Saba Capital Management L.P. Grows Position in Neuberger Berman Energy Infrastructure and Income Fund Inc. $NML

Saba Capital Management L.P. boosted its position in shares of Neuberger Berman Energy Infrastructure and Income Fund Inc. (NYSEAMERICAN:NML) by 23.1% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 1,743,054 shares of the investment management company’s stock after acquiring an additional 326,572 shares during the quarter. Saba Capital Management L.P.’s holdings in Neuberger Berman Energy Infrastructure and Income Fund were worth $18,319,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Bank of America Corp DE grew its position in shares of Neuberger Berman Energy Infrastructure and Income Fund by 4.0% during the third quarter. Bank of America Corp DE now owns 3,227,379 shares of the investment management company’s stock worth $28,143,000 after acquiring an additional 123,066 shares during the last quarter. UBS Group AG increased its holdings in shares of Neuberger Berman Energy Infrastructure and Income Fund by 0.6% in the 4th quarter. UBS Group AG now owns 852,408 shares of the investment management company’s stock valued at $7,245,000 after acquiring an additional 4,775 shares during the period. Ameriprise Financial Inc. raised its position in Neuberger Berman Energy Infrastructure and Income Fund by 27.7% in the 3rd quarter. Ameriprise Financial Inc. now owns 314,819 shares of the investment management company’s stock valued at $2,747,000 after purchasing an additional 68,348 shares during the last quarter. Focus Partners Wealth raised its position in Neuberger Berman Energy Infrastructure and Income Fund by 1,070.6% in the 4th quarter. Focus Partners Wealth now owns 270,370 shares of the investment management company’s stock valued at $2,298,000 after purchasing an additional 247,273 shares during the last quarter. Finally, Polar Asset Management Partners Inc. boosted its stake in Neuberger Berman Energy Infrastructure and Income Fund by 1.2% during the 3rd quarter. Polar Asset Management Partners Inc. now owns 253,740 shares of the investment management company’s stock worth $2,213,000 after purchasing an additional 3,092 shares during the period.

Neuberger Berman Energy Infrastructure and Income Fund Trading Down 4.1%

Shares of NYSEAMERICAN:NML opened at $10.28 on Tuesday. Neuberger Berman Energy Infrastructure and Income Fund Inc. has a 1-year low of $7.89 and a 1-year high of $10.95. The firm has a fifty day moving average price of $10.15 and a 200 day moving average price of $9.91.

Neuberger Berman Energy Infrastructure and Income Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, July 31st. Stockholders of record on Wednesday, July 15th will be issued a $0.0701 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 8.2%. The ex-dividend date of this dividend is Wednesday, July 15th. Neuberger Berman Energy Infrastructure and Income Fund’s dividend payout ratio is presently -227.59%.

About Neuberger Berman Energy Infrastructure and Income Fund

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.