Neuberger Berman High Yield Strategies Fund (NYSEAMERICAN:NHS – Get Free Report) declared a monthly dividend on Wednesday, September 30th. Shareholders of record on Thursday, October 15th will be given a dividend of $0.0905 per share by the investment management company on Friday, October 30th. This represents a $1.09 annualized dividend and a yield of 20.0%. The ex-dividend date of this dividend is Thursday, October 15th.
Neuberger Berman High Yield Strategies Fund Stock Performance
Shares of NHS opened at $5.42 on Thursday. The stock’s 50-day moving average price is $5.88 and its two-hundred day moving average price is $6.20. Neuberger Berman High Yield Strategies Fund has a 1 year low of $5.37 and a 1 year high of $7.75.
Institutional Trading of Neuberger Berman High Yield Strategies Fund
Several hedge funds have recently added to or reduced their stakes in NHS. Rivernorth Capital Management LLC increased its holdings in shares of Neuberger Berman High Yield Strategies Fund by 2,185.7% in the second quarter. Rivernorth Capital Management LLC now owns 1,371,413 shares of the investment management company’s stock worth $8,558,000 after acquiring an additional 1,311,413 shares in the last quarter. Cable Car Capital LP bought a new position in Neuberger Berman High Yield Strategies Fund in the second quarter valued at approximately $1,455,000. Total Wealth Planning & Management Inc. bought a new stake in shares of Neuberger Berman High Yield Strategies Fund during the fourth quarter worth $337,000. Readystate Asset Management LP acquired a new stake in shares of Neuberger Berman High Yield Strategies Fund during the second quarter worth $325,000. Finally, Equitable Holdings Inc. acquired a new position in Neuberger Berman High Yield Strategies Fund in the 2nd quarter worth $287,000.
Neuberger Berman High Yield Strategies Fund Company Profile
Neuberger Berman High Yield Strategies Fund is a closed-end investment fund listed on the NYSE American under the symbol NHS. The fund is managed by Neuberger Berman, an independent investment management firm, and is designed to provide investors with exposure to the high-yield, or below-investment-grade, fixed-income market.
The fund invests primarily in high-yield corporate debt securities, commonly known as “junk bonds,” and may also invest in other income-producing debt instruments.
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