Neuberger Berman Energy Infrastructure and Income Fund (NYSEAMERICAN:NML) Shares Pass Below 50-Day Moving Average – Here’s Why

Neuberger Berman Energy Infrastructure and Income Fund Inc. (NYSEAMERICAN:NML)’s share price crossed below its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $10.09 and traded as low as $9.48. Neuberger Berman Energy Infrastructure and Income Fund shares last traded at $9.68, with a volume of 152,032 shares traded.

Neuberger Berman Energy Infrastructure and Income Fund Stock Up 0.9%

The business has a 50 day moving average of $10.09 and a 200-day moving average of $9.61.

Neuberger Berman Energy Infrastructure and Income Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be issued a $0.0701 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 8.7%. The ex-dividend date of this dividend is Monday, June 15th. Neuberger Berman Energy Infrastructure and Income Fund’s payout ratio is -227.59%.

Institutional Trading of Neuberger Berman Energy Infrastructure and Income Fund

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