Neuberger Berman Energy Infrastructure and Income Fund (NYSEAMERICAN:NML) Share Price Passes Above 50 Day Moving Average – Here’s Why

Neuberger Berman Energy Infrastructure and Income Fund Inc. (NYSEAMERICAN:NML) crossed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $10.12 and traded as high as $10.43. Neuberger Berman Energy Infrastructure and Income Fund shares last traded at $10.33, with a volume of 94,637 shares changing hands.

Neuberger Berman Energy Infrastructure and Income Fund Trading Up 0.7%

The business’s 50-day simple moving average is $10.12 and its two-hundred day simple moving average is $9.73.

Neuberger Berman Energy Infrastructure and Income Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Friday, July 31st. Investors of record on Wednesday, July 15th will be issued a $0.0701 dividend. The ex-dividend date of this dividend is Wednesday, July 15th. This represents a c) annualized dividend and a yield of 8.1%. Neuberger Berman Energy Infrastructure and Income Fund’s dividend payout ratio (DPR) is -227.59%.

Institutional Investors Weigh In On Neuberger Berman Energy Infrastructure and Income Fund

A number of hedge funds and other institutional investors have recently bought and sold shares of NML. Bank of America Corp DE lifted its position in shares of Neuberger Berman Energy Infrastructure and Income Fund by 6.7% during the first quarter. Bank of America Corp DE now owns 3,827,535 shares of the investment management company’s stock worth $40,227,000 after acquiring an additional 240,841 shares in the last quarter. Saba Capital Management L.P. grew its position in shares of Neuberger Berman Energy Infrastructure and Income Fund by 23.1% in the first quarter. Saba Capital Management L.P. now owns 1,743,054 shares of the investment management company’s stock valued at $18,319,000 after purchasing an additional 326,572 shares in the last quarter. UBS Group AG raised its stake in shares of Neuberger Berman Energy Infrastructure and Income Fund by 0.6% during the 4th quarter. UBS Group AG now owns 852,408 shares of the investment management company’s stock valued at $7,245,000 after purchasing an additional 4,775 shares during the period. Ameriprise Financial Inc. lifted its holdings in Neuberger Berman Energy Infrastructure and Income Fund by 27.7% during the 3rd quarter. Ameriprise Financial Inc. now owns 314,819 shares of the investment management company’s stock worth $2,747,000 after purchasing an additional 68,348 shares in the last quarter. Finally, Focus Partners Wealth lifted its holdings in Neuberger Berman Energy Infrastructure and Income Fund by 1,070.6% during the 4th quarter. Focus Partners Wealth now owns 270,370 shares of the investment management company’s stock worth $2,298,000 after purchasing an additional 247,273 shares in 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.