Neuberger Berman Energy Infrastructure and Income Fund (NYSEAMERICAN:NML) Shares Cross Above 200 Day Moving Average – What’s Next?

Neuberger Berman Energy Infrastructure and Income Fund Inc. (NYSEAMERICAN:NML)’s share price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $0.00 and traded as high as $9.30. Neuberger Berman Energy Infrastructure and Income Fund shares last traded at $9.27, with a volume of 932,245 shares.

Neuberger Berman Energy Infrastructure and Income Fund Price Performance

Neuberger Berman Energy Infrastructure and Income Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Friday, January 31st. Stockholders of record on Wednesday, January 15th will be paid a dividend of $0.0584 per share. This represents a $0.70 annualized dividend and a dividend yield of 7.56%. The ex-dividend date is Wednesday, January 15th. Neuberger Berman Energy Infrastructure and Income Fund’s payout ratio is -227.59%.

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

A number of hedge funds have recently modified their holdings of NML. Sanctuary Advisors LLC acquired a new stake in Neuberger Berman Energy Infrastructure and Income Fund in the 2nd quarter valued at about $218,000. Oppenheimer & Co. Inc. grew its stake in shares of Neuberger Berman Energy Infrastructure and Income Fund by 1.3% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 279,721 shares of the investment management company’s stock valued at $2,294,000 after purchasing an additional 3,492 shares during the last quarter. Stifel Financial Corp grew its stake in shares of Neuberger Berman Energy Infrastructure and Income Fund by 0.4% in the 3rd quarter. Stifel Financial Corp now owns 315,280 shares of the investment management company’s stock valued at $2,585,000 after purchasing an additional 1,171 shares during the last quarter. Kovitz Investment Group Partners LLC acquired a new stake in shares of Neuberger Berman Energy Infrastructure and Income Fund in the 3rd quarter valued at approximately $2,659,000. Finally, Penserra Capital Management LLC acquired a new stake in shares of Neuberger Berman Energy Infrastructure and Income Fund in the 3rd quarter valued at approximately $4,674,000.

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.