Neuberger Berman High Yield Strategies Fund (NYSEAMERICAN:NHS) Stock Price Crosses Above 50 Day Moving Average – Here’s Why

Neuberger Berman High Yield Strategies Fund (NYSEAMERICAN:NHS)’s stock price passed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $7.43 and traded as high as $7.65. Neuberger Berman High Yield Strategies Fund shares last traded at $7.64, with a volume of 126,402 shares trading hands.

Neuberger Berman High Yield Strategies Fund Stock Performance

The company’s fifty day moving average price is $7.43 and its two-hundred day moving average price is $7.42.

Neuberger Berman High Yield Strategies Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, February 27th. Investors of record on Tuesday, February 17th will be issued a dividend of $0.0905 per share. This represents a c) dividend on an annualized basis and a yield of 14.2%. The ex-dividend date of this dividend is Tuesday, February 17th.

Institutional Trading of Neuberger Berman High Yield Strategies Fund

Several large investors have recently made changes to their positions in the business. Mercer Global Advisors Inc. ADV bought a new stake in Neuberger Berman High Yield Strategies Fund during the 3rd quarter worth about $80,000. Total Wealth Planning & Management Inc. bought a new position in shares of Neuberger Berman High Yield Strategies Fund in the fourth quarter worth about $337,000. Harbour Investments Inc. lifted its position in shares of Neuberger Berman High Yield Strategies Fund by 3.7% during the fourth quarter. Harbour Investments Inc. now owns 109,642 shares of the investment management company’s stock worth $816,000 after purchasing an additional 3,930 shares in the last quarter. Integrity Advisory Solutions LLC acquired a new position in shares of Neuberger Berman High Yield Strategies Fund during the fourth quarter worth approximately $81,000. Finally, GraniteShares Advisors LLC bought a new stake in shares of Neuberger Berman High Yield Strategies Fund during the fourth quarter valued at approximately $2,832,000.

Neuberger Berman High Yield Strategies Fund Company Profile

The Neuberger Berman High Yield Strategies Fund (NYSE American: NHS) is a closed-end, fixed-income management investment company focused on delivering high current income with the potential for capital appreciation. The fund primarily invests in below-investment-grade corporate debt—often referred to as high-yield bonds—issued by U.S. and select non-U.S. issuers. Through a diversified portfolio of high-yield instruments, NHS aims to provide enhanced yield relative to investment-grade alternatives.

Under its investment policy, NHS allocates the majority of its assets to corporate securities spanning sectors such as communications, energy, consumer goods, and industrials.