Closed End Fund Advisors Inc. Invests $1 Million in Neuberger Berman Energy Infrastructure and Income Fund Inc. $NML

Closed End Fund Advisors Inc. bought a new position in Neuberger Berman Energy Infrastructure and Income Fund Inc. (NYSEAMERICAN:NML) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 118,163 shares of the investment management company’s stock, valued at approximately $1,004,000.

Several other institutional investors have also recently made changes to their positions in the company. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Neuberger Berman Energy Infrastructure and Income Fund by 8.1% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 14,762 shares of the investment management company’s stock worth $125,000 after acquiring an additional 1,112 shares during the last quarter. Soltis Investment Advisors LLC bought a new stake in shares of Neuberger Berman Energy Infrastructure and Income Fund in the 4th quarter worth about $153,000. Cornerstone Wealth Management LLC lifted its holdings in shares of Neuberger Berman Energy Infrastructure and Income Fund by 3.3% in the 4th quarter. Cornerstone Wealth Management LLC now owns 111,311 shares of the investment management company’s stock worth $946,000 after acquiring an additional 3,542 shares during the last quarter. Ballast Rock Private Wealth LLC bought a new stake in shares of Neuberger Berman Energy Infrastructure and Income Fund in the 4th quarter worth about $238,000. Finally, Wolverine Asset Management LLC bought a new stake in shares of Neuberger Berman Energy Infrastructure and Income Fund in the 4th quarter worth about $1,501,000.

Neuberger Berman Energy Infrastructure and Income Fund Stock Performance

Neuberger Berman Energy Infrastructure and Income Fund stock opened at $10.12 on Friday. The firm has a 50-day moving average price of $10.16 and a 200-day moving average price of $9.49. Neuberger Berman Energy Infrastructure and Income Fund Inc. has a 12-month low of $7.89 and a 12-month high of $10.71.

Neuberger Berman Energy Infrastructure and Income Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be issued a $0.0701 dividend. This represents a c) annualized dividend and a dividend yield of 8.3%. The ex-dividend date is Monday, June 15th. Neuberger Berman Energy Infrastructure and Income Fund’s dividend payout ratio (DPR) is -227.59%.

Neuberger Berman Energy Infrastructure and Income Fund Company Profile

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.