Cornerstone Wealth Management LLC Has $766,000 Holdings in Neuberger Berman Energy Infrastructure and Income Fund Inc. (NYSEAMERICAN:NML)

Cornerstone Wealth Management LLC increased its holdings in Neuberger Berman Energy Infrastructure and Income Fund Inc. (NYSEAMERICAN:NML) by 10.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 86,768 shares of the investment management company’s stock after purchasing an additional 7,942 shares during the quarter. Cornerstone Wealth Management LLC’s holdings in Neuberger Berman Energy Infrastructure and Income Fund were worth $766,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Kovitz Investment Group Partners LLC acquired a new stake in Neuberger Berman Energy Infrastructure and Income Fund during the 3rd quarter valued at approximately $2,659,000. Stifel Financial Corp boosted 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 last quarter. Penserra Capital Management LLC acquired a new stake in shares of Neuberger Berman Energy Infrastructure and Income Fund during the third quarter worth $4,674,000. Oppenheimer & Co. Inc. raised its stake 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 buying an additional 3,492 shares during the last quarter. Finally, Sanctuary Advisors LLC acquired a new position in Neuberger Berman Energy Infrastructure and Income Fund in the second quarter valued at $218,000.

Neuberger Berman Energy Infrastructure and Income Fund Stock Down 0.1 %

Shares of NML opened at $9.35 on Friday. Neuberger Berman Energy Infrastructure and Income Fund Inc. has a 12 month low of $6.33 and a 12 month high of $9.51.

Neuberger Berman Energy Infrastructure and Income Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Friday, January 31st. Investors of record on Wednesday, January 15th will be given a dividend of $0.0584 per share. The ex-dividend date is Wednesday, January 15th. This represents a $0.70 annualized dividend and a dividend yield of 7.50%. Neuberger Berman Energy Infrastructure and Income Fund’s payout ratio is -227.59%.

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.