Neuberger Berman High Yield Strategies Fund (NYSEAMERICAN:NHS) Share Price Passes Above Fifty Day Moving Average – Time to Sell?

Neuberger Berman High Yield Strategies Fund Inc. (NYSEAMERICAN:NHS) shares passed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $0.00 and traded as high as $7.76. Neuberger Berman High Yield Strategies Fund shares last traded at $7.72, with a volume of 349,790 shares trading hands.

Neuberger Berman High Yield Strategies Fund Stock Up 0.1 %

Neuberger Berman High Yield Strategies Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, February 28th. Stockholders of record on Tuesday, February 18th will be issued a dividend of $0.0905 per share. This represents a $1.09 dividend on an annualized basis and a dividend yield of 14.07%. The ex-dividend date of this dividend is Tuesday, February 18th.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in NHS. J.W. Cole Advisors Inc. lifted its position in Neuberger Berman High Yield Strategies Fund by 56.9% during the fourth quarter. J.W. Cole Advisors Inc. now owns 139,369 shares of the investment management company’s stock worth $1,044,000 after purchasing an additional 50,519 shares during the period. Harbour Investments Inc. lifted its holdings in shares of Neuberger Berman High Yield Strategies Fund by 16.6% during the 4th quarter. Harbour Investments Inc. now owns 70,136 shares of the investment management company’s stock worth $525,000 after acquiring an additional 9,973 shares during the period. Raymond James Financial Inc. bought a new stake in shares of Neuberger Berman High Yield Strategies Fund during the 4th quarter worth approximately $375,000. Wolverine Asset Management LLC acquired a new stake in shares of Neuberger Berman High Yield Strategies Fund during the 4th quarter worth approximately $362,000. Finally, SeaCrest Wealth Management LLC increased its stake in Neuberger Berman High Yield Strategies Fund by 5.3% in the fourth quarter. SeaCrest Wealth Management LLC now owns 44,281 shares of the investment management company’s stock valued at $332,000 after acquiring an additional 2,247 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.