Neuberger Berman Energy Infrastructure and Income Fund (NYSEAMERICAN:NML) Shares Cross Above 200 Day Moving Average – Should You Sell?

Shares of Neuberger Berman Energy Infrastructure and Income Fund Inc. (NYSEAMERICAN:NML) crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred 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 changing hands.

Neuberger Berman Energy Infrastructure and Income Fund Stock Performance

Neuberger Berman Energy Infrastructure and Income Fund Announces Dividend

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

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

Hedge funds and other institutional investors have recently made changes to their positions in the company. Sanctuary Advisors LLC bought a new position in Neuberger Berman Energy Infrastructure and Income Fund during the second quarter valued at about $218,000. Oppenheimer & Co. Inc. boosted its stake in shares of Neuberger Berman Energy Infrastructure and Income Fund by 1.3% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 279,721 shares of the investment management company’s stock worth $2,294,000 after acquiring an additional 3,492 shares in the last quarter. Stifel Financial Corp increased its holdings in shares of Neuberger Berman Energy Infrastructure and Income Fund by 0.4% during the 3rd quarter. Stifel Financial Corp now owns 315,280 shares of the investment management company’s stock valued at $2,585,000 after acquiring an additional 1,171 shares during the last quarter. Kovitz Investment Group Partners LLC bought a new position 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 Neuberger Berman Energy Infrastructure and Income Fund in the 3rd quarter worth 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.