Neuberger Berman Energy Infrastructure and Income Fund (NYSEAMERICAN:NML) Share Price Passes Below Fifty Day Moving Average – Should You Sell?

Neuberger Berman Energy Infrastructure and Income Fund Inc. (NYSEAMERICAN:NML)’s share price crossed below its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $10.09 and traded as low as $9.48. Neuberger Berman Energy Infrastructure and Income Fund shares last traded at $9.68, with a volume of 152,032 shares traded.

Neuberger Berman Energy Infrastructure and Income Fund Trading Down 0.1%

The business’s fifty day moving average price is $10.08 and its 200 day moving average price is $9.62.

Neuberger Berman Energy Infrastructure and Income Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be issued a $0.0701 dividend. The ex-dividend date is Monday, June 15th. This represents a c) dividend on an annualized basis and a yield of 8.6%. Neuberger Berman Energy Infrastructure and Income Fund’s dividend payout ratio (DPR) is presently -227.59%.

Institutional Investors Weigh In On Neuberger Berman Energy Infrastructure and Income Fund

Institutional investors have recently bought and sold shares of the business. Closed End Fund Advisors Inc. bought a new position in Neuberger Berman Energy Infrastructure and Income Fund in the fourth quarter worth about $1,004,000. Wolverine Asset Management LLC bought a new position in shares of Neuberger Berman Energy Infrastructure and Income Fund during the fourth quarter valued at approximately $1,501,000. Uhlmann Price Securities LLC raised its position in shares of Neuberger Berman Energy Infrastructure and Income Fund by 2.9% during the 1st quarter. Uhlmann Price Securities LLC now owns 239,902 shares of the investment management company’s stock worth $2,521,000 after purchasing an additional 6,804 shares during the period. J. Derek Lewis & Associates Inc. bought a new stake in shares of Neuberger Berman Energy Infrastructure and Income Fund in the 4th quarter worth approximately $182,000. Finally, Monetary Management Group Inc. lifted its holdings in shares of Neuberger Berman Energy Infrastructure and Income Fund by 27.3% in the 4th quarter. Monetary Management Group Inc. now owns 7,000 shares of the investment management company’s stock worth $60,000 after purchasing an additional 1,500 shares during the last quarter.

About Neuberger Berman Energy Infrastructure and Income Fund

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.