Neuberger Berman High Yield Strategies Fund (NYSEAMERICAN:NHS) Stock Price Passes Above Two Hundred Day Moving Average – Should You Sell?

Neuberger Berman High Yield Strategies Fund Inc. (NYSEAMERICAN:NHS) shares crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $0.00 and traded as high as $7.67. Neuberger Berman High Yield Strategies Fund shares last traded at $7.67, with a volume of 244,652 shares changing hands.

Neuberger Berman High Yield Strategies Fund Stock Performance

Neuberger Berman High Yield Strategies Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, January 31st. Investors of record on Wednesday, January 15th will be paid a dividend of $0.0905 per share. The ex-dividend date of this dividend is Wednesday, January 15th. This represents a $1.09 annualized dividend and a yield of 14.27%.

Institutional Investors Weigh In On Neuberger Berman High Yield Strategies Fund

A number of institutional investors have recently added to or reduced their stakes in NHS. MRA Advisory Group acquired a new stake in Neuberger Berman High Yield Strategies Fund during the third quarter valued at approximately $109,000. B. Riley Wealth Advisors Inc. boosted its holdings in Neuberger Berman High Yield Strategies Fund by 20.5% during the second quarter. B. Riley Wealth Advisors Inc. now owns 14,871 shares of the investment management company’s stock valued at $116,000 after purchasing an additional 2,534 shares in the last quarter. J.W. Cole Advisors Inc. acquired a new stake in Neuberger Berman High Yield Strategies Fund during the second quarter valued at approximately $224,000. PFG Investments LLC boosted its holdings in shares of Neuberger Berman High Yield Strategies Fund by 34.1% in the 3rd quarter. PFG Investments LLC now owns 39,541 shares of the investment management company’s stock worth $343,000 after acquiring an additional 10,044 shares in the last quarter. Finally, SeaCrest Wealth Management LLC boosted its holdings in shares of Neuberger Berman High Yield Strategies Fund by 17.8% in the 3rd quarter. SeaCrest Wealth Management LLC now owns 42,034 shares of the investment management company’s stock worth $364,000 after acquiring an additional 6,346 shares in the last quarter.

Neuberger Berman High Yield Strategies Fund Company 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.