Neuberger Berman Energy Infrastructure and Income Fund (NYSEAMERICAN:NML) Shares Cross Below 200 Day Moving Average – Should You Sell?

Neuberger Berman Energy Infrastructure and Income Fund Inc. (NYSEAMERICAN:NML) shares passed below its two hundred day moving average during trading on Monday. The stock has a two hundred day moving average of $10.25 and traded as low as $10.00. Neuberger Berman Energy Infrastructure and Income Fund shares last traded at $10.10, with a volume of 87,438 shares changing hands.

Neuberger Berman Energy Infrastructure and Income Fund Stock Performance

The company’s 50-day moving average price is $10.43 and its 200-day moving average price is $10.25.

Neuberger Berman Energy Infrastructure and Income Fund Dividend Announcement

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

Institutional Trading of Neuberger Berman Energy Infrastructure and Income Fund

A number of institutional investors have recently bought and sold shares of the business. NewEdge Advisors LLC increased its holdings in shares of Neuberger Berman Energy Infrastructure and Income Fund by 35.1% in the 2nd quarter. NewEdge Advisors LLC now owns 228,521 shares of the investment management company’s stock valued at $2,317,000 after acquiring an additional 59,367 shares during the last quarter. Ameritas Advisory Services LLC acquired a new stake in shares of Neuberger Berman Energy Infrastructure and Income Fund during the 2nd quarter worth about $33,000. Knollwood Investment Advisory LLC raised its position in shares of Neuberger Berman Energy Infrastructure and Income Fund by 2.0% during the 2nd quarter. Knollwood Investment Advisory LLC now owns 79,074 shares of the investment management company’s stock worth $802,000 after acquiring an additional 1,526 shares in the last quarter. Western Wealth Management LLC acquired a new stake in shares of Neuberger Berman Energy Infrastructure and Income Fund during the 1st quarter worth about $39,000. Finally, Bank of America Corp DE lifted its stake in Neuberger Berman Energy Infrastructure and Income Fund by 6.7% during the first quarter. Bank of America Corp DE now owns 3,827,535 shares of the investment management company’s stock worth $40,227,000 after purchasing an additional 240,841 shares during the last quarter.

Neuberger Berman Energy Infrastructure and Income Fund Company Profile

Neuberger Berman Energy Infrastructure and Income Fund (NYSE American: NML) is a closed-end investment fund managed by Neuberger Berman. The fund seeks to provide current income and long-term total return by investing primarily in companies involved in energy infrastructure and related activities.

Its portfolio may include master limited partnerships, limited liability companies, corporations and other publicly traded securities associated with the transportation, storage, processing and distribution of energy commodities.