Neuberger Berman Energy Infrastructure and Income Fund Inc. $NML Shares Sold by Cornerstone Advisors LLC

Cornerstone Advisors LLC reduced its stake in Neuberger Berman Energy Infrastructure and Income Fund Inc. (NYSEAMERICAN:NML) by 60.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 67,877 shares of the investment management company’s stock after selling 103,849 shares during the period. Cornerstone Advisors LLC’s holdings in Neuberger Berman Energy Infrastructure and Income Fund were worth $592,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Monetary Management Group Inc. increased its holdings in Neuberger Berman Energy Infrastructure and Income Fund by 30.0% during the 2nd quarter. Monetary Management Group Inc. now owns 5,200 shares of the investment management company’s stock worth $47,000 after purchasing an additional 1,200 shares during the period. Traub Capital Management LLC acquired a new position in shares of Neuberger Berman Energy Infrastructure and Income Fund during the second quarter worth about $49,000. TT Capital Management LLC purchased a new stake in shares of Neuberger Berman Energy Infrastructure and Income Fund during the second quarter worth approximately $233,000. Quantedge Capital Pte Ltd lifted its stake in Neuberger Berman Energy Infrastructure and Income Fund by 115.9% in the second quarter. Quantedge Capital Pte Ltd now owns 26,261 shares of the investment management company’s stock worth $236,000 after acquiring an additional 14,100 shares during the last quarter. Finally, Cetera Investment Advisers grew its holdings in Neuberger Berman Energy Infrastructure and Income Fund by 8.4% during the 2nd quarter. Cetera Investment Advisers now owns 41,991 shares of the investment management company’s stock worth $378,000 after acquiring an additional 3,261 shares in the last quarter.

Neuberger Berman Energy Infrastructure and Income Fund Price Performance

Shares of NYSEAMERICAN:NML opened at $9.70 on Friday. Neuberger Berman Energy Infrastructure and Income Fund Inc. has a 52 week low of $7.10 and a 52 week high of $9.94. The company’s 50 day moving average is $8.87 and its two-hundred day moving average is $8.63.

Neuberger Berman Energy Infrastructure and Income Fund Announces Dividend

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

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.