Convergence Financial LLC Boosts Stake in Neuberger Berman Short Duration Income ETF $NBSD

Convergence Financial LLC grew its stake in shares of Neuberger Berman Short Duration Income ETF (NYSEARCA:NBSD) by 5.9% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 235,953 shares of the company’s stock after buying an additional 13,142 shares during the quarter. Neuberger Berman Short Duration Income ETF accounts for 1.8% of Convergence Financial LLC’s investment portfolio, making the stock its 16th biggest position. Convergence Financial LLC owned 1.50% of Neuberger Berman Short Duration Income ETF worth $12,077,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. Comerica Bank purchased a new position in Neuberger Berman Short Duration Income ETF in the 3rd quarter worth $102,000. Envestnet Asset Management Inc. bought a new stake in Neuberger Berman Short Duration Income ETF in the 3rd quarter worth $280,000. Wealth Enhancement Advisory Services LLC bought a new stake in Neuberger Berman Short Duration Income ETF in the 3rd quarter worth $333,000. MGO One Seven LLC grew its holdings in Neuberger Berman Short Duration Income ETF by 20.7% in the 4th quarter. MGO One Seven LLC now owns 6,717 shares of the company’s stock worth $344,000 after acquiring an additional 1,153 shares during the last quarter. Finally, Sagespring Wealth Partners LLC bought a new stake in Neuberger Berman Short Duration Income ETF in the 4th quarter worth $575,000.

Neuberger Berman Short Duration Income ETF Price Performance

Shares of Neuberger Berman Short Duration Income ETF stock opened at $50.66 on Friday. Neuberger Berman Short Duration Income ETF has a 12-month low of $50.42 and a 12-month high of $51.57. The company’s fifty day simple moving average is $50.77 and its two-hundred day simple moving average is $51.04.

Neuberger Berman Short Duration Income ETF 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.