Neuberger Berman Energy Infrastructure and Income Fund (NYSEAMERICAN:NML) Share Price Passes Above Two Hundred Day Moving Average – Time to Sell?

Neuberger Berman Energy Infrastructure and Income Fund Inc. (NYSEAMERICAN:NML)’s stock price passed above its 200-day moving average during trading on Friday . The stock has a 200-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 announced a monthly dividend, which will be paid on Friday, January 31st. Shareholders of record on Wednesday, January 15th will be paid a $0.0584 dividend. This represents a $0.70 annualized dividend and a yield of 7.56%. The ex-dividend date of this dividend is Wednesday, January 15th. Neuberger Berman Energy Infrastructure and Income Fund’s payout ratio is -227.59%.

Institutional Investors Weigh In On Neuberger Berman Energy Infrastructure and Income Fund

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

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.