Modern Wealth Management LLC Purchases New Shares in Neuberger Berman Real Estate Securities Income Fund Inc. (NYSEAMERICAN:NRO)

Modern Wealth Management LLC acquired a new position in Neuberger Berman Real Estate Securities Income Fund Inc. (NYSEAMERICAN:NRO) in the fourth quarter, Holdings Channel reports. The fund acquired 22,228 shares of the company’s stock, valued at approximately $73,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Fisher Asset Management LLC purchased a new stake in shares of Neuberger Berman Real Estate Securities Income Fund during the 3rd quarter valued at $43,000. Larson Financial Group LLC lifted its stake 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 worth $43,000 after buying an additional 3,803 shares in the last quarter. Avantax Advisory Services Inc. purchased a new stake in shares of Neuberger Berman Real Estate Securities Income Fund during the fourth quarter valued at approximately $50,000. Virtu Financial LLC bought a new stake in shares of Neuberger Berman Real Estate Securities Income Fund during the third quarter valued at approximately $59,000. Finally, One Capital Management LLC purchased a new position in Neuberger Berman Real Estate Securities Income Fund in the 4th quarter worth approximately $59,000.

Neuberger Berman Real Estate Securities Income Fund Price 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 firm also recently announced a monthly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 17th will be given 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.