Neuberger Berman Energy Infrastructure and Income Fund (NYSEAMERICAN:NML) Shares Pass Above 50 Day Moving Average – What’s Next?

Shares of Neuberger Berman Energy Infrastructure and Income Fund Inc. (NYSEAMERICAN:NML) passed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $10.12 and traded as high as $10.43. Neuberger Berman Energy Infrastructure and Income Fund shares last traded at $10.33, with a volume of 94,637 shares trading hands.

Neuberger Berman Energy Infrastructure and Income Fund Stock Performance

The business’s 50 day simple moving average is $10.12 and its 200-day simple moving average is $9.75.

Neuberger Berman Energy Infrastructure and Income Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Friday, July 31st. Investors of record on Wednesday, July 15th will be given a dividend of $0.0701 per share. The ex-dividend date is Wednesday, July 15th. This represents a c) annualized dividend and a dividend yield of 8.1%. Neuberger Berman Energy Infrastructure and Income Fund’s dividend payout ratio (DPR) is currently -227.59%.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Cetera Investment Advisers lifted its stake in Neuberger Berman Energy Infrastructure and Income Fund by 8.4% during the second quarter. Cetera Investment Advisers now owns 41,991 shares of the investment management company’s stock worth $378,000 after purchasing an additional 3,261 shares during the last quarter. Invesco Ltd. boosted its holdings in shares of Neuberger Berman Energy Infrastructure and Income Fund by 91.6% in the 2nd quarter. Invesco Ltd. now owns 86,186 shares of the investment management company’s stock valued at $776,000 after purchasing an additional 41,205 shares in the last quarter. NewEdge Advisors LLC increased its stake in shares of Neuberger Berman Energy Infrastructure and Income Fund by 249.4% in the 2nd quarter. NewEdge Advisors LLC now owns 167,030 shares of the investment management company’s stock valued at $1,503,000 after purchasing an additional 119,226 shares during the last quarter. Ameriprise Financial Inc. increased its stake in shares of Neuberger Berman Energy Infrastructure and Income Fund by 8.2% in the 2nd quarter. Ameriprise Financial Inc. now owns 246,471 shares of the investment management company’s stock valued at $2,218,000 after purchasing an additional 18,747 shares during the last quarter. Finally, Monetary Management Group Inc. raised its holdings in shares of 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 buying an additional 1,200 shares in the last quarter.

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.