Neuberger Berman High Yield Strateges Fd (NHS) Major Shareholder Purchases $552,929.32 in Stock

Neuberger Berman High Yield Strateges Fd (NYSEAMERICAN:NHS) major shareholder Saba Capital Management, L.P. bought 49,193 shares of the firm’s stock in a transaction on Wednesday, March 20th. The stock was bought at an average cost of $11.24 per share, for a total transaction of $552,929.32. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Major shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

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

  • On Thursday, April 11th, Saba Capital Management, L.P. bought 121,750 shares of Neuberger Berman High Yield Strateges Fd stock. The stock was bought at an average cost of $11.63 per share, for a total transaction of $1,415,952.50.
  • On Tuesday, April 9th, Saba Capital Management, L.P. purchased 132,636 shares of Neuberger Berman High Yield Strateges Fd stock. The shares were acquired at an average cost of $11.55 per share, for a total transaction of $1,531,945.80.
  • On Friday, April 5th, Saba Capital Management, L.P. purchased 94,645 shares of Neuberger Berman High Yield Strateges Fd stock. The shares were acquired at an average cost of $11.52 per share, for a total transaction of $1,090,310.40.
  • On Tuesday, April 2nd, Saba Capital Management, L.P. purchased 9,620 shares of Neuberger Berman High Yield Strateges Fd stock. The shares were acquired at an average cost of $11.37 per share, for a total transaction of $109,379.40.
  • On Friday, March 29th, Saba Capital Management, L.P. purchased 18,298 shares of Neuberger Berman High Yield Strateges Fd stock. The shares were acquired at an average cost of $11.31 per share, for a total transaction of $206,950.38.
  • On Wednesday, March 27th, Saba Capital Management, L.P. purchased 11,769 shares of Neuberger Berman High Yield Strateges Fd stock. The shares were acquired at an average cost of $11.28 per share, for a total transaction of $132,754.32.
  • On Friday, March 22nd, Saba Capital Management, L.P. purchased 19,479 shares of Neuberger Berman High Yield Strateges Fd stock. The shares were acquired at an average cost of $11.34 per share, for a total transaction of $220,891.86.
  • On Monday, March 18th, Saba Capital Management, L.P. purchased 7,750 shares of Neuberger Berman High Yield Strateges Fd stock. The shares were acquired at an average cost of $11.21 per share, for a total transaction of $86,877.50.
  • On Thursday, February 21st, Saba Capital Management, L.P. purchased 42,245 shares of Neuberger Berman High Yield Strateges Fd stock. The shares were acquired at an average cost of $11.09 per share, for a total transaction of $468,497.05.
  • On Tuesday, February 19th, Saba Capital Management, L.P. purchased 59,831 shares of Neuberger Berman High Yield Strateges Fd stock. The shares were acquired at an average cost of $11.03 per share, for a total transaction of $659,935.93.

Shares of NHS stock traded up $0.08 during trading hours on Monday, reaching $11.76. 101,659 shares of the stock were exchanged, compared to its average volume of 105,974. Neuberger Berman High Yield Strateges Fd has a 12-month low of $9.15 and a 12-month high of $11.70.

The business also recently declared a monthly dividend, which will be paid on Friday, May 31st. Shareholders of record on Wednesday, May 15th will be paid a $0.0905 dividend. This is a positive change from Neuberger Berman High Yield Strateges Fd’s previous monthly dividend of $0.07. This represents a $1.09 annualized dividend and a yield of 9.23%. The ex-dividend date is Tuesday, May 14th.

A number of institutional investors have recently made changes to their positions in NHS. Toroso Investments LLC purchased a new position in Neuberger Berman High Yield Strateges Fd in the fourth quarter valued at approximately $159,000. Citadel Advisors LLC purchased a new position in shares of Neuberger Berman High Yield Strateges Fd during the third quarter worth approximately $200,000. Park Avenue Securities LLC purchased a new position in shares of Neuberger Berman High Yield Strateges Fd during the fourth quarter worth approximately $219,000. Shepherd Kaplan Krochuk LLC grew its position in shares of Neuberger Berman High Yield Strateges Fd by 44.8% during the third quarter. Shepherd Kaplan Krochuk LLC now owns 48,040 shares of the investment management company’s stock worth $526,000 after acquiring an additional 14,860 shares during the last quarter. Finally, LPL Financial LLC grew its position in shares of Neuberger Berman High Yield Strateges Fd by 42.7% during the third quarter. LPL Financial LLC now owns 107,567 shares of the investment management company’s stock worth $1,178,000 after acquiring an additional 32,201 shares during the last quarter.

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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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