Prevail Innovative Wealth Advisors LLC Buys Shares of 144,613 Neuberger Berman Energy Infrastructure and Income Fund Inc. (NYSEAMERICAN:NML)

Prevail Innovative Wealth Advisors LLC purchased a new position in shares of Neuberger Berman Energy Infrastructure and Income Fund Inc. (NYSEAMERICAN:NML) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 144,613 shares of the investment management company’s stock, valued at approximately $1,277,000.

A number of other institutional investors and hedge funds have also made changes to their positions in NML. Stifel Financial Corp grew its position 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 worth $2,585,000 after purchasing an additional 1,171 shares during the last quarter. Kovitz Investment Group Partners LLC bought a new position in Neuberger Berman Energy Infrastructure and Income Fund in the 3rd quarter worth approximately $2,659,000. Cornerstone Wealth Management LLC grew its holdings in Neuberger Berman Energy Infrastructure and Income Fund by 10.1% in the 4th quarter. Cornerstone Wealth Management LLC now owns 86,768 shares of the investment management company’s stock worth $766,000 after buying an additional 7,942 shares in the last quarter. Calamos Advisors LLC increased its position in Neuberger Berman Energy Infrastructure and Income Fund by 23.8% in the 4th quarter. Calamos Advisors LLC now owns 49,480 shares of the investment management company’s stock valued at $437,000 after acquiring an additional 9,515 shares during the period. Finally, Truist Financial Corp raised its stake in Neuberger Berman Energy Infrastructure and Income Fund by 5.5% during the 4th quarter. Truist Financial Corp now owns 25,578 shares of the investment management company’s stock valued at $226,000 after acquiring an additional 1,330 shares in the last quarter.

Neuberger Berman Energy Infrastructure and Income Fund Stock Up 0.6 %

NYSEAMERICAN:NML opened at $9.03 on Friday. Neuberger Berman Energy Infrastructure and Income Fund Inc. has a 1 year low of $6.98 and a 1 year high of $9.51. The stock has a fifty day simple moving average of $9.01.

Neuberger Berman Energy Infrastructure and Income Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 17th will be given a $0.0584 dividend. The ex-dividend date of this dividend is Monday, March 17th. This represents a $0.70 dividend on an annualized basis and a yield of 7.76%. Neuberger Berman Energy Infrastructure and Income Fund’s dividend payout ratio is presently -227.59%.

Neuberger Berman Energy Infrastructure and Income Fund Profile

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.