Convergence Financial LLC Buys Shares of 222,811 Neuberger Berman Short Duration Income ETF $NBSD

Convergence Financial LLC purchased a new position in shares of Neuberger Berman Short Duration Income ETF (NYSEARCA:NBSD) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 222,811 shares of the company’s stock, valued at approximately $11,399,000. Neuberger Berman Short Duration Income ETF comprises about 1.7% of Convergence Financial LLC’s holdings, making the stock its 18th largest holding. Convergence Financial LLC owned approximately 2.07% of Neuberger Berman Short Duration Income ETF as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Raymond James Financial Inc. grew its position in Neuberger Berman Short Duration Income ETF by 41.0% in the second quarter. Raymond James Financial Inc. now owns 399,669 shares of the company’s stock worth $20,359,000 after acquiring an additional 116,155 shares during the period. Paulson Wealth Management Inc. lifted its stake in shares of Neuberger Berman Short Duration Income ETF by 9.8% in the 3rd quarter. Paulson Wealth Management Inc. now owns 218,927 shares of the company’s stock valued at $11,200,000 after purchasing an additional 19,532 shares during the last quarter. Steward Partners Investment Advisory LLC lifted its stake in shares of Neuberger Berman Short Duration Income ETF by 6.9% in the 2nd quarter. Steward Partners Investment Advisory LLC now owns 111,903 shares of the company’s stock valued at $5,700,000 after purchasing an additional 7,252 shares during the last quarter. Robinson Smith Wealth Advisors LLC grew its holdings in shares of Neuberger Berman Short Duration Income ETF by 2,034.0% during the 3rd quarter. Robinson Smith Wealth Advisors LLC now owns 95,069 shares of the company’s stock worth $4,864,000 after purchasing an additional 90,614 shares during the period. Finally, J.W. Cole Advisors Inc. increased its position in shares of Neuberger Berman Short Duration Income ETF by 1,622.9% during the 3rd quarter. J.W. Cole Advisors Inc. now owns 67,760 shares of the company’s stock worth $3,467,000 after purchasing an additional 63,827 shares during the last quarter.

Neuberger Berman Short Duration Income ETF Stock Performance

Shares of NBSD opened at $51.37 on Friday. The company’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 has a 12-month low of $49.63 and a 12-month high of $51.57.

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 issued 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 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.