Neuberger Berman Energy Infrastructure and Income Fund Inc. (NYSEAMERICAN:NML) Position Lessened by Saba Capital Management L.P.

Saba Capital Management L.P. reduced its stake in shares of Neuberger Berman Energy Infrastructure and Income Fund Inc. (NYSEAMERICAN:NML) by 46.2% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 1,336,774 shares of the investment management company’s stock after selling 1,150,037 shares during the quarter. Saba Capital Management L.P.’s holdings in Neuberger Berman Energy Infrastructure and Income Fund were worth $11,804,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of NML. Truist Financial Corp grew its position in shares of Neuberger Berman Energy Infrastructure and Income Fund by 5.5% in the fourth quarter. Truist Financial Corp now owns 25,578 shares of the investment management company’s stock valued at $226,000 after purchasing an additional 1,330 shares during the last quarter. Commonwealth Equity Services LLC grew its position in shares of Neuberger Berman Energy Infrastructure and Income Fund by 188.5% in the fourth quarter. Commonwealth Equity Services LLC now owns 51,362 shares of the investment management company’s stock valued at $454,000 after purchasing an additional 33,560 shares during the last quarter. LPL Financial LLC grew its position in shares of Neuberger Berman Energy Infrastructure and Income Fund by 22.9% in the fourth quarter. LPL Financial LLC now owns 86,132 shares of the investment management company’s stock valued at $761,000 after purchasing an additional 16,034 shares during the last quarter. Mark Sheptoff Financial Planning LLC acquired a new stake in shares of Neuberger Berman Energy Infrastructure and Income Fund in the fourth quarter valued at about $144,000. Finally, Arete Wealth Advisors LLC grew its position in shares of Neuberger Berman Energy Infrastructure and Income Fund by 6.5% in the fourth quarter. Arete Wealth Advisors LLC now owns 33,000 shares of the investment management company’s stock valued at $291,000 after purchasing an additional 2,000 shares during the last quarter.

Neuberger Berman Energy Infrastructure and Income Fund Stock Up 0.3%

Shares of NYSEAMERICAN:NML opened at $8.74 on Friday. The stock’s 50-day moving average is $8.53 and its 200-day moving average is $8.60. Neuberger Berman Energy Infrastructure and Income Fund Inc. has a 52-week low of $7.10 and a 52-week high of $9.51.

Neuberger Berman Energy Infrastructure and Income Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Friday, May 30th. Stockholders of record on Thursday, May 15th will be given a $0.0584 dividend. This represents a $0.70 annualized dividend and a dividend yield of 8.02%. The ex-dividend date of this dividend is Thursday, May 15th. Neuberger Berman Energy Infrastructure and Income Fund’s dividend payout ratio is currently -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.