Neuberger Berman High Yield Strategies Fund (NHS) To Go Ex-Dividend on October 15th

Neuberger Berman High Yield Strategies Fund (NYSEAMERICAN:NHS) declared a monthly dividend on Tuesday, September 30th. Shareholders of record on Wednesday, October 15th will be given a dividend of 0.0905 per share by the investment management company on Friday, October 31st. This represents a c) annualized dividend and a yield of 14.6%. The ex-dividend date is Wednesday, October 15th.

Neuberger Berman High Yield Strategies Fund Stock Performance

Shares of Neuberger Berman High Yield Strategies Fund stock opened at $7.44 on Monday. The business has a 50-day moving average of $7.50 and a two-hundred day moving average of $7.49. Neuberger Berman High Yield Strategies Fund has a 1 year low of $6.62 and a 1 year high of $8.48.

Insiders Place Their Bets

In other news, Portfolio Manager Chris Kocinski bought 6,000 shares of the business’s stock in a transaction on Thursday, July 17th. The shares were purchased at an average price of $7.40 per share, for a total transaction of $44,400.00. Following the purchase, the portfolio manager owned 21,000 shares of the company’s stock, valued at approximately $155,400. The trade was a 40.00% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of NHS. Wealth Enhancement Advisory Services LLC bought a new stake in shares of Neuberger Berman High Yield Strategies Fund during the 4th quarter worth approximately $90,000. XTX Topco Ltd acquired a new position in Neuberger Berman High Yield Strategies Fund during the second quarter worth $113,000. AlphaCore Capital LLC acquired a new position in Neuberger Berman High Yield Strategies Fund during the first quarter worth $199,000. Apollon Wealth Management LLC raised its position in Neuberger Berman High Yield Strategies Fund by 100.1% during the second quarter. Apollon Wealth Management LLC now owns 29,082 shares of the investment management company’s stock worth $220,000 after acquiring an additional 14,547 shares in the last quarter. Finally, Osaic Holdings Inc. lifted its stake in Neuberger Berman High Yield Strategies Fund by 112.6% in the second quarter. Osaic Holdings Inc. now owns 30,819 shares of the investment management company’s stock valued at $234,000 after acquiring an additional 16,324 shares during the last quarter.

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.