Neuberger Berman Energy Infrastructure and Income Fund (NYSEAMERICAN:NML) Stock Crosses Above Two Hundred Day Moving Average – Should You Sell?

Shares of Neuberger Berman Energy Infrastructure and Income Fund Inc. (NYSEAMERICAN:NML) 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 $9.22. Neuberger Berman Energy Infrastructure and Income Fund shares last traded at $9.16, with a volume of 117,944 shares changing hands.

Neuberger Berman Energy Infrastructure and Income Fund Price Performance

Neuberger Berman Energy Infrastructure and Income Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Friday, February 28th. Investors of record on Tuesday, February 18th will be given a dividend of $0.0584 per share. The ex-dividend date of this dividend is Tuesday, February 18th. This represents a $0.70 dividend on an annualized basis and a yield of 7.65%. Neuberger Berman Energy Infrastructure and Income Fund’s dividend payout ratio (DPR) is -227.59%.

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

Large investors have recently modified their holdings of the stock. Centric Wealth Management acquired a new stake in Neuberger Berman Energy Infrastructure and Income Fund during the 4th quarter valued at $93,000. Comerica Bank grew its stake in shares of Neuberger Berman Energy Infrastructure and Income Fund by 16.2% during the fourth quarter. Comerica Bank now owns 12,762 shares of the investment management company’s stock valued at $113,000 after acquiring an additional 1,775 shares in the last quarter. Mark Sheptoff Financial Planning LLC purchased a new stake in shares of Neuberger Berman Energy Infrastructure and Income Fund during the fourth quarter worth about $144,000. Sanctuary Advisors LLC acquired a new position in shares of Neuberger Berman Energy Infrastructure and Income Fund in the second quarter worth about $218,000. Finally, Truist Financial Corp boosted its holdings in Neuberger Berman Energy Infrastructure and Income Fund by 5.5% in the fourth quarter. Truist Financial Corp now owns 25,578 shares of the investment management company’s stock valued at $226,000 after purchasing an additional 1,330 shares during the last quarter.

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.