuberger Berman High Yield Strategies Fund by 1.9% in the 4th quarter. Wells Fargo & Company MN now owns 204,481 shares of the investment management company's stock worth $1,532,000 after acquiring an additional 3,719 shares in the last quarter. Invesco Ltd. lifted its position in shares of Neuberger Berman High Yield Strategies Fund by 2.3% during the first quarter. Invesco Ltd. now owns 250,268 shares of the investment management company's stock worth $1,912,000 after purchasing an additional 5,529 shares during the last quarter. Harbour Investments Inc. raised its holdings in shares of Neuberger Berman High Yield Strategies Fund by 12.5% in the first quarter. Harbour Investments Inc. now owns 78,920 shares of the investment management company's stock valued at $603,000 after acquiring an additional 8,784 shares in the last quarter. Landscape Capital Management L.L.C. bought a new stake in shares of Neuberger Berman High Yield Strategies Fund in the fourth quarter valued at about $77,000. Finally, XTX Topco Ltd bought a new position in Neuberger Berman High Yield Strategies Fund in the fourth quarter worth about $88,000.

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.