Neuberger Berman Energy Infrastructure and Income Fund (NYSEAMERICAN:NML) Shares Pass Below Two Hundred Day Moving Average – Here’s Why

Neuberger Berman Energy Infrastructure and Income Fund Inc. (NYSEAMERICAN:NML) shares passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $8.58 and traded as low as $8.52. Neuberger Berman Energy Infrastructure and Income Fund shares last traded at $8.52, with a volume of 158,650 shares changing hands.

Neuberger Berman Energy Infrastructure and Income Fund Price Performance

The company’s 50-day moving average is $8.40 and its 200 day moving average is $8.58.

Neuberger Berman Energy Infrastructure and Income Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Monday, December 15th will be paid a dividend of $0.0584 per share. This represents a c) annualized dividend and a dividend yield of 8.2%. The ex-dividend date is Monday, December 15th. Neuberger Berman Energy Infrastructure and Income Fund’s payout ratio is presently -227.59%.

Insider Buying and Selling at Neuberger Berman Energy Infrastructure and Income Fund

In other news, Portfolio Manager Douglas A. Rachlin bought 40,000 shares of Neuberger Berman Energy Infrastructure and Income Fund stock in a transaction that occurred on Monday, November 17th. The stock was bought at an average price of $8.55 per share, for a total transaction of $342,000.00. Following the purchase, the portfolio manager directly owned 418,817 shares of the company’s stock, valued at approximately $3,580,885.35. The trade was a 10.56% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Wolverine Asset Management LLC boosted its holdings in Neuberger Berman Energy Infrastructure and Income Fund by 108.0% in the second quarter. Wolverine Asset Management LLC now owns 414,695 shares of the investment management company’s stock valued at $3,732,000 after purchasing an additional 215,348 shares during the last quarter. Cornerstone Advisors LLC purchased a new stake in shares of Neuberger Berman Energy Infrastructure and Income Fund in the second quarter worth about $1,546,000. Advisors Asset Management Inc. grew its holdings in Neuberger Berman Energy Infrastructure and Income Fund by 16.1% during the first quarter. Advisors Asset Management Inc. now owns 1,229,519 shares of the investment management company’s stock worth $11,066,000 after acquiring an additional 170,873 shares during the period. Bank of America Corp DE raised its position in Neuberger Berman Energy Infrastructure and Income Fund by 4.0% during the third quarter. Bank of America Corp DE now owns 3,227,379 shares of the investment management company’s stock valued at $28,143,000 after acquiring an additional 123,066 shares in the last quarter. Finally, Polar Asset Management Partners Inc. acquired a new position in Neuberger Berman Energy Infrastructure and Income Fund in the first quarter valued at approximately $1,081,000.

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.