Avantax Advisory Services Inc. Invests $50,000 in Neuberger Berman Real Estate Securities Income Fund Inc. (NYSEAMERICAN:NRO)

Avantax Advisory Services Inc. bought a new stake in Neuberger Berman Real Estate Securities Income Fund Inc. (NYSEAMERICAN:NRO) in the 4th quarter, Holdings Channel.com reports. The firm bought 14,202 shares of the company’s stock, valued at approximately $50,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Larson Financial Group LLC increased its holdings in shares of Neuberger Berman Real Estate Securities Income Fund by 45.8% in the fourth quarter. Larson Financial Group LLC now owns 12,100 shares of the company’s stock valued at $43,000 after purchasing an additional 3,803 shares during the last quarter. Fisher Asset Management LLC acquired a new position in Neuberger Berman Real Estate Securities Income Fund in the 3rd quarter valued at about $43,000. Virtu Financial LLC bought a new position in Neuberger Berman Real Estate Securities Income Fund in the 3rd quarter valued at about $59,000. One Capital Management LLC acquired a new stake in Neuberger Berman Real Estate Securities Income Fund during the fourth quarter worth approximately $59,000. Finally, Oppenheimer & Co. Inc. bought a new stake in shares of Neuberger Berman Real Estate Securities Income Fund during the fourth quarter worth approximately $63,000.

Neuberger Berman Real Estate Securities Income Fund Stock Performance

Neuberger Berman Real Estate Securities Income Fund stock opened at $3.29 on Friday. Neuberger Berman Real Estate Securities Income Fund Inc. has a 12 month low of $2.99 and a 12 month high of $4.15.

Neuberger Berman Real Estate Securities Income Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 17th will be issued a $0.0312 dividend. This represents a $0.37 dividend on an annualized basis and a yield of 11.38%. The ex-dividend date of this dividend is Monday, March 17th.

Neuberger Berman Real Estate Securities Income Fund 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.