Neuberger Berman Real Estate Securities Income Fund (NYSEAMERICAN:NRO) Shares Cross Above 50 Day Moving Average of $0.00

Neuberger Berman Real Estate Securities Income Fund Inc. (NYSEAMERICAN:NRO)’s share price crossed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $0.00 and traded as high as $3.05. Neuberger Berman Real Estate Securities Income Fund shares last traded at $3.04, with a volume of 240,956 shares.

Neuberger Berman Real Estate Securities Income Fund Stock Up 0.7 %

Neuberger Berman Real Estate Securities Income Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, April 30th. Investors of record on Monday, April 15th will be given a $0.0312 dividend. The ex-dividend date of this dividend is Friday, April 12th. This represents a $0.37 dividend on an annualized basis and a dividend yield of 12.39%.

Institutional Trading of Neuberger Berman Real Estate Securities Income Fund

Institutional investors and hedge funds have recently modified their holdings of the business. Cambridge Investment Research Advisors Inc. increased its holdings in shares of Neuberger Berman Real Estate Securities Income Fund by 31.0% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 22,812 shares of the company’s stock worth $114,000 after buying an additional 5,398 shares during the last quarter. Cetera Investment Advisers purchased a new position in Neuberger Berman Real Estate Securities Income Fund in the first quarter worth $66,000. NewEdge Advisors LLC increased its stake in Neuberger Berman Real Estate Securities Income Fund by 164.3% in the first quarter. NewEdge Advisors LLC now owns 46,012 shares of the company’s stock valued at $230,000 after acquiring an additional 28,600 shares during the last quarter. Invesco Ltd. purchased a new stake in Neuberger Berman Real Estate Securities Income Fund during the first quarter valued at about $376,000. Finally, Atria Wealth Solutions Inc. bought a new stake in Neuberger Berman Real Estate Securities Income Fund during the first quarter worth about $379,000.

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.