Truist Financial Corp Buys New Position in Neuberger Berman High Yield Strategies Fund Inc. (NYSEAMERICAN:NHS)

Truist Financial Corp bought a new stake in shares of Neuberger Berman High Yield Strategies Fund Inc. (NYSEAMERICAN:NHS) during the 4th quarter, according to its most recent filing with the SEC. The firm bought 20,265 shares of the investment management company’s stock, valued at approximately $152,000. Truist Financial Corp owned 0.07% of Neuberger Berman High Yield Strategies Fund as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of NHS. Apollon Wealth Management LLC purchased a new stake in shares of Neuberger Berman High Yield Strategies Fund during the 4th quarter valued at about $109,000. MRA Advisory Group increased its holdings 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 worth $110,000 after purchasing an additional 2,030 shares during the last quarter. SeaCrest Wealth Management LLC increased its holdings 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 worth $332,000 after purchasing an additional 2,247 shares during the last quarter. Finally, J.W. Cole Advisors Inc. increased its holdings 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 worth $1,044,000 after purchasing an additional 50,519 shares during the last quarter.

Neuberger Berman High Yield Strategies Fund Trading Down 0.1 %

NHS stock opened at $7.89 on Friday. Neuberger Berman High Yield Strategies Fund Inc. has a 52-week low of $7.47 and a 52-week high of $8.67. The business’s 50 day simple moving average is $7.57.

Neuberger Berman High Yield Strategies Fund Announces Dividend

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

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.