Neuberger Berman High Yield Strategies Fund (NYSEAMERICAN:NHS) Stock Price Crosses Above 50 Day Moving Average – Time to Sell?

Neuberger Berman High Yield Strategies Fund (NYSEAMERICAN:NHS)’s stock price crossed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $7.43 and traded as high as $7.65. Neuberger Berman High Yield Strategies Fund shares last traded at $7.64, with a volume of 126,402 shares traded.

Neuberger Berman High Yield Strategies Fund Price Performance

The company’s 50 day moving average is $7.43 and its two-hundred day moving average is $7.42.

Neuberger Berman High Yield Strategies Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Friday, February 27th. Shareholders of record on Tuesday, February 17th will be given a $0.0905 dividend. The ex-dividend date is Tuesday, February 17th. This represents a c) dividend on an annualized basis and a dividend yield of 14.2%.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. MRA Advisory Group lifted its position in Neuberger Berman High Yield Strategies Fund by 10.9% in the third quarter. MRA Advisory Group now owns 17,261 shares of the investment management company’s stock worth $129,000 after purchasing an additional 1,693 shares during the period. Mercer Global Advisors Inc. ADV lifted its holdings in shares of Neuberger Berman High Yield Strategies Fund by 24.4% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 13,244 shares of the investment management company’s stock worth $99,000 after acquiring an additional 2,597 shares during the period. Kestra Advisory Services LLC boosted its position in shares of Neuberger Berman High Yield Strategies Fund by 18.0% during the 4th quarter. Kestra Advisory Services LLC now owns 18,728 shares of the investment management company’s stock valued at $139,000 after acquiring an additional 2,857 shares in the last quarter. Equitable Holdings Inc. increased its stake in Neuberger Berman High Yield Strategies Fund by 7.3% in the third quarter. Equitable Holdings Inc. now owns 49,343 shares of the investment management company’s stock valued at $370,000 after acquiring an additional 3,343 shares during the period. Finally, Harbour Investments Inc. raised its position in Neuberger Berman High Yield Strategies Fund by 3.7% in the fourth quarter. Harbour Investments Inc. now owns 109,642 shares of the investment management company’s stock worth $816,000 after purchasing an additional 3,930 shares in the last quarter.

About Neuberger Berman High Yield Strategies Fund

The Neuberger Berman High Yield Strategies Fund (NYSE American: NHS) is a closed-end, fixed-income management investment company focused on delivering high current income with the potential for capital appreciation. The fund primarily invests in below-investment-grade corporate debt—often referred to as high-yield bonds—issued by U.S. and select non-U.S. issuers. Through a diversified portfolio of high-yield instruments, NHS aims to provide enhanced yield relative to investment-grade alternatives.

Under its investment policy, NHS allocates the majority of its assets to corporate securities spanning sectors such as communications, energy, consumer goods, and industrials.