Raymond James Financial Inc. Buys Shares of 50,025 Neuberger Berman High Yield Strategies Fund Inc. (NYSEAMERICAN:NHS)

Raymond James Financial Inc. acquired a new stake in Neuberger Berman High Yield Strategies Fund Inc. (NYSEAMERICAN:NHS - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 50,025 shares of the investment management company's stock, valued at approximately $375,000. Raymond James Financial Inc. owned approximately 0.18% of Neuberger Berman High Yield Strategies Fund at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of NHS. Landscape Capital Management L.L.C. acquired a new position in shares of Neuberger Berman High Yield Strategies Fund in the fourth quarter valued at approximately $77,000. Aristides Capital LLC acquired a new position in shares of Neuberger Berman High Yield Strategies Fund during the 4th quarter valued at $80,000. Apollon Wealth Management LLC purchased a new stake in shares of Neuberger Berman High Yield Strategies Fund in the fourth quarter worth about $109,000. MRA Advisory Group raised its stake in shares of Neuberger Berman High Yield Strategies Fund by 16.1% during the fourth quarter. MRA Advisory Group now owns 14,624 shares of the investment management company's stock valued at $110,000 after purchasing an additional 2,030 shares during the period. Finally, Truist Financial Corp acquired a new position in shares of Neuberger Berman High Yield Strategies Fund in the fourth quarter worth about $152,000.

Neuberger Berman High Yield Strategies Fund Stock Performance

NHS stock traded up $0.02 during midday trading on Tuesday, reaching $7.68. The company had a trading volume of 95,401 shares, compared to its average volume of 147,273. Neuberger Berman High Yield Strategies Fund Inc. has a fifty-two week low of $6.62 and a fifty-two week high of $8.67. The stock has a 50 day moving average price of $7.52 and a 200 day moving average price of $7.61.

Neuberger Berman High Yield Strategies Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, May 30th. Investors of record on Thursday, May 15th will be issued a $0.0905 dividend. This represents a $1.09 dividend on an annualized basis and a yield of 14.14%. The ex-dividend date of this dividend is Thursday, May 15th.

Neuberger Berman High Yield Strategies Fund 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.