Neuberger Berman Energy Infrastructure and Income Fund (NYSEAMERICAN:NML) Stock Breaks Below 200 Day Moving Average – Here’s What Happened

Shares of Neuberger Berman Energy Infrastructure and Income Fund Inc. (NYSEAMERICAN:NML) passed below its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of $10.26 and traded as low as $10.11. Neuberger Berman Energy Infrastructure and Income Fund shares last traded at $10.23, with a volume of 127,360 shares trading hands.

Neuberger Berman Energy Infrastructure and Income Fund Stock Performance

The stock has a fifty day moving average of $10.44 and a 200 day moving average of $10.26.

Neuberger Berman Energy Infrastructure and Income Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, October 30th. Shareholders of record on Thursday, October 15th will be paid a dividend of $0.0701 per share. This represents a $0.84 annualized dividend and a yield of 8.2%. The ex-dividend date is Thursday, October 15th. Neuberger Berman Energy Infrastructure and Income Fund’s payout ratio is presently -227.59%.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Knollwood Investment Advisory LLC grew its stake in Neuberger Berman Energy Infrastructure and Income Fund by 2.0% in the 2nd quarter. Knollwood Investment Advisory LLC now owns 79,074 shares of the investment management company’s stock valued at $802,000 after acquiring an additional 1,526 shares during the period. Ameritas Advisory Services LLC acquired a new position in Neuberger Berman Energy Infrastructure and Income Fund during the second quarter worth $33,000. Western Wealth Management LLC purchased a new position in Neuberger Berman Energy Infrastructure and Income Fund during the first quarter valued at $39,000. Quantedge Capital Pte Ltd grew its position in shares of Neuberger Berman Energy Infrastructure and Income Fund by 29.4% in the first quarter. Quantedge Capital Pte Ltd now owns 26,861 shares of the investment management company’s stock valued at $282,000 after purchasing an additional 6,100 shares during the period. Finally, Uhlmann Price Securities LLC grew its position in shares of Neuberger Berman Energy Infrastructure and Income Fund by 2.9% in the first quarter. Uhlmann Price Securities LLC now owns 239,902 shares of the investment management company’s stock valued at $2,521,000 after purchasing an additional 6,804 shares during the period.

Neuberger Berman Energy Infrastructure and Income Fund Company Profile

Neuberger Berman Energy Infrastructure and Income Fund, Inc is a closed-end investment fund listed on the NYSE American under the ticker NML. The fund seeks to provide current income and long-term total return by investing in companies involved in energy infrastructure and related activities.

Its portfolio may include master limited partnerships, corporations, and other publicly traded entities that own or operate infrastructure used to transport, store, process, and produce energy commodities.