Advisors Asset Management Inc. Decreases Stake in Neuberger Berman Energy Infrastructure and Income Fund Inc. $NML

Advisors Asset Management Inc. lessened its stake in Neuberger Berman Energy Infrastructure and Income Fund Inc. (NYSEAMERICAN:NML) by 17.6% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,001,455 shares of the investment management company’s stock after selling 214,634 shares during the period. Advisors Asset Management Inc.’s holdings in Neuberger Berman Energy Infrastructure and Income Fund were worth $8,733,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Monetary Management Group Inc. grew its stake in shares of Neuberger Berman Energy Infrastructure and Income Fund by 30.0% in the 2nd quarter. Monetary Management Group Inc. now owns 5,200 shares of the investment management company’s stock worth $47,000 after buying an additional 1,200 shares during the last quarter. Optimum Investment Advisors grew its position in shares of Neuberger Berman Energy Infrastructure and Income Fund by 1.6% during the third quarter. Optimum Investment Advisors now owns 143,910 shares of the investment management company’s stock worth $1,255,000 after purchasing an additional 2,300 shares in the last quarter. Oppenheimer & Co. Inc. boosted its position in shares of Neuberger Berman Energy Infrastructure and Income Fund by 0.8% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 335,107 shares of the investment management company’s stock valued at $2,922,000 after acquiring an additional 2,595 shares during the last quarter. Cetera Investment Advisers raised its stake in shares of Neuberger Berman Energy Infrastructure and Income Fund by 8.4% in the second quarter. Cetera Investment Advisers now owns 41,991 shares of the investment management company’s stock valued at $378,000 after acquiring an additional 3,261 shares during the period. Finally, Ameritas Advisory Services LLC purchased a new stake in Neuberger Berman Energy Infrastructure and Income Fund in the 2nd quarter valued at about $29,000.

Neuberger Berman Energy Infrastructure and Income Fund Stock Performance

Shares of NML stock opened at $9.74 on Thursday. The stock’s 50-day simple moving average is $8.74 and its 200-day simple moving average is $8.59. Neuberger Berman Energy Infrastructure and Income Fund Inc. has a fifty-two week low of $7.10 and a fifty-two week high of $9.94.

Neuberger Berman Energy Infrastructure and Income Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, February 27th. Stockholders of record on Tuesday, February 17th will be given a dividend of $0.0584 per share. The ex-dividend date of this dividend is Tuesday, February 17th. This represents a c) dividend on an annualized basis and a dividend yield of 7.2%. Neuberger Berman Energy Infrastructure and Income Fund’s dividend payout ratio is currently -227.59%.

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

In other Neuberger Berman Energy Infrastructure and Income Fund news, Portfolio Manager Douglas A. Rachlin acquired 40,000 shares of the stock in a transaction that occurred on Monday, November 17th. The stock was acquired at an average price of $8.55 per share, with a total value of $342,000.00. Following the transaction, the portfolio manager directly owned 418,817 shares in the company, valued at approximately $3,580,885.35. This represents a 10.56% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Neuberger Berman Energy Infrastructure and Income Fund Company Profile

Neuberger Berman Energy Infrastructure and Income Fund (NYSE American: NML) is a closed-end management investment company focused on generating attractive levels of current income by investing primarily in energy infrastructure companies. The fund’s portfolio is anchored by publicly traded master limited partnerships (MLPs) and other energy-related equity securities, with an emphasis on midstream operators engaged in activities such as crude oil and natural gas gathering, processing, transportation and storage.

Through its core investments in North American energy infrastructure, the fund seeks to capture distribution yields and potential long-term capital appreciation associated with essential oil and gas systems.