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

Neuberger Berman Energy Infrastructure and Income Fund Inc. (NYSEAMERICAN:NML)’s share price crossed below its 200-day moving average during trading on Friday. The stock has a 200-day moving average of $10.26 and traded as low as $10.15. Neuberger Berman Energy Infrastructure and Income Fund shares last traded at $10.23, with a volume of 78,629 shares.

Neuberger Berman Energy Infrastructure and Income Fund Price Performance

The business’s fifty day moving average price is $10.50 and its two-hundred day moving average price is $10.26.

Neuberger Berman Energy Infrastructure and Income Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be paid a $0.0701 dividend. This represents a $0.84 annualized dividend and a yield of 8.2%. The ex-dividend date is Tuesday, September 15th. Neuberger Berman Energy Infrastructure and Income Fund’s dividend payout ratio (DPR) is -227.59%.

Institutional Trading of Neuberger Berman Energy Infrastructure and Income Fund

Institutional investors have recently made changes to their positions in the business. NewEdge Advisors LLC boosted its holdings in Neuberger Berman Energy Infrastructure and Income Fund by 35.1% in the second quarter. NewEdge Advisors LLC now owns 228,521 shares of the investment management company’s stock worth $2,317,000 after acquiring an additional 59,367 shares in the last quarter. Ameritas Advisory Services LLC purchased a new stake in shares of Neuberger Berman Energy Infrastructure and Income Fund during the second quarter valued at $33,000. Knollwood Investment Advisory LLC increased its position in shares of 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. Western Wealth Management LLC purchased a new position in Neuberger Berman Energy Infrastructure and Income Fund in the 1st quarter worth $39,000. Finally, Bank of America Corp DE lifted its position in Neuberger Berman Energy Infrastructure and Income Fund by 6.7% during the 1st quarter. Bank of America Corp DE now owns 3,827,535 shares of the investment management company’s stock worth $40,227,000 after acquiring an additional 240,841 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.