Neuberger Berman Energy Infrastructure and Income Fund (NYSEAMERICAN:NML) Share Price Passes Above 200 Day Moving Average – Here’s What Happened

Neuberger Berman Energy Infrastructure and Income Fund Inc. (NYSEAMERICAN:NML) shares passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $0.00 and traded as high as $9.22. Neuberger Berman Energy Infrastructure and Income Fund shares last traded at $9.16, with a volume of 117,944 shares changing hands.

Neuberger Berman Energy Infrastructure and Income Fund Price Performance

Neuberger Berman Energy Infrastructure and Income Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Friday, February 28th. Shareholders of record on Tuesday, February 18th will be issued a $0.0584 dividend. This represents a $0.70 dividend on an annualized basis and a yield of 7.65%. The ex-dividend date of this dividend is Tuesday, February 18th. Neuberger Berman Energy Infrastructure and Income Fund’s payout ratio is -227.59%.

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

A number of hedge funds have recently added to or reduced their stakes in NML. Centric Wealth Management purchased a new stake in shares of Neuberger Berman Energy Infrastructure and Income Fund during the fourth quarter worth $93,000. Comerica Bank grew its position in shares of Neuberger Berman Energy Infrastructure and Income Fund by 16.2% in the 4th quarter. Comerica Bank now owns 12,762 shares of the investment management company’s stock worth $113,000 after buying an additional 1,775 shares during the period. Mark Sheptoff Financial Planning LLC bought a new position in shares of Neuberger Berman Energy Infrastructure and Income Fund during the fourth quarter valued at $144,000. Sanctuary Advisors LLC bought a new stake in Neuberger Berman Energy Infrastructure and Income Fund in the 2nd quarter worth about $218,000. Finally, Truist Financial Corp grew its stake in shares of Neuberger Berman Energy Infrastructure and Income Fund by 5.5% during the 4th 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 period.

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.