Cornerstone Advisors LLC Invests $140,000 in Neuberger Berman Real Estate Securities Income Fund Inc. (NYSEAMERICAN:NRO)

Cornerstone Advisors LLC purchased a new stake in shares of Neuberger Berman Real Estate Securities Income Fund Inc. (NYSEAMERICAN:NRO) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 39,500 shares of the company’s stock, valued at approximately $140,000.

Other institutional investors also recently bought and sold shares of the company. Larson Financial Group LLC raised its position 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 acquiring an additional 3,803 shares during the period. Fisher Asset Management LLC purchased a new position in shares of Neuberger Berman Real Estate Securities Income Fund in the 3rd quarter valued at about $43,000. Virtu Financial LLC acquired a new position in Neuberger Berman Real Estate Securities Income Fund in the 3rd quarter worth about $59,000. One Capital Management LLC purchased a new position in Neuberger Berman Real Estate Securities Income Fund during the fourth quarter worth approximately $59,000. Finally, Oppenheimer & Co. Inc. acquired a new stake in Neuberger Berman Real Estate Securities Income Fund in the fourth quarter valued at approximately $63,000.

Neuberger Berman Real Estate Securities Income Fund Stock Down 0.3 %

Neuberger Berman Real Estate Securities Income Fund stock opened at $3.30 on Wednesday. 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 business also recently disclosed a monthly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 17th will be given a dividend of $0.0312 per share. This represents a $0.37 dividend on an annualized basis and a yield of 11.35%. The ex-dividend date is Monday, March 17th.

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.