Neuberger Berman Energy Infrastructure and Income Fund (NYSEAMERICAN:NML) Shares Cross Above 50 Day Moving Average – Time to Sell?

Neuberger Berman Energy Infrastructure and Income Fund Inc. (NYSEAMERICAN:NML) shares crossed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $9.60 and traded as high as $10.23. Neuberger Berman Energy Infrastructure and Income Fund shares last traded at $10.18, with a volume of 223,925 shares changing hands.

Neuberger Berman Energy Infrastructure and Income Fund Price Performance

The firm’s 50-day simple moving average is $9.60 and its 200 day simple moving average is $8.86.

Neuberger Berman Energy Infrastructure and Income Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Monday, March 16th will be paid a dividend of $0.0584 per share. The ex-dividend date is Monday, March 16th. This represents a c) annualized dividend and a dividend yield of 6.9%. Neuberger Berman Energy Infrastructure and Income Fund’s dividend payout ratio (DPR) is presently -227.59%.

Hedge Funds Weigh In On Neuberger Berman Energy Infrastructure and Income Fund

Institutional investors have recently bought and sold shares of the company. J. Derek Lewis & Associates Inc. bought a new position in Neuberger Berman Energy Infrastructure and Income Fund during the fourth quarter valued at $182,000. Rockefeller Capital Management L.P. lifted its position in shares of Neuberger Berman Energy Infrastructure and Income Fund by 56.1% during the 4th quarter. Rockefeller Capital Management L.P. now owns 56,205 shares of the investment management company’s stock valued at $478,000 after buying an additional 20,205 shares during the last quarter. Invesco Ltd. lifted its position in shares of Neuberger Berman Energy Infrastructure and Income Fund by 62.3% during the 4th quarter. Invesco Ltd. now owns 229,887 shares of the investment management company’s stock valued at $1,954,000 after buying an additional 88,253 shares during the last quarter. NewEdge Advisors LLC grew its stake in shares of Neuberger Berman Energy Infrastructure and Income Fund by 2.4% during the 4th quarter. NewEdge Advisors LLC now owns 179,828 shares of the investment management company’s stock worth $1,529,000 after acquiring an additional 4,206 shares during the period. Finally, Saba Capital Management L.P. grew its stake in shares of Neuberger Berman Energy Infrastructure and Income Fund by 205.3% during the 4th quarter. Saba Capital Management L.P. now owns 1,416,482 shares of the investment management company’s stock worth $12,040,000 after acquiring an additional 952,479 shares during the period.

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.