Closed End Fund Advisors Inc. Acquires New Position in Neuberger Berman Energy Infrastructure and Income Fund Inc. $NML

Closed End Fund Advisors Inc. acquired a new stake in shares of Neuberger Berman Energy Infrastructure and Income Fund Inc. (NYSEAMERICAN:NML) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 118,163 shares of the investment management company’s stock, valued at approximately $1,004,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Northwestern Mutual Wealth Management Co. lifted its holdings in Neuberger Berman Energy Infrastructure and Income Fund by 8.1% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 14,762 shares of the investment management company’s stock valued at $125,000 after buying an additional 1,112 shares in the last quarter. Soltis Investment Advisors LLC bought a new stake in Neuberger Berman Energy Infrastructure and Income Fund during the 4th quarter valued at about $153,000. Cornerstone Wealth Management LLC lifted its holdings in Neuberger Berman Energy Infrastructure and Income Fund by 3.3% during the 4th quarter. Cornerstone Wealth Management LLC now owns 111,311 shares of the investment management company’s stock valued at $946,000 after buying an additional 3,542 shares in the last quarter. Ballast Rock Private Wealth LLC bought a new stake in Neuberger Berman Energy Infrastructure and Income Fund during the 4th quarter valued at about $238,000. Finally, Wolverine Asset Management LLC bought a new stake in Neuberger Berman Energy Infrastructure and Income Fund during the 4th quarter valued at about $1,501,000.

Neuberger Berman Energy Infrastructure and Income Fund Stock Performance

Shares of NML opened at $10.12 on Friday. Neuberger Berman Energy Infrastructure and Income Fund Inc. has a 1-year low of $7.89 and a 1-year high of $10.71. The company has a 50-day moving average of $10.16 and a 200 day moving average of $9.49.

Neuberger Berman Energy Infrastructure and Income Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be issued a dividend of $0.0701 per share. The ex-dividend date is Monday, June 15th. This represents a c) dividend on an annualized basis and a yield of 8.3%. Neuberger Berman Energy Infrastructure and Income Fund’s dividend payout ratio (DPR) is presently -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.