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

Neuberger Berman Real Estate Securities Income Fund Inc. (NYSEAMERICAN:NRO)’s stock price crossed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $0.00 and traded as high as $3.99. Neuberger Berman Real Estate Securities Income Fund shares last traded at $3.99, with a volume of 161,303 shares changing hands.

Neuberger Berman Real Estate Securities Income Fund Stock Up 1.0 %

Neuberger Berman Real Estate Securities Income Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Thursday, October 31st. Investors of record on Tuesday, October 15th will be paid a dividend of $0.0312 per share. This represents a $0.37 dividend on an annualized basis and a dividend yield of 9.38%. The ex-dividend date of this dividend is Tuesday, October 15th.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Larson Financial Group LLC raised its position in Neuberger Berman Real Estate Securities Income Fund by 61.1% during the 1st quarter. Larson Financial Group LLC now owns 8,297 shares of the company’s stock valued at $28,000 after purchasing an additional 3,147 shares in the last quarter. Atomi Financial Group Inc. bought a new position in Neuberger Berman Real Estate Securities Income Fund during the 1st quarter worth about $38,000. Hartline Investment Corp purchased a new position in Neuberger Berman Real Estate Securities Income Fund during the 1st quarter valued at about $42,000. Shaker Financial Services LLC bought a new stake in shares of Neuberger Berman Real Estate Securities Income Fund in the 2nd quarter valued at about $53,000. Finally, B. Riley Wealth Advisors Inc. lifted its position in shares of Neuberger Berman Real Estate Securities Income Fund by 33.3% in the 2nd quarter. B. Riley Wealth Advisors Inc. now owns 20,000 shares of the company’s stock worth $67,000 after purchasing an additional 5,000 shares during the period.

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.