Wells Fargo & Company MN Grows Holdings in Neuberger Berman High Yield Strategies Fund Inc. (NYSEAMERICAN:NHS)

Wells Fargo & Company MN increased its position in shares of Neuberger Berman High Yield Strategies Fund Inc. (NYSEAMERICAN:NHS) by 1.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 204,481 shares of the investment management company’s stock after buying an additional 3,719 shares during the period. Wells Fargo & Company MN owned about 0.74% of Neuberger Berman High Yield Strategies Fund worth $1,532,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Landscape Capital Management L.L.C. purchased a new stake in Neuberger Berman High Yield Strategies Fund during the 4th quarter worth $77,000. Apollon Wealth Management LLC bought a new stake in shares of Neuberger Berman High Yield Strategies Fund in the 4th quarter worth about $109,000. MRA Advisory Group increased its position in shares of 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 worth $110,000 after purchasing an additional 2,030 shares during the last quarter. Truist Financial Corp bought a new stake in shares of Neuberger Berman High Yield Strategies Fund in the 4th quarter worth about $152,000. Finally, Robinson Capital Management LLC bought a new stake in shares of Neuberger Berman High Yield Strategies Fund in the 4th quarter worth about $187,000.

Neuberger Berman High Yield Strategies Fund Price Performance

NHS opened at $7.50 on Monday. The company has a 50-day moving average of $7.55 and a 200-day moving average of $7.61. Neuberger Berman High Yield Strategies Fund Inc. has a 1-year low of $6.62 and a 1-year high of $8.67.

Neuberger Berman High Yield Strategies Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Tuesday, April 15th will be given a $0.0905 dividend. This represents a $1.09 annualized dividend and a dividend yield of 14.48%. The ex-dividend date of this dividend is Tuesday, April 15th.

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.