Advisor Resource Council Takes Position in Neuberger Berman Real Estate Securities Income Fund Inc. (NYSEAMERICAN:NRO)

Advisor Resource Council bought a new position in Neuberger Berman Real Estate Securities Income Fund Inc. (NYSEAMERICAN:NRO) during the 1st quarter, Holdings Channel reports. The fund bought 25,905 shares of the company’s stock, valued at approximately $83,000.

Separately, SeaCrest Wealth Management LLC grew its position in Neuberger Berman Real Estate Securities Income Fund by 36.2% in the 4th quarter. SeaCrest Wealth Management LLC now owns 56,133 shares of the company’s stock worth $181,000 after purchasing an additional 14,917 shares during the last quarter.

Neuberger Berman Real Estate Securities Income Fund Stock Performance

NYSEAMERICAN NRO traded down $0.01 during midday trading on Thursday, hitting $3.36. The company had a trading volume of 61,751 shares, compared to its average volume of 181,724. Neuberger Berman Real Estate Securities Income Fund Inc. has a fifty-two week low of $2.51 and a fifty-two week high of $3.45.

Neuberger Berman Real Estate Securities Income Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Monday, July 15th will be given a dividend of $0.0312 per share. The ex-dividend date is Monday, July 15th. This represents a $0.37 annualized dividend and a dividend yield of 11.14%.

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.