Neuberger Berman Real Estate Securities Income Fund (NYSEAMERICAN:NRO) Stock Price Crosses Above 50-Day Moving Average of $0.00

Shares of Neuberger Berman Real Estate Securities Income Fund Inc. (NYSEAMERICAN:NRO) 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 $4.11. Neuberger Berman Real Estate Securities Income Fund shares last traded at $4.10, with a volume of 100,197 shares.

Neuberger Berman Real Estate Securities Income Fund Stock Up 0.5 %

Neuberger Berman Real Estate Securities Income Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Monday, September 30th. Investors of record on Monday, September 16th will be paid a dividend of $0.0312 per share. The ex-dividend date is Monday, September 16th. This represents a $0.37 dividend on an annualized basis and a yield of 9.13%.

Institutional Investors Weigh In On Neuberger Berman Real Estate Securities Income Fund

A number of hedge funds and other institutional investors have recently made changes to their positions in NRO. Larson Financial Group LLC lifted its stake in Neuberger Berman Real Estate Securities Income Fund by 61.1% in the 1st quarter. Larson Financial Group LLC now owns 8,297 shares of the company’s stock valued at $28,000 after acquiring an additional 3,147 shares in the last quarter. B. Riley Wealth Advisors Inc. lifted its position in shares of Neuberger Berman Real Estate Securities Income Fund by 33.3% in the second 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 in the last quarter. SeaCrest Wealth Management LLC boosted its holdings in Neuberger Berman Real Estate Securities Income Fund by 9.5% during the first quarter. SeaCrest Wealth Management LLC now owns 61,458 shares of the company’s stock worth $205,000 after purchasing an additional 5,325 shares during the last quarter. Atomi Financial Group Inc. bought a new position in Neuberger Berman Real Estate Securities Income Fund in the first quarter valued at $38,000. Finally, Hartline Investment Corp acquired a new stake in Neuberger Berman Real Estate Securities Income Fund in the 1st quarter valued at $42,000.

About Neuberger Berman Real Estate Securities Income Fund

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.