Neuberger Berman Energy Infrastructure and Income Fund Inc. (NYSEAMERICAN:NML) Shares Sold by Truist Financial Corp

Truist Financial Corp lowered its stake in shares of Neuberger Berman Energy Infrastructure and Income Fund Inc. (NYSEAMERICAN:NML) by 29.1% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 25,064 shares of the investment management company’s stock after selling 10,299 shares during the quarter. Truist Financial Corp’s holdings in Neuberger Berman Energy Infrastructure and Income Fund were worth $201,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in NML. Advisors Asset Management Inc. raised its holdings in shares of Neuberger Berman Energy Infrastructure and Income Fund by 9.1% during the first quarter. Advisors Asset Management Inc. now owns 1,390,917 shares of the investment management company’s stock valued at $10,251,000 after buying an additional 116,299 shares during the last quarter. Raymond James & Associates raised its stake in Neuberger Berman Energy Infrastructure and Income Fund by 59.4% during the 2nd quarter. Raymond James & Associates now owns 168,179 shares of the investment management company’s stock valued at $1,345,000 after acquiring an additional 62,645 shares in the last quarter. Oppenheimer & Co. Inc. boosted its position in Neuberger Berman Energy Infrastructure and Income Fund by 25.3% during the 1st quarter. Oppenheimer & Co. Inc. now owns 268,477 shares of the investment management company’s stock worth $1,979,000 after acquiring an additional 54,136 shares during the period. Choreo LLC bought a new position in shares of Neuberger Berman Energy Infrastructure and Income Fund in the second quarter worth $359,000. Finally, IFG Advisory LLC increased its holdings in shares of Neuberger Berman Energy Infrastructure and Income Fund by 52.3% during the second quarter. IFG Advisory LLC now owns 71,658 shares of the investment management company’s stock valued at $573,000 after purchasing an additional 24,616 shares during the period.

Neuberger Berman Energy Infrastructure and Income Fund Price Performance

Shares of NYSEAMERICAN NML opened at $8.33 on Friday. Neuberger Berman Energy Infrastructure and Income Fund Inc. has a fifty-two week low of $6.30 and a fifty-two week high of $8.59.

Neuberger Berman Energy Infrastructure and Income Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Tuesday, October 15th will be paid a $0.0584 dividend. This represents a $0.70 dividend on an annualized basis and a dividend yield of 8.41%. The ex-dividend date of this dividend is Tuesday, October 15th. Neuberger Berman Energy Infrastructure and Income Fund’s dividend payout ratio is currently -227.59%.

About Neuberger Berman Energy Infrastructure and Income Fund

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.