Wolverine Asset Management LLC Takes Position in Neuberger Berman Energy Infrastructure and Income Fund Inc. $NML

Wolverine Asset Management LLC bought a new stake in Neuberger Berman Energy Infrastructure and Income Fund Inc. (NYSEAMERICAN:NML) during the fourth quarter, according to its most recent disclosure with the SEC. The firm bought 176,628 shares of the investment management company’s stock, valued at approximately $1,501,000.

A number of other hedge funds have also recently modified their holdings of NML. Bank of America Corp DE grew its position in shares of Neuberger Berman Energy Infrastructure and Income Fund by 4.0% in the 3rd quarter. Bank of America Corp DE now owns 3,227,379 shares of the investment management company’s stock valued at $28,143,000 after buying an additional 123,066 shares during the last quarter. NewEdge Advisors LLC grew its position in shares of Neuberger Berman Energy Infrastructure and Income Fund by 249.4% in the 2nd quarter. NewEdge Advisors LLC now owns 167,030 shares of the investment management company’s stock valued at $1,503,000 after buying an additional 119,226 shares during the last quarter. Ameriprise Financial Inc. grew its position in shares of 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 buying an additional 68,348 shares during the last quarter. Legacy Advisors LLC purchased a new position in shares of Neuberger Berman Energy Infrastructure and Income Fund in the 3rd quarter valued at $436,000. Finally, Invesco Ltd. grew its position in shares of Neuberger Berman Energy Infrastructure and Income Fund by 91.6% in the 2nd quarter. Invesco Ltd. now owns 86,186 shares of the investment management company’s stock valued at $776,000 after buying an additional 41,205 shares during the last quarter.

Neuberger Berman Energy Infrastructure and Income Fund Stock Up 0.2%

NYSEAMERICAN NML opened at $10.43 on Wednesday. The firm’s fifty day moving average price is $10.12 and its 200 day moving average price is $9.18. 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 declared a monthly dividend, which will be paid on Friday, May 29th. Investors of record on Friday, May 15th will be paid a dividend of $0.0701 per share. This represents a c) dividend on an annualized basis and a yield of 8.1%. The ex-dividend date is Friday, May 15th. Neuberger Berman Energy Infrastructure and Income Fund’s dividend payout ratio (DPR) is currently -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.