Sit Investment Associates Inc. Decreases Stock Position in Neuberger Berman Real Estate Securities Income Fund Inc. $NRO

Sit Investment Associates Inc. cut its holdings in Neuberger Berman Real Estate Securities Income Fund Inc. (NYSEAMERICAN:NRO) by 11.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,962,316 shares of the company’s stock after selling 1,039,135 shares during the quarter. Sit Investment Associates Inc.’s holdings in Neuberger Berman Real Estate Securities Income Fund were worth $24,205,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in NRO. XTX Topco Ltd bought a new stake in shares of Neuberger Berman Real Estate Securities Income Fund in the 2nd quarter worth $34,000. Bank of America Corp DE boosted its position in shares of Neuberger Berman Real Estate Securities Income Fund by 10.2% during the second quarter. Bank of America Corp DE now owns 203,439 shares of the company’s stock valued at $655,000 after buying an additional 18,887 shares during the last quarter. Osaic Holdings Inc. boosted its position in shares of Neuberger Berman Real Estate Securities Income Fund by 7.3% during the second quarter. Osaic Holdings Inc. now owns 230,757 shares of the company’s stock valued at $743,000 after buying an additional 15,635 shares during the last quarter. Envestnet Asset Management Inc. bought a new stake in Neuberger Berman Real Estate Securities Income Fund in the 3rd quarter worth about $33,000. Finally, Advisors Asset Management Inc. raised its position in Neuberger Berman Real Estate Securities Income Fund by 16.4% in the 3rd quarter. Advisors Asset Management Inc. now owns 490,510 shares of the company’s stock worth $1,584,000 after buying an additional 69,279 shares during the last quarter.

Neuberger Berman Real Estate Securities Income Fund Stock Performance

NRO opened at $2.99 on Friday. The company’s 50-day simple moving average is $2.98 and its two-hundred day simple moving average is $2.99. Neuberger Berman Real Estate Securities Income Fund Inc. has a 52-week low of $2.74 and a 52-week high of $3.37.

Neuberger Berman Real Estate Securities Income Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be issued a $0.0312 dividend. The ex-dividend date is Monday, June 15th. This represents a c) annualized dividend and a yield of 12.5%.

About Neuberger Berman Real Estate Securities Income Fund

Neuberger Berman Real Estate Securities Income Fund (NYSE American: NRO) is a closed-end management investment company organized as a Massachusetts business trust. Listed on the NYSE American exchange, the fund seeks to provide shareholders with high current income and the potential for capital appreciation through an actively managed portfolio of real estate securities. Its structure allows investors to access a diversified pool of real estate assets within a single investment vehicle.

The fund’s primary investment focus is on equity real estate investment trusts (REITs), real estate operating companies and other real estate–related securities.