Neuberger Berman Energy Infrastructure and Income Fund (NYSEAMERICAN:NML) Share Price Passes Above Two Hundred Day Moving Average – Time to Sell?

Neuberger Berman Energy Infrastructure and Income Fund Inc. (NYSEAMERICAN:NML)’s stock price passed 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 trading hands.

Neuberger Berman Energy Infrastructure and Income Fund Stock Up 0.5 %

Neuberger Berman Energy Infrastructure and Income Fund Announces Dividend

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 issued a $0.0584 dividend. This represents a $0.70 annualized dividend and a dividend yield of 7.56%. The ex-dividend date of this dividend is Wednesday, January 15th. Neuberger Berman Energy Infrastructure and Income Fund’s dividend payout ratio is presently -227.59%.

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

Several institutional investors and hedge funds have recently bought and sold shares of the company. Sanctuary Advisors LLC purchased a new stake in Neuberger Berman Energy Infrastructure and Income Fund during the second quarter valued at about $218,000. Oppenheimer & Co. Inc. increased its holdings in shares of Neuberger Berman Energy Infrastructure and Income Fund by 1.3% in the third quarter. Oppenheimer & Co. Inc. now owns 279,721 shares of the investment management company’s stock worth $2,294,000 after buying an additional 3,492 shares during the period. Stifel Financial Corp increased its holdings in shares of Neuberger Berman Energy Infrastructure and Income Fund by 0.4% in the third quarter. Stifel Financial Corp now owns 315,280 shares of the investment management company’s stock worth $2,585,000 after buying an additional 1,171 shares during the period. Kovitz Investment Group Partners LLC purchased a new position in shares of Neuberger Berman Energy Infrastructure and Income Fund in the third quarter worth about $2,659,000. Finally, Penserra Capital Management LLC purchased a new position in shares of Neuberger Berman Energy Infrastructure and Income Fund in the third quarter worth about $4,674,000.

Neuberger Berman Energy Infrastructure and Income Fund Company Profile

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.