Neuberger Berman Real Estate Securities Income Fund (NYSEAMERICAN:NRO) Stock Crosses Above 50-Day Moving Average – Here’s Why

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 $3.01 and traded as high as $3.08. Neuberger Berman Real Estate Securities Income Fund shares last traded at $3.02, with a volume of 212,297 shares traded.

Neuberger Berman Real Estate Securities Income Fund Price Performance

The firm has a 50-day moving average price of $3.01 and a 200 day moving average price of $3.00.

Neuberger Berman Real Estate Securities Income Fund Dividend Announcement

The company also recently declared a monthly dividend, which was paid on Friday, July 31st. Investors of record on Wednesday, July 15th were paid a $0.0312 dividend. The ex-dividend date was Wednesday, July 15th. This represents a c) annualized dividend and a yield of 12.4%.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the company. Virtu Financial LLC bought a new stake in shares of Neuberger Berman Real Estate Securities Income Fund in the fourth quarter valued at about $32,000. Envestnet Asset Management Inc. bought a new position in Neuberger Berman Real Estate Securities Income Fund during the third quarter worth about $33,000. XTX Topco Ltd bought a new position in Neuberger Berman Real Estate Securities Income Fund during the second quarter worth about $34,000. Mercer Global Advisors Inc. ADV acquired a new stake in Neuberger Berman Real Estate Securities Income Fund in the 3rd quarter worth about $48,000. Finally, PNC Financial Services Group Inc. raised its stake in Neuberger Berman Real Estate Securities Income Fund by 133.5% in the 1st quarter. PNC Financial Services Group Inc. now owns 17,604 shares of the company’s stock worth $50,000 after purchasing an additional 10,065 shares in the last quarter.

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.