Neuberger Berman High Yield Strateges Fd (NYSEAMERICAN:NHS) Major Shareholder Saba Capital Management, L.P. Purchases 5,352 Shares

Neuberger Berman High Yield Strateges Fd (NYSEAMERICAN:NHS) major shareholder Saba Capital Management, L.P. purchased 5,352 shares of the stock in a transaction that occurred on Tuesday, March 24th. The stock was acquired at an average cost of $8.14 per share, with a total value of $43,565.28. Major shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

Saba Capital Management, L.P. also recently made the following trade(s):

  • On Friday, March 20th, Saba Capital Management, L.P. acquired 103,068 shares of Neuberger Berman High Yield Strateges Fd stock. The stock was purchased at an average cost of $7.11 per share, with a total value of $732,813.48.
  • On Tuesday, March 17th, Saba Capital Management, L.P. acquired 30,593 shares of Neuberger Berman High Yield Strateges Fd stock. The stock was purchased at an average cost of $7.32 per share, with a total value of $223,940.76.
  • On Tuesday, March 3rd, Saba Capital Management, L.P. acquired 139,219 shares of Neuberger Berman High Yield Strateges Fd stock. The stock was purchased at an average cost of $11.99 per share, with a total value of $1,669,235.81.

NYSEAMERICAN NHS traded up $0.33 during trading on Thursday, hitting $8.55. The stock had a trading volume of 6,586 shares, compared to its average volume of 96,907. Neuberger Berman High Yield Strateges Fd has a one year low of $6.59 and a one year high of $12.80.

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Monday, March 16th will be paid a $0.0905 dividend. This represents a $1.09 annualized dividend and a yield of 12.70%. The ex-dividend date is Friday, March 13th.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. AEGON USA Investment Management LLC bought a new stake in Neuberger Berman High Yield Strateges Fd in the fourth quarter worth about $3,174,000. Guggenheim Capital LLC increased its position in shares of Neuberger Berman High Yield Strateges Fd by 30.0% during the fourth quarter. Guggenheim Capital LLC now owns 247,649 shares of the investment management company’s stock worth $3,059,000 after acquiring an additional 57,086 shares during the period. Baird Financial Group Inc. increased its position in shares of Neuberger Berman High Yield Strateges Fd by 67.0% during the fourth quarter. Baird Financial Group Inc. now owns 82,636 shares of the investment management company’s stock worth $1,021,000 after acquiring an additional 33,144 shares during the period. Raymond James Financial Services Advisors Inc. increased its position in shares of Neuberger Berman High Yield Strateges Fd by 123.8% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 33,809 shares of the investment management company’s stock worth $418,000 after acquiring an additional 18,700 shares during the period. Finally, NEXT Financial Group Inc increased its position in shares of Neuberger Berman High Yield Strateges Fd by 8.9% during the fourth quarter. NEXT Financial Group Inc now owns 29,800 shares of the investment management company’s stock worth $368,000 after acquiring an additional 2,425 shares during the period.

About Neuberger Berman High Yield Strateges Fd

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.

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