Neuberger Berman Energy Infrastructure and Income Fund (NYSEAMERICAN:NML) Share Price Crosses Above Two Hundred Day Moving Average – What’s Next?

Shares of Neuberger Berman Energy Infrastructure and Income Fund Inc. (NYSEAMERICAN:NML) passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $0.00 and traded as high as $9.30. Neuberger Berman Energy Infrastructure and Income Fund shares last traded at $9.27, with a volume of 932,245 shares trading hands.

Neuberger Berman Energy Infrastructure and Income Fund Trading Up 0.5 %

Neuberger Berman Energy Infrastructure and Income Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Friday, January 31st. Stockholders of record on Wednesday, January 15th will be paid a dividend of $0.0584 per share. This represents a $0.70 dividend on an annualized basis and a dividend yield of 7.56%. The ex-dividend date is Wednesday, January 15th. Neuberger Berman Energy Infrastructure and Income Fund’s dividend payout ratio is currently -227.59%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of NML. Kovitz Investment Group Partners LLC bought a new position in shares of Neuberger Berman Energy Infrastructure and Income Fund during the 3rd quarter worth approximately $2,659,000. Stifel Financial Corp raised its stake in Neuberger Berman Energy Infrastructure and Income Fund by 0.4% in the 3rd quarter. Stifel Financial Corp now owns 315,280 shares of the investment management company’s stock valued at $2,585,000 after acquiring an additional 1,171 shares during the period. Penserra Capital Management LLC acquired a new stake in Neuberger Berman Energy Infrastructure and Income Fund during the 3rd quarter valued at $4,674,000. Oppenheimer & Co. Inc. boosted its position in Neuberger Berman Energy Infrastructure and Income Fund by 1.3% during the third quarter. Oppenheimer & Co. Inc. now owns 279,721 shares of the investment management company’s stock worth $2,294,000 after purchasing an additional 3,492 shares during the period. Finally, Sanctuary Advisors LLC acquired a new position in shares of Neuberger Berman Energy Infrastructure and Income Fund in the second quarter valued at $218,000.

About Neuberger Berman Energy Infrastructure and Income Fund

Neuberger Berman Energy Infrastructure and Income Fund Inc is a closed ended fund of fund launched and managed by Neuberger Berman Management LLC. It is co-managed by Neuberger Berman LLC. The fund invests in the public equity markets. It primarily invests in master limited partnerships and limited liability companies.