Polar Asset Management Partners Inc. Makes New Investment in Neuberger Berman Energy Infrastructure and Income Fund Inc. $NML

Polar Asset Management Partners Inc. bought a new position in shares of Neuberger Berman Energy Infrastructure and Income Fund Inc. (NYSEAMERICAN:NML) during the first quarter, HoldingsChannel.com reports. The firm bought 120,127 shares of the investment management company’s stock, valued at approximately $1,081,000.

A number of other institutional investors have also added to or reduced their stakes in NML. Bank of America Corp DE grew its holdings in Neuberger Berman Energy Infrastructure and Income Fund by 14.6% during the 4th quarter. Bank of America Corp DE now owns 3,177,782 shares of the investment management company’s stock valued at $28,060,000 after buying an additional 404,242 shares in the last quarter. Wolverine Asset Management LLC purchased a new stake in Neuberger Berman Energy Infrastructure and Income Fund during the 1st quarter valued at approximately $1,794,000. Advisors Asset Management Inc. grew its holdings in Neuberger Berman Energy Infrastructure and Income Fund by 16.1% during the 1st quarter. Advisors Asset Management Inc. now owns 1,229,519 shares of the investment management company’s stock valued at $11,066,000 after buying an additional 170,873 shares in the last quarter. IFG Advisory LLC grew its holdings in Neuberger Berman Energy Infrastructure and Income Fund by 41.4% during the 1st quarter. IFG Advisory LLC now owns 140,081 shares of the investment management company’s stock valued at $1,261,000 after buying an additional 40,989 shares in the last quarter. Finally, Prevail Innovative Wealth Advisors LLC grew its holdings in Neuberger Berman Energy Infrastructure and Income Fund by 12.5% during the 1st quarter. Prevail Innovative Wealth Advisors LLC now owns 162,677 shares of the investment management company’s stock valued at $1,464,000 after buying an additional 18,064 shares in the last quarter.

Neuberger Berman Energy Infrastructure and Income Fund Stock Down 0.1%

Shares of NML opened at $8.62 on Friday. Neuberger Berman Energy Infrastructure and Income Fund Inc. has a 1 year low of $7.10 and a 1 year high of $9.51. The company has a 50 day simple moving average of $8.68 and a two-hundred day simple moving average of $8.67.

Neuberger Berman Energy Infrastructure and Income Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Tuesday, September 30th. Investors of record on Monday, September 15th will be issued a $0.0584 dividend. The ex-dividend date of this dividend is Monday, September 15th. This represents a c) dividend on an annualized basis and a dividend yield of 8.1%. Neuberger Berman Energy Infrastructure and Income Fund’s dividend payout ratio (DPR) is -227.59%.

Neuberger Berman Energy Infrastructure and Income Fund Company Profile

Neuberger Berman Energy Infrastructure and Income Fund Inc is a closed ended fund of fund launched and managed by Neuberger Berman Management LLC. It is co-managed by Neuberger Berman LLC. The fund invests in the public equity markets. It primarily invests in master limited partnerships and limited liability companies.