City of London Investment Management Co. Ltd. raised its holdings in shares of Neuberger Berman MLP Income Fund Inc (NYSEAMERICAN:NML) by 14.0% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,305,872 shares of the investment management company’s stock after buying an additional 282,992 shares during the period. Neuberger Berman MLP Income Fund comprises 1.3% of City of London Investment Management Co. Ltd.’s portfolio, making the stock its 20th largest holding. City of London Investment Management Co. Ltd.’s holdings in Neuberger Berman MLP Income Fund were worth $18,378,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Regentatlantic Capital LLC increased its holdings in Neuberger Berman MLP Income Fund by 14.0% during the fourth quarter. Regentatlantic Capital LLC now owns 11,590 shares of the investment management company’s stock valued at $78,000 after buying an additional 1,420 shares during the last quarter. Oppenheimer & Co. Inc. boosted its position in shares of Neuberger Berman MLP Income Fund by 27.3% in the first quarter. Oppenheimer & Co. Inc. now owns 30,910 shares of the investment management company’s stock worth $246,000 after purchasing an additional 6,621 shares during the period. Maven Securities LTD bought a new position in shares of Neuberger Berman MLP Income Fund in the fourth quarter worth approximately $2,103,000. Advisors Asset Management Inc. boosted its position in shares of Neuberger Berman MLP Income Fund by 0.4% in the fourth quarter. Advisors Asset Management Inc. now owns 1,755,476 shares of the investment management company’s stock worth $11,744,000 after purchasing an additional 6,572 shares during the period. Finally, Stifel Financial Corp boosted its position in shares of Neuberger Berman MLP Income Fund by 5.1% in the fourth quarter. Stifel Financial Corp now owns 271,532 shares of the investment management company’s stock worth $1,813,000 after purchasing an additional 13,223 shares during the period.

NML opened at $7.48 on Tuesday. Neuberger Berman MLP Income Fund Inc has a 1-year low of $6.06 and a 1-year high of $9.39.

The company also recently declared a monthly dividend, which was paid on Friday, May 31st. Shareholders of record on Wednesday, May 15th were given a $0.055 dividend. The ex-dividend date of this dividend was Tuesday, May 14th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 8.82%. Neuberger Berman MLP Income Fund’s payout ratio is currently -227.59%.

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Neuberger Berman MLP Income Fund Profile

Neuberger Berman MLP 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. Neuberger Berman MLP Income Fund Inc was formed on November 16, 2012 and is domiciled in the United States.

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Institutional Ownership by Quarter for Neuberger Berman MLP Income Fund (NYSEAMERICAN:NML)

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