Neuberger Berman Energy Infrastructure and Income Fund (NYSEAMERICAN:NML) Share Price Crosses Above 50-Day Moving Average – Time to Sell?

Neuberger Berman Energy Infrastructure and Income Fund Inc. (NYSEAMERICAN:NML)’s stock price passed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $10.13 and traded as high as $10.40. Neuberger Berman Energy Infrastructure and Income Fund shares last traded at $10.30, with a volume of 111,489 shares changing hands.

Neuberger Berman Energy Infrastructure and Income Fund Trading Up 0.8%

The stock’s fifty day moving average price is $10.13 and its two-hundred day moving average price is $9.82.

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. Shareholders of record on Wednesday, July 15th will be paid a dividend of $0.0701 per share. The ex-dividend date is Wednesday, July 15th. This represents a c) annualized dividend and a yield of 8.2%. Neuberger Berman Energy Infrastructure and Income Fund’s dividend payout ratio is presently -227.59%.

Institutional Investors Weigh In On Neuberger Berman Energy Infrastructure and Income Fund

A number of large investors have recently modified their holdings of the business. Cetera Investment Advisers raised its holdings in shares of Neuberger Berman Energy Infrastructure and Income Fund by 8.4% during the 2nd quarter. Cetera Investment Advisers now owns 41,991 shares of the investment management company’s stock worth $378,000 after buying an additional 3,261 shares in the last quarter. Invesco Ltd. lifted its holdings in shares of Neuberger Berman Energy Infrastructure and Income Fund by 91.6% in the second quarter. Invesco Ltd. now owns 86,186 shares of the investment management company’s stock worth $776,000 after acquiring an additional 41,205 shares during the last quarter. NewEdge Advisors LLC lifted its holdings in shares of Neuberger Berman Energy Infrastructure and Income Fund by 249.4% in the second quarter. NewEdge Advisors LLC now owns 167,030 shares of the investment management company’s stock worth $1,503,000 after acquiring an additional 119,226 shares during the last quarter. Ameriprise Financial Inc. boosted its stake in shares of Neuberger Berman Energy Infrastructure and Income Fund by 8.2% in the 2nd quarter. Ameriprise Financial Inc. now owns 246,471 shares of the investment management company’s stock valued at $2,218,000 after purchasing an additional 18,747 shares in the last quarter. Finally, Monetary Management Group Inc. boosted its stake in shares of Neuberger Berman Energy Infrastructure and Income Fund by 30.0% in the 2nd quarter. Monetary Management Group Inc. now owns 5,200 shares of the investment management company’s stock valued at $47,000 after purchasing an additional 1,200 shares in the last quarter.

Neuberger Berman Energy Infrastructure and Income Fund Company Profile

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.