Neuberger Berman Real Estate Securities Income Fund (NYSEAMERICAN:NRO) Shares Pass Above 50-Day Moving Average – Here’s Why

Neuberger Berman Real Estate Securities Income Fund Inc. (NYSEAMERICAN:NRO)’s share price crossed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $0.00 and traded as high as $3.67. Neuberger Berman Real Estate Securities Income Fund shares last traded at $3.67, with a volume of 356,788 shares trading hands.

Neuberger Berman Real Estate Securities Income Fund Price Performance

Neuberger Berman Real Estate Securities Income Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Friday, February 28th. Shareholders of record on Thursday, February 6th will be given a dividend of $0.0312 per share. The ex-dividend date of this dividend is Thursday, February 6th. This represents a $0.37 dividend on an annualized basis and a yield of 10.20%.

Hedge Funds Weigh In On Neuberger Berman Real Estate Securities Income Fund

Institutional investors and hedge funds have recently modified their holdings of the stock. SeaCrest Wealth Management LLC grew its stake in shares of Neuberger Berman Real Estate Securities Income Fund by 6.3% during the third quarter. SeaCrest Wealth Management LLC now owns 65,871 shares of the company’s stock valued at $271,000 after buying an additional 3,885 shares during the last quarter. B. Riley Wealth Advisors Inc. boosted its holdings in Neuberger Berman Real Estate Securities Income Fund by 33.3% during the 2nd quarter. B. Riley Wealth Advisors Inc. now owns 20,000 shares of the company’s stock valued at $67,000 after acquiring an additional 5,000 shares during the period. Bay Colony Advisory Group Inc d b a Bay Colony Advisors grew its position in Neuberger Berman Real Estate Securities Income Fund by 42.0% in the 3rd quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 18,194 shares of the company’s stock valued at $75,000 after acquiring an additional 5,378 shares during the last quarter. Fisher Asset Management LLC purchased a new stake in Neuberger Berman Real Estate Securities Income Fund in the third quarter worth $43,000. Finally, Private Advisor Group LLC lifted its position in shares of Neuberger Berman Real Estate Securities Income Fund by 28.0% during the third quarter. Private Advisor Group LLC now owns 50,925 shares of the company’s stock worth $209,000 after purchasing an additional 11,125 shares during the last quarter.

Neuberger Berman Real Estate Securities Income Fund Company Profile

Neuberger Berman Real Estate Securities Income Fund, Inc is a closed-ended equity mutual fund launched and managed by Neuberger Berman LLC. It is co-managed by Neuberger Berman Management LLC. The fund invests in the public equity markets of the United States. It typically invests in stocks of companies operating in the real estate sector including real estate investment trusts.