Harbour Investments Inc. Increases Stock Position in Neuberger Berman High Yield Strategies Fund Inc. (NYSEAMERICAN:NHS)

Harbour Investments Inc. lifted its holdings in shares of Neuberger Berman High Yield Strategies Fund Inc. (NYSEAMERICAN:NHS) by 16.6% in the fourth quarter, HoldingsChannel reports. The firm owned 70,136 shares of the investment management company’s stock after acquiring an additional 9,973 shares during the period. Harbour Investments Inc.’s holdings in Neuberger Berman High Yield Strategies Fund were worth $525,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. MRA Advisory Group lifted its holdings in Neuberger Berman High Yield Strategies Fund by 16.1% in the 4th 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 in the last quarter. SeaCrest Wealth Management LLC lifted its stake in shares of Neuberger Berman High Yield Strategies Fund by 5.3% during the fourth quarter. SeaCrest Wealth Management LLC now owns 44,281 shares of the investment management company’s stock valued at $332,000 after buying an additional 2,247 shares during the period. Apollon Wealth Management LLC acquired a new stake in Neuberger Berman High Yield Strategies Fund during the fourth quarter worth approximately $109,000. Truist Financial Corp purchased a new stake in Neuberger Berman High Yield Strategies Fund in the 4th quarter worth approximately $152,000. Finally, Robinson Capital Management LLC acquired a new position in Neuberger Berman High Yield Strategies Fund in the 4th quarter valued at $187,000.

Neuberger Berman High Yield Strategies Fund Stock Performance

NHS stock opened at $7.66 on Friday. Neuberger Berman High Yield Strategies Fund Inc. has a 52-week low of $7.47 and a 52-week high of $8.67. The business’s fifty day simple moving average is $7.62.

Neuberger Berman High Yield Strategies Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 17th will be paid a $0.0905 dividend. This represents a $1.09 dividend on an annualized basis and a yield of 14.18%. The ex-dividend date is Monday, March 17th.

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.