Cary Street Partners Financial LLC Invests $97,000 in Neuberger Berman Energy Infrastructure and Income Fund Inc. (NYSEAMERICAN:NML)

Cary Street Partners Financial LLC acquired a new position in shares of Neuberger Berman Energy Infrastructure and Income Fund Inc. (NYSEAMERICAN:NML) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 10,959 shares of the investment management company’s stock, valued at approximately $97,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of NML. Bank of America Corp DE increased its position in shares of Neuberger Berman Energy Infrastructure and Income Fund by 14.6% in the fourth quarter. Bank of America Corp DE now owns 3,177,782 shares of the investment management company’s stock valued at $28,060,000 after acquiring an additional 404,242 shares during the last quarter. Oppenheimer & Co. Inc. grew its stake in Neuberger Berman Energy Infrastructure and Income Fund by 13.5% in the fourth quarter. Oppenheimer & Co. Inc. now owns 317,607 shares of the investment management company’s stock valued at $2,804,000 after purchasing an additional 37,886 shares in the last quarter. Raymond James Financial Inc. bought a new position in Neuberger Berman Energy Infrastructure and Income Fund in the fourth quarter valued at approximately $1,615,000. Prevail Innovative Wealth Advisors LLC acquired a new position in shares of Neuberger Berman Energy Infrastructure and Income Fund during the 4th quarter worth approximately $1,277,000. Finally, Optimum Investment Advisors raised its stake in shares of Neuberger Berman Energy Infrastructure and Income Fund by 0.8% during the 4th quarter. Optimum Investment Advisors now owns 136,610 shares of the investment management company’s stock worth $1,206,000 after purchasing an additional 1,120 shares in the last quarter.

Neuberger Berman Energy Infrastructure and Income Fund Price Performance

NYSEAMERICAN:NML opened at $8.54 on Monday. Neuberger Berman Energy Infrastructure and Income Fund Inc. has a 1-year low of $7.10 and a 1-year high of $9.51. The firm has a fifty day simple moving average of $8.53 and a 200 day simple moving average of $8.59.

Neuberger Berman Energy Infrastructure and Income Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, May 30th. Stockholders of record on Thursday, May 15th will be paid a dividend of $0.0584 per share. The ex-dividend date is Thursday, May 15th. This represents a $0.70 annualized dividend and a dividend yield of 8.21%. Neuberger Berman Energy Infrastructure and Income Fund’s dividend payout ratio is presently -227.59%.

Neuberger Berman Energy Infrastructure and Income Fund Company Profile

Neuberger Berman Energy Infrastructure and 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.