Bank of America Corp DE Sells 34,195 Shares of Neuberger Berman Real Estate Sec Inc Fd (NRO)

Bank of America Corp DE lowered its holdings in Neuberger Berman Real Estate Sec Inc Fd (NYSEAMERICAN:NRO) by 7.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 405,441 shares of the company’s stock after selling 34,195 shares during the period. Bank of America Corp DE owned approximately 0.86% of Neuberger Berman Real Estate Sec Inc Fd worth $2,084,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the company. Cornerstone Wealth Management LLC purchased a new position in shares of Neuberger Berman Real Estate Sec Inc Fd in the second quarter valued at $2,000,000. Strategic Advisors LLC purchased a new position in shares of Neuberger Berman Real Estate Sec Inc Fd in the second quarter valued at $113,000. Raymond James & Associates boosted its stake in shares of Neuberger Berman Real Estate Sec Inc Fd by 24.6% in the second quarter. Raymond James & Associates now owns 69,195 shares of the company’s stock valued at $356,000 after purchasing an additional 13,678 shares during the period. Finally, UBS Group AG boosted its stake in shares of Neuberger Berman Real Estate Sec Inc Fd by 10.8% in the first quarter. UBS Group AG now owns 189,822 shares of the company’s stock valued at $906,000 after purchasing an additional 18,523 shares during the period.

NYSEAMERICAN NRO opened at $4.64 on Friday. Neuberger Berman Real Estate Sec Inc Fd has a 12 month low of $4.29 and a 12 month high of $5.59.

The business also recently disclosed a monthly dividend, which will be paid on Friday, November 30th. Shareholders of record on Thursday, November 15th will be paid a dividend of $0.04 per share. The ex-dividend date of this dividend is Wednesday, November 14th. This represents a $0.48 dividend on an annualized basis and a yield of 10.34%.

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Neuberger Berman Real Estate Sec Inc Fd Company 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.

See Also: Cash Flow

Institutional Ownership by Quarter for Neuberger Berman Real Estate Sec Inc Fd (NYSEAMERICAN:NRO)

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