Neuberger Berman Energy Infrastructure and Income Fund (NYSEAMERICAN:NML) Share Price Passes Above 200 Day Moving Average – Here’s What Happened

Neuberger Berman Energy Infrastructure and Income Fund Inc. (NYSEAMERICAN:NML)’s share price crossed 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.

Neuberger Berman Energy Infrastructure and Income Fund Stock Up 0.5 %

Neuberger Berman Energy Infrastructure and Income Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, January 31st. Shareholders of record on Wednesday, January 15th will be issued a $0.0584 dividend. The ex-dividend date of this dividend is Wednesday, January 15th. This represents a $0.70 annualized dividend and a dividend yield of 7.56%. Neuberger Berman Energy Infrastructure and Income Fund’s dividend payout ratio (DPR) is currently -227.59%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Sanctuary Advisors LLC acquired a new stake in shares of Neuberger Berman Energy Infrastructure and Income Fund during the second quarter worth $218,000. Oppenheimer & Co. Inc. increased its holdings in 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 purchasing an additional 3,492 shares in the last quarter. Stifel Financial Corp raised its stake in shares of 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 purchasing an additional 1,171 shares during the period. Kovitz Investment Group Partners LLC bought a new stake in shares of Neuberger Berman Energy Infrastructure and Income Fund in the third quarter valued at about $2,659,000. Finally, Penserra Capital Management LLC bought a new stake in shares of Neuberger Berman Energy Infrastructure and Income Fund in the third quarter valued at about $4,674,000.

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.