Neuberger Berman Energy Infrastructure and Income Fund (NYSEAMERICAN:NML) Shares Pass Below 50-Day Moving Average – Here’s Why

Shares of Neuberger Berman Energy Infrastructure and Income Fund Inc. (NYSEAMERICAN:NML) crossed below its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $10.09 and traded as low as $9.48. Neuberger Berman Energy Infrastructure and Income Fund shares last traded at $9.68, with a volume of 152,032 shares traded.

Neuberger Berman Energy Infrastructure and Income Fund Trading Up 0.9%

The business has a 50 day simple moving average of $10.09 and a two-hundred day simple moving average of $9.61.

Neuberger Berman Energy Infrastructure and Income Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be paid a $0.0701 dividend. This represents a c) annualized dividend and a yield of 8.7%. The ex-dividend date is Monday, June 15th. Neuberger Berman Energy Infrastructure and Income Fund’s dividend payout ratio is presently -227.59%.

Hedge Funds Weigh In On Neuberger Berman Energy Infrastructure and Income Fund

Several large investors have recently added to or reduced their stakes in NML. Northwestern Mutual Wealth Management Co. boosted its stake in Neuberger Berman Energy Infrastructure and Income Fund by 8.1% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 14,762 shares of the investment management company’s stock worth $125,000 after buying an additional 1,112 shares during the last quarter. Monetary Management Group Inc. lifted its holdings in shares of Neuberger Berman Energy Infrastructure and Income Fund by 30.0% during the 2nd quarter. Monetary Management Group Inc. now owns 5,200 shares of the investment management company’s stock worth $47,000 after acquiring an additional 1,200 shares during the period. LPL Financial LLC lifted its holdings in shares of Neuberger Berman Energy Infrastructure and Income Fund by 1.6% during the 4th quarter. LPL Financial LLC now owns 126,112 shares of the investment management company’s stock worth $1,072,000 after acquiring an additional 1,969 shares during the period. Raymond James Financial Inc. boosted its position in shares of Neuberger Berman Energy Infrastructure and Income Fund by 1.6% in the third quarter. Raymond James Financial Inc. now owns 171,739 shares of the investment management company’s stock worth $1,498,000 after acquiring an additional 2,690 shares during the last quarter. Finally, Osaic Holdings Inc. boosted its position in shares of Neuberger Berman Energy Infrastructure and Income Fund by 2.4% in the fourth quarter. Osaic Holdings Inc. now owns 119,284 shares of the investment management company’s stock worth $1,014,000 after acquiring an additional 2,804 shares during the last quarter.

About Neuberger Berman Energy Infrastructure and Income Fund

Neuberger Berman Energy Infrastructure and Income Fund (NYSE American: NML) is a closed-end management investment company focused on generating attractive levels of current income by investing primarily in energy infrastructure companies. The fund’s portfolio is anchored by publicly traded master limited partnerships (MLPs) and other energy-related equity securities, with an emphasis on midstream operators engaged in activities such as crude oil and natural gas gathering, processing, transportation and storage.

Through its core investments in North American energy infrastructure, the fund seeks to capture distribution yields and potential long-term capital appreciation associated with essential oil and gas systems.