Neuberger Berman High Yield Strategies Fund (NYSEAMERICAN:NHS) Share Price Passes Above Fifty Day Moving Average - Time to Sell?

Neuberger Berman High Yield Strategies Fund (NYSEAMERICAN:NHS - Get Free Report) crossed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $7.55 and traded as high as $7.63. Neuberger Berman High Yield Strategies Fund shares last traded at $7.60, with a volume of 183,609 shares changing hands.

Neuberger Berman High Yield Strategies Fund Trading Down 0.1%

The firm's 50-day moving average price is $7.55 and its 200 day moving average price is $7.55.

Neuberger Berman High Yield Strategies Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Tuesday, July 15th will be issued a dividend of $0.0905 per share. This represents a $1.09 dividend on an annualized basis and a yield of 14.33%. The ex-dividend date of this dividend is Tuesday, July 15th.

Insider Activity at Neuberger Berman High Yield Strategies Fund

In other news, Portfolio Manager Chris Kocinski bought 15,000 shares of the 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 completion of the acquisition, the portfolio manager directly owned 15,000 shares in the company, valued at approximately $111,600. This trade represents a ∞ increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Wells Fargo & Company MN increased its stake in shares of 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 worth $1,532,000 after purchasing an additional 3,719 shares during the last quarter. Invesco Ltd. grew its holdings in 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 valued at $1,912,000 after purchasing an additional 5,529 shares during the period. Harbour Investments Inc. increased its position in 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 worth $603,000 after buying an additional 8,784 shares during 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 $77,000. Finally, Aristides Capital LLC bought a new stake in shares of Neuberger Berman High Yield Strategies Fund in the fourth quarter valued at $80,000.

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.