Neuberger Berman Energy Infrastructure and Income Fund (NYSEAMERICAN:NML) Share Price Crosses Above 50 Day Moving Average – Should You Sell?

Neuberger Berman Energy Infrastructure and Income Fund Inc. (NYSEAMERICAN:NML)’s stock price passed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $8.48 and traded as high as $9.03. Neuberger Berman Energy Infrastructure and Income Fund shares last traded at $8.91, with a volume of 154,033 shares trading hands.

Neuberger Berman Energy Infrastructure and Income Fund Stock Performance

The stock’s 50-day moving average is $8.48 and its 200-day moving average is $8.66.

Neuberger Berman Energy Infrastructure and Income Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Monday, June 30th. Investors of record on Monday, June 16th will be given a dividend of $0.0584 per share. The ex-dividend date of this dividend is Monday, June 16th. This represents a $0.70 dividend on an annualized basis and a dividend yield of 7.87%. Neuberger Berman Energy Infrastructure and Income Fund’s payout ratio is presently -227.59%.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. Truist Financial Corp raised its holdings in Neuberger Berman Energy Infrastructure and Income Fund by 5.5% during the fourth quarter. Truist Financial Corp now owns 25,578 shares of the investment management company’s stock worth $226,000 after buying an additional 1,330 shares during the last quarter. Oppenheimer & Co. Inc. raised its holdings in Neuberger Berman Energy Infrastructure and Income Fund by 13.5% during the fourth quarter. Oppenheimer & Co. Inc. now owns 317,607 shares of the investment management company’s stock worth $2,804,000 after buying an additional 37,886 shares during the last quarter. Raymond James Financial Inc. acquired a new position in Neuberger Berman Energy Infrastructure and Income Fund during the fourth quarter worth $1,615,000. Commonwealth Equity Services LLC raised its holdings in Neuberger Berman Energy Infrastructure and Income Fund by 188.5% during the fourth quarter. Commonwealth Equity Services LLC now owns 51,362 shares of the investment management company’s stock worth $454,000 after buying an additional 33,560 shares during the last quarter. Finally, Optimum Investment Advisors raised its holdings in Neuberger Berman Energy Infrastructure and Income Fund by 0.8% during the fourth quarter. Optimum Investment Advisors now owns 136,610 shares of the investment management company’s stock worth $1,206,000 after buying an additional 1,120 shares during the last quarter.

Neuberger Berman Energy Infrastructure and Income Fund Company 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.