IFG Advisory LLC Decreases Stake in Neuberger Berman Energy Infrastructure and Income Fund Inc. $NML

IFG Advisory LLC cut its position in shares of Neuberger Berman Energy Infrastructure and Income Fund Inc. (NYSEAMERICAN:NML) by 48.2% in the third quarter, Holdings Channel.com reports. The institutional investor 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 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Cornerstone Advisors LLC purchased a new stake in shares of Neuberger Berman Energy Infrastructure and Income Fund during the 2nd quarter worth approximately $1,546,000. Adapt Wealth Advisors LLC purchased a new position in shares of Neuberger Berman Energy Infrastructure and Income Fund in the third quarter valued at $129,000. Uhlmann Price Securities LLC increased its position in Neuberger Berman Energy Infrastructure and Income Fund by 4.7% in the third quarter. Uhlmann Price Securities LLC now owns 228,922 shares of the investment management company’s stock worth $1,996,000 after purchasing an additional 10,299 shares during the last quarter. Oppenheimer & Co. Inc. increased its position in Neuberger Berman Energy Infrastructure and Income Fund by 0.8% in the third quarter. Oppenheimer & Co. Inc. now owns 335,107 shares of the investment management company’s stock worth $2,922,000 after purchasing an additional 2,595 shares during the last quarter. Finally, Cornerstone Wealth Management LLC raised its stake in Neuberger Berman Energy Infrastructure and Income Fund by 4.0% during the third quarter. Cornerstone Wealth Management LLC now owns 107,769 shares of the investment management company’s stock valued at $940,000 after purchasing an additional 4,115 shares in the last quarter.

Neuberger Berman Energy Infrastructure and Income Fund Trading Down 0.3%

NML stock opened at $10.18 on Friday. Neuberger Berman Energy Infrastructure and Income Fund Inc. has a 52 week low of $7.10 and a 52 week high of $10.44. The company has a fifty day simple moving average of $9.24 and a two-hundred day simple moving average of $8.74.

Neuberger Berman Energy Infrastructure and Income Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Tuesday, March 31st. Investors of record on Monday, March 16th will be issued 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 (DPR) is presently -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.