Neuberger Berman High Yield Strategies Fund (NYSEAMERICAN:NHS - Get Free Report)'s share price crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $7.53 and traded as low as $7.47. Neuberger Berman High Yield Strategies Fund shares last traded at $7.50, with a volume of 136,471 shares traded.
Neuberger Berman High Yield Strategies Fund Trading Up 0.3%
The company has a 50-day moving average of $7.46 and a 200 day moving average of $7.52.
Neuberger Berman High Yield Strategies Fund Dividend Announcement
The firm also recently declared a monthly dividend, which will be paid on Tuesday, September 30th. Investors of record on Monday, September 15th will be issued a dividend of $0.0905 per share. This represents a c) dividend on an annualized basis and a yield of 14.5%. The ex-dividend date of this dividend is Monday, September 15th.
Insiders Place Their Bets
In other Neuberger Berman High Yield Strategies Fund news, Portfolio Manager Chris Kocinski purchased 6,000 shares of the company's stock in a transaction that occurred on Thursday, July 17th. The stock was purchased at an average cost of $7.40 per share, with a total value of $44,400.00. Following the acquisition, the portfolio manager directly owned 21,000 shares of the company's stock, valued at approximately $155,400. This trade represents a 40.00% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link.
Institutional Investors Weigh In On Neuberger Berman High Yield Strategies Fund
Institutional investors have recently made changes to their positions in the stock. Ameriprise Financial Inc. acquired a new stake in shares of Neuberger Berman High Yield Strategies Fund during the fourth quarter worth $115,000. Bank of America Corp DE grew its stake in Neuberger Berman High Yield Strategies Fund by 5,270.2% in the fourth quarter. Bank of America Corp DE now owns 34,101 shares of the investment management company's stock valued at $255,000 after acquiring an additional 33,466 shares during the period. Raymond James Financial Inc. acquired a new position in Neuberger Berman High Yield Strategies Fund in the fourth quarter valued at about $375,000. Ground Swell Capital LLC acquired a new position in Neuberger Berman High Yield Strategies Fund in the fourth quarter valued at about $117,000. Finally, Apollon Wealth Management LLC grew its stake in Neuberger Berman High Yield Strategies Fund by 100.1% in the second quarter. Apollon Wealth Management LLC now owns 29,082 shares of the investment management company's stock valued at $220,000 after acquiring an additional 14,547 shares during the period.
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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