Truist Financial Corp Invests $152,000 in Neuberger Berman High Yield Strategies Fund Inc. (NYSEAMERICAN:NHS)

Truist Financial Corp bought a new position in Neuberger Berman High Yield Strategies Fund Inc. (NYSEAMERICAN:NHS) in the 4th quarter, HoldingsChannel reports. The fund bought 20,265 shares of the investment management company’s stock, valued at approximately $152,000.

Several other hedge funds also recently made changes to their positions in NHS. Apollon Wealth Management LLC acquired a new position in shares of Neuberger Berman High Yield Strategies Fund in the 4th quarter worth approximately $109,000. MRA Advisory Group boosted its position in Neuberger Berman High Yield Strategies Fund by 16.1% during 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 during the period. SeaCrest Wealth Management LLC boosted its position in Neuberger Berman High Yield Strategies Fund by 5.3% during the 4th quarter. SeaCrest Wealth Management LLC now owns 44,281 shares of the investment management company’s stock valued at $332,000 after purchasing an additional 2,247 shares during the period. Finally, J.W. Cole Advisors Inc. boosted its position in Neuberger Berman High Yield Strategies Fund by 56.9% during the 4th quarter. J.W. Cole Advisors Inc. now owns 139,369 shares of the investment management company’s stock valued at $1,044,000 after purchasing an additional 50,519 shares during the period.

Neuberger Berman High Yield Strategies Fund Stock Down 0.1 %

NYSEAMERICAN:NHS opened at $7.89 on Friday. Neuberger Berman High Yield Strategies Fund Inc. has a 12-month low of $7.47 and a 12-month high of $8.67. The firm’s 50 day moving average is $7.57.

Neuberger Berman High Yield Strategies Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 17th will be given a dividend of $0.0905 per share. The ex-dividend date of this dividend is Monday, March 17th. This represents a $1.09 dividend on an annualized basis and a yield of 13.76%.

Neuberger Berman High Yield Strategies Fund Profile

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.