LPL Financial LLC Acquires 16,034 Shares of Neuberger Berman Energy Infrastructure and Income Fund Inc. (NYSEAMERICAN:NML)

LPL Financial LLC increased its stake in shares of Neuberger Berman Energy Infrastructure and Income Fund Inc. (NYSEAMERICAN:NML) by 22.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 86,132 shares of the investment management company’s stock after acquiring an additional 16,034 shares during the quarter. LPL Financial LLC’s holdings in Neuberger Berman Energy Infrastructure and Income Fund were worth $761,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of NML. Truist Financial Corp raised its holdings in Neuberger Berman Energy Infrastructure and Income Fund by 5.5% in the 4th quarter. Truist Financial Corp now owns 25,578 shares of the investment management company’s stock valued at $226,000 after acquiring an additional 1,330 shares in the last quarter. Commonwealth Equity Services LLC increased its position in shares of Neuberger Berman Energy Infrastructure and Income Fund by 188.5% during the fourth quarter. Commonwealth Equity Services LLC now owns 51,362 shares of the investment management company’s stock valued at $454,000 after purchasing an additional 33,560 shares during the period. Oppenheimer & Co. Inc. raised its stake in shares of Neuberger Berman Energy Infrastructure and Income Fund by 13.5% in the fourth quarter. Oppenheimer & Co. Inc. now owns 317,607 shares of the investment management company’s stock valued at $2,804,000 after purchasing an additional 37,886 shares in the last quarter. Raymond James Financial Inc. bought a new position in Neuberger Berman Energy Infrastructure and Income Fund in the fourth quarter worth $1,615,000. Finally, Calamos Advisors LLC boosted its stake in Neuberger Berman Energy Infrastructure and Income Fund by 23.8% during the fourth quarter. Calamos Advisors LLC now owns 49,480 shares of the investment management company’s stock worth $437,000 after buying an additional 9,515 shares in the last quarter.

Neuberger Berman Energy Infrastructure and Income Fund Price Performance

Shares of Neuberger Berman Energy Infrastructure and Income Fund stock opened at $8.23 on Wednesday. Neuberger Berman Energy Infrastructure and Income Fund Inc. has a 52-week low of $7.10 and a 52-week high of $9.51. The company’s fifty day moving average price is $8.70 and its two-hundred day moving average price is $8.58.

Neuberger Berman Energy Infrastructure and Income Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Wednesday, April 30th. Investors of record on Tuesday, April 15th will be paid a $0.0584 dividend. The ex-dividend date of this dividend is Tuesday, April 15th. This represents a $0.70 dividend on an annualized basis and a yield of 8.52%. Neuberger Berman Energy Infrastructure and Income Fund’s payout ratio is currently -227.59%.

Neuberger Berman Energy Infrastructure and Income Fund 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.