Prevail Innovative Wealth Advisors LLC Purchases Shares of 144,613 Neuberger Berman Energy Infrastructure and Income Fund Inc. (NYSEAMERICAN:NML)

Prevail Innovative Wealth Advisors LLC acquired a new stake in shares of 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 Securities and Exchange Commission. The firm acquired 144,613 shares of the investment management company’s stock, valued at approximately $1,277,000.

Several other hedge funds also recently made changes to their positions in the business. Optimum Investment Advisors raised its position in shares of Neuberger Berman Energy Infrastructure and Income Fund by 0.8% during the fourth quarter. Optimum Investment Advisors now owns 136,610 shares of the investment management company’s stock worth $1,206,000 after purchasing an additional 1,120 shares during the period. Stifel Financial Corp increased its stake in Neuberger Berman Energy Infrastructure and Income Fund by 0.4% in the 3rd quarter. Stifel Financial Corp now owns 315,280 shares of the investment management company’s stock worth $2,585,000 after purchasing an additional 1,171 shares in the last quarter. Truist Financial Corp raised its holdings in Neuberger Berman Energy Infrastructure and Income Fund by 5.5% during the 4th quarter. Truist Financial Corp now owns 25,578 shares of the investment management company’s stock worth $226,000 after buying an additional 1,330 shares during the period. Cornerstone Wealth Management LLC raised its holdings in shares of Neuberger Berman Energy Infrastructure and Income Fund by 10.1% during the fourth quarter. Cornerstone Wealth Management LLC now owns 86,768 shares of the investment management company’s stock valued at $766,000 after acquiring an additional 7,942 shares during the period. Finally, Calamos Advisors LLC lifted its holdings in shares of Neuberger Berman Energy Infrastructure and Income Fund by 23.8% in the fourth quarter. Calamos Advisors LLC now owns 49,480 shares of the investment management company’s stock valued at $437,000 after purchasing an additional 9,515 shares in the last quarter.

Neuberger Berman Energy Infrastructure and Income Fund Price Performance

Shares of NYSEAMERICAN NML opened at $9.03 on Friday. Neuberger Berman Energy Infrastructure and Income Fund Inc. has a one year low of $6.98 and a one year high of $9.51. The business’s 50-day simple moving average is $9.01.

Neuberger Berman Energy Infrastructure and Income Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 17th will be issued a dividend of $0.0584 per share. This represents a $0.70 annualized dividend and a dividend yield of 7.76%. The ex-dividend date of this dividend is Monday, March 17th. 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.