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) passed above its fifty day moving average during trading on Wednesday . The stock has a fifty 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 trading hands.

Neuberger Berman Energy Infrastructure and Income Fund Stock Performance

The company’s fifty 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 Announces Dividend

The firm also recently announced 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. This represents a c) dividend on an annualized basis and a dividend yield of 8.1%. The ex-dividend date is Wednesday, July 15th. Neuberger Berman Energy Infrastructure and Income Fund’s dividend payout ratio is currently -227.59%.

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

Hedge funds have recently added to or reduced their stakes in the stock. Saba Capital Management L.P. increased its holdings in Neuberger Berman Energy Infrastructure and Income Fund by 205.3% during the 4th quarter. Saba Capital Management L.P. now owns 1,416,482 shares of the investment management company’s stock worth $12,040,000 after purchasing an additional 952,479 shares in the last quarter. Focus Partners Wealth lifted its position in shares of 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 buying an additional 247,273 shares in the last quarter. Bank of America Corp DE lifted its holdings in 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 during the period. Wolverine Asset Management LLC purchased a new position in shares of Neuberger Berman Energy Infrastructure and Income Fund in the 4th quarter worth about $1,501,000. Finally, NewEdge Advisors LLC grew its position in shares of Neuberger Berman Energy Infrastructure and Income Fund by 249.4% during the 2nd quarter. NewEdge Advisors LLC now owns 167,030 shares of the investment management company’s stock valued at $1,503,000 after acquiring an additional 119,226 shares during the period.

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.