Wolverine Asset Management LLC Acquires New Stake in Neuberger Berman High Yield Strategies Fund Inc. (NYSEAMERICAN:NHS)

Wolverine Asset Management LLC bought a new position in Neuberger Berman High Yield Strategies Fund Inc. (NYSEAMERICAN:NHS) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 48,290 shares of the investment management company’s stock, valued at approximately $362,000. Wolverine Asset Management LLC owned 0.17% of Neuberger Berman High Yield Strategies Fund as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in NHS. Apollon Wealth Management LLC bought a new position in Neuberger Berman High Yield Strategies Fund in the fourth quarter worth approximately $109,000. MRA Advisory Group raised its holdings 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 valued at $110,000 after purchasing an additional 2,030 shares in the last quarter. Truist Financial Corp purchased a new stake in Neuberger Berman High Yield Strategies Fund during the fourth quarter worth $152,000. Robinson Capital Management LLC purchased a new position in Neuberger Berman High Yield Strategies Fund in the fourth quarter valued at about $187,000. Finally, SeaCrest Wealth Management LLC boosted its stake in Neuberger Berman High Yield Strategies Fund by 5.3% in the fourth quarter. SeaCrest Wealth Management LLC now owns 44,281 shares of the investment management company’s stock valued at $332,000 after acquiring an additional 2,247 shares in the last quarter.

Neuberger Berman High Yield Strategies Fund Price Performance

NHS stock opened at $7.79 on Monday. Neuberger Berman High Yield Strategies Fund Inc. has a 52 week low of $7.47 and a 52 week high of $8.67.

Neuberger Berman High Yield Strategies Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Friday, February 28th. Shareholders of record on Tuesday, February 18th will be given a dividend of $0.0905 per share. The ex-dividend date is Tuesday, February 18th. This represents a $1.09 dividend on an annualized basis and a yield of 13.94%.

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.