HighTower Advisors LLC Sells 7,671 Shares of Neuberger Berman Energy Infrastructure and Income Fund Inc. (NYSEAMERICAN:NML)

HighTower Advisors LLC trimmed its holdings in Neuberger Berman Energy Infrastructure and Income Fund Inc. (NYSEAMERICAN:NML) by 15.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 41,494 shares of the investment management company’s stock after selling 7,671 shares during the quarter. HighTower Advisors LLC’s holdings in Neuberger Berman Energy Infrastructure and Income Fund were worth $366,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the stock. Truist Financial Corp grew its holdings 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 worth $226,000 after purchasing an additional 1,330 shares during the last quarter. Calamos Advisors LLC grew its stake in Neuberger Berman Energy Infrastructure and Income Fund by 23.8% during the 4th quarter. Calamos Advisors LLC now owns 49,480 shares of the investment management company’s stock worth $437,000 after buying an additional 9,515 shares during the last quarter. Cornerstone Wealth Management LLC increased its holdings in shares of Neuberger Berman Energy Infrastructure and Income Fund by 10.1% during the fourth quarter. Cornerstone Wealth Management LLC now owns 86,768 shares of the investment management company’s stock valued at $766,000 after acquiring an additional 7,942 shares in the last quarter. Raymond James Financial Inc. purchased a new position in shares of Neuberger Berman Energy Infrastructure and Income Fund in the fourth quarter worth $1,615,000. Finally, Stifel Financial Corp lifted its position in Neuberger Berman Energy Infrastructure and Income Fund by 0.4% during the 3rd quarter. Stifel Financial Corp now owns 315,280 shares of the investment management company’s stock worth $2,585,000 after acquiring an additional 1,171 shares during the period.

Neuberger Berman Energy Infrastructure and Income Fund Price Performance

Shares of Neuberger Berman Energy Infrastructure and Income Fund stock opened at $9.00 on Tuesday. Neuberger Berman Energy Infrastructure and Income Fund Inc. has a fifty-two week low of $6.98 and a fifty-two week high of $9.51. The stock has a 50-day moving average price of $9.01.

Neuberger Berman Energy Infrastructure and Income Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 17th were issued a $0.0584 dividend. The ex-dividend date was Monday, March 17th. This represents a $0.70 dividend on an annualized basis and a yield of 7.79%. Neuberger Berman Energy Infrastructure and Income Fund’s payout ratio is -227.59%.

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.