Neuberger Berman Real Estate Securities Income Fund (NYSEAMERICAN:NRO) Shares Pass Below Fifty Day Moving Average – Here’s What Happened

Neuberger Berman Real Estate Securities Income Fund Inc. (NYSEAMERICAN:NRO) crossed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $3.07 and traded as low as $2.95. Neuberger Berman Real Estate Securities Income Fund shares last traded at $2.97, with a volume of 217,537 shares changing hands.

Neuberger Berman Real Estate Securities Income Fund Stock Up 1.3%

The stock has a 50 day simple moving average of $3.07 and a two-hundred day simple moving average of $3.18.

Neuberger Berman Real Estate Securities Income Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Wednesday, December 31st. Investors of record on Monday, December 15th will be paid a dividend of $0.0312 per share. The ex-dividend date is Monday, December 15th. This represents a c) dividend on an annualized basis and a yield of 12.4%.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. Envestnet Asset Management Inc. purchased a new stake in shares of Neuberger Berman Real Estate Securities Income Fund in the third quarter valued at about $33,000. K2 Principal Fund L.P. purchased a new stake in Neuberger Berman Real Estate Securities Income Fund during the 1st quarter valued at approximately $34,000. XTX Topco Ltd acquired a new stake in Neuberger Berman Real Estate Securities Income Fund during the 2nd quarter worth approximately $34,000. Fingerlakes Wealth Management Inc. acquired a new stake in Neuberger Berman Real Estate Securities Income Fund during the 2nd quarter worth approximately $42,000. Finally, First Manhattan CO. LLC. purchased a new position in shares of Neuberger Berman Real Estate Securities Income Fund in the 1st quarter valued at approximately $46,000.

Neuberger Berman Real Estate Securities Income Fund Company Profile

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.