Neuberger Berman Energy Infrastructure and Income Fund (NYSEAMERICAN:NML) Stock Passes Below 200 Day Moving Average – Should You Sell?

Neuberger Berman Energy Infrastructure and Income Fund Inc. (NYSEAMERICAN:NML) passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $8.58 and traded as low as $8.52. Neuberger Berman Energy Infrastructure and Income Fund shares last traded at $8.52, with a volume of 158,650 shares.

Neuberger Berman Energy Infrastructure and Income Fund Trading Down 2.0%

The company’s 50-day moving average is $8.40 and its 200 day moving average is $8.58.

Neuberger Berman Energy Infrastructure and Income Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Monday, December 15th will be given a dividend of $0.0584 per share. The ex-dividend date is Monday, December 15th. This represents a c) dividend on an annualized basis and a dividend yield of 8.2%. Neuberger Berman Energy Infrastructure and Income Fund’s dividend payout ratio (DPR) is -227.59%.

Insider Buying and Selling at Neuberger Berman Energy Infrastructure and Income Fund

In other Neuberger Berman Energy Infrastructure and Income Fund news, Portfolio Manager Douglas A. Rachlin purchased 40,000 shares of Neuberger Berman Energy Infrastructure and Income Fund stock in a transaction that occurred on Monday, November 17th. The stock was bought at an average price of $8.55 per share, with a total value of $342,000.00. Following the acquisition, the portfolio manager owned 418,817 shares of the company’s stock, valued at $3,580,885.35. This trade represents a 10.56% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the business. Cetera Investment Advisers lifted its position in shares of Neuberger Berman Energy Infrastructure and Income Fund by 21.1% during the 1st quarter. Cetera Investment Advisers now owns 38,730 shares of the investment management company’s stock valued at $349,000 after buying an additional 6,761 shares in the last quarter. MGB Wealth Management LLC purchased a new position in Neuberger Berman Energy Infrastructure and Income Fund during the first quarter valued at $134,000. Wolverine Asset Management LLC purchased a new position in Neuberger Berman Energy Infrastructure and Income Fund during the first quarter valued at $1,794,000. Invesco Ltd. grew its position in shares of Neuberger Berman Energy Infrastructure and Income Fund by 42.2% in the first quarter. Invesco Ltd. now owns 44,981 shares of the investment management company’s stock valued at $405,000 after purchasing an additional 13,347 shares during the period. Finally, Walleye Capital LLC increased its stake in shares of Neuberger Berman Energy Infrastructure and Income Fund by 7.3% during the first quarter. Walleye Capital LLC now owns 110,345 shares of the investment management company’s stock worth $993,000 after purchasing an additional 7,519 shares in the last quarter.

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.