Neuberger Berman High Yield Strategies Fund Inc. (NYSEAMERICAN:NHS) Stake Lowered by Capital Investment Advisors LLC

Capital Investment Advisors LLC cut its stake in shares of Neuberger Berman High Yield Strategies Fund Inc. (NYSEAMERICAN:NHS) by 4.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 40,098 shares of the investment management company’s stock after selling 2,021 shares during the quarter. Capital Investment Advisors LLC’s holdings in Neuberger Berman High Yield Strategies Fund were worth $508,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Royal Bank of Canada grew its holdings in shares of Neuberger Berman High Yield Strategies Fund by 19.5% during the first quarter. Royal Bank of Canada now owns 10,240 shares of the investment management company’s stock valued at $132,000 after purchasing an additional 1,669 shares during the last quarter. Axiom Investment Management LLC bought a new position in shares of Neuberger Berman High Yield Strategies Fund during the first quarter valued at approximately $138,000. National Asset Management Inc. grew its holdings in shares of Neuberger Berman High Yield Strategies Fund by 11.7% during the second quarter. National Asset Management Inc. now owns 11,306 shares of the investment management company’s stock valued at $151,000 after purchasing an additional 1,182 shares during the last quarter. Mid Atlantic Financial Management Inc. ADV grew its holdings in shares of Neuberger Berman High Yield Strategies Fund by 72.1% during the second quarter. Mid Atlantic Financial Management Inc. ADV now owns 45,103 shares of the investment management company’s stock valued at $599,000 after purchasing an additional 18,903 shares during the last quarter. Finally, LPL Financial LLC grew its holdings in shares of Neuberger Berman High Yield Strategies Fund by 2.0% during the second quarter. LPL Financial LLC now owns 225,044 shares of the investment management company’s stock valued at $2,986,000 after purchasing an additional 4,313 shares during the last quarter. 15.57% of the stock is owned by institutional investors.

Shares of NHS stock opened at $12.60 on Thursday. Neuberger Berman High Yield Strategies Fund Inc. has a 12-month low of $11.43 and a 12-month high of $13.57.

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, November 30th. Investors of record on Monday, November 15th will be issued a $0.0905 dividend. This represents a $1.09 dividend on an annualized basis and a yield of 8.62%. The ex-dividend date is Friday, November 12th.

Neuberger Berman High Yield Strategies Fund Profile

Neuberger Berman High Yield Strategies Fund operates as closed-end management investment company. Its investment strategy is to seek high total return. The firm will normally invest at least 80% of its total assets in high yield debt securities of U.S. and foreign issuers, which include securities that are rated below investment grade by a rating agency or are unrated debt securities determined to be of comparable quality by the fund’s investment manager.

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Institutional Ownership by Quarter for Neuberger Berman High Yield Strategies Fund (NYSEAMERICAN:NHS)

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