Convergence Financial LLC Invests $11.40 Million in Neuberger Berman Short Duration Income ETF $NBSD

Convergence Financial LLC acquired a new stake in Neuberger Berman Short Duration Income ETF (NYSEARCA:NBSD) in the third quarter, Holdings Channel.com reports. The fund acquired 222,811 shares of the company’s stock, valued at approximately $11,399,000. Neuberger Berman Short Duration Income ETF makes up approximately 1.7% of Convergence Financial LLC’s portfolio, making the stock its 18th largest position.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Geneos Wealth Management Inc. purchased a new position in Neuberger Berman Short Duration Income ETF during the 3rd quarter valued at about $50,000. J.W. Cole Advisors Inc. acquired a new stake in shares of Neuberger Berman Short Duration Income ETF during the second quarter worth about $200,000. Relyea Zuckerberg Hanson LLC purchased a new position in shares of Neuberger Berman Short Duration Income ETF in the third quarter valued at approximately $202,000. Robinson Smith Wealth Advisors LLC acquired a new position in shares of Neuberger Berman Short Duration Income ETF in the second quarter valued at approximately $227,000. Finally, Envestnet Asset Management Inc. acquired a new position in shares of Neuberger Berman Short Duration Income ETF in the third quarter valued at approximately $280,000.

Neuberger Berman Short Duration Income ETF Stock Down 0.1%

Shares of NBSD opened at $51.37 on Friday. Neuberger Berman Short Duration Income ETF has a fifty-two week low of $49.63 and a fifty-two week high of $51.57. The firm’s 50 day moving average price is $51.25 and its 200 day moving average price is $51.22.

Neuberger Berman Short Duration Income ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Friday, January 30th. Stockholders of record on Tuesday, January 27th were paid a $0.1977 dividend. This represents a c) annualized dividend and a dividend yield of 4.6%. The ex-dividend date was Tuesday, January 27th.

Neuberger Berman Short Duration Income ETF Company Profile

The Neuberger Berman Short Duration Income ETF (NBSD) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is actively managed, investing broadly in the US fixed-income market. The fund seeks the highest available current income, and to a lesser extent, capital appreciation. NBSD was launched on Jun 21, 2010 and is issued by Neuberger Berman.