IFG Advisory LLC Lowers Position in Neuberger Berman Energy Infrastructure and Income Fund Inc. $NML

IFG Advisory LLC lessened its stake in shares of Neuberger Berman Energy Infrastructure and Income Fund Inc. (NYSEAMERICAN:NML) by 48.2% in the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 80,072 shares of the investment management company’s stock after selling 74,535 shares during the period. IFG Advisory LLC’s holdings in Neuberger Berman Energy Infrastructure and Income Fund were worth $698,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of NML. Cetera Investment Advisers lifted its position in shares of Neuberger Berman Energy Infrastructure and Income Fund by 8.4% during the 2nd quarter. Cetera Investment Advisers now owns 41,991 shares of the investment management company’s stock valued at $378,000 after buying an additional 3,261 shares in the last quarter. Cornerstone Advisors LLC bought a new position in shares of Neuberger Berman Energy Infrastructure and Income Fund during the 2nd quarter valued at approximately $1,546,000. Traub Capital Management LLC purchased a new stake in Neuberger Berman Energy Infrastructure and Income Fund in the 2nd quarter worth approximately $49,000. Invesco Ltd. increased its holdings in 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 worth $776,000 after acquiring an additional 41,205 shares in the last quarter. Finally, Walleye Capital LLC raised its stake in Neuberger Berman Energy Infrastructure and Income Fund by 6.8% during the 2nd quarter. Walleye Capital LLC now owns 117,840 shares of the investment management company’s stock worth $1,061,000 after acquiring an additional 7,495 shares during the period.

Neuberger Berman Energy Infrastructure and Income Fund Stock Performance

NYSEAMERICAN NML opened at $10.18 on Friday. Neuberger Berman Energy Infrastructure and Income Fund Inc. has a 12 month low of $7.10 and a 12 month high of $10.44. The company’s 50 day moving average is $9.24 and its two-hundred day moving average is $8.74.

Neuberger Berman Energy Infrastructure and Income Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Monday, March 16th will be paid a $0.0584 dividend. The ex-dividend date of this dividend is Monday, March 16th. This represents a c) dividend on an annualized basis and a dividend yield of 6.9%. Neuberger Berman Energy Infrastructure and Income Fund’s dividend payout ratio is -227.59%.

About Neuberger Berman Energy Infrastructure and Income Fund

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.