Choreo LLC Cuts Holdings in Neuberger Berman Energy Infrastructure and Income Fund Inc. (NYSEAMERICAN:NML)

Choreo LLC lessened its stake in Neuberger Berman Energy Infrastructure and Income Fund Inc. (NYSEAMERICAN:NML) by 59.2% in the fourth quarter, Holdings Channel reports. The fund owned 18,309 shares of the investment management company’s stock after selling 26,618 shares during the quarter. Choreo LLC’s holdings in Neuberger Berman Energy Infrastructure and Income Fund were worth $162,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Penserra Capital Management LLC acquired a new stake in Neuberger Berman Energy Infrastructure and Income Fund during the third quarter valued at approximately $4,674,000. Kovitz Investment Group Partners LLC acquired a new stake in shares of Neuberger Berman Energy Infrastructure and Income Fund in the 3rd quarter worth approximately $2,659,000. Stifel Financial Corp raised its position in Neuberger Berman Energy Infrastructure and Income Fund by 0.4% in the third quarter. Stifel Financial Corp now owns 315,280 shares of the investment management company’s stock worth $2,585,000 after acquiring an additional 1,171 shares in the last quarter. Oppenheimer & Co. Inc. increased its holdings in shares of Neuberger Berman Energy Infrastructure and Income Fund by 1.3% in the third quarter. Oppenheimer & Co. Inc. now owns 279,721 shares of the investment management company’s stock valued at $2,294,000 after buying an additional 3,492 shares in the last quarter. Finally, Cornerstone Wealth Management LLC raised its holdings in Neuberger Berman Energy Infrastructure and Income Fund by 10.1% during the 4th quarter. Cornerstone Wealth Management LLC now owns 86,768 shares of the investment management company’s stock worth $766,000 after buying an additional 7,942 shares during the period.

Neuberger Berman Energy Infrastructure and Income Fund Stock Performance

Shares of NYSEAMERICAN:NML opened at $9.16 on Friday. Neuberger Berman Energy Infrastructure and Income Fund Inc. has a 12-month low of $6.46 and a 12-month high of $9.51.

Neuberger Berman Energy Infrastructure and Income Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, February 28th. Investors of record on Tuesday, February 18th will be given a dividend of $0.0584 per share. The ex-dividend date of this dividend is Tuesday, February 18th. This represents a $0.70 dividend on an annualized basis and a yield of 7.65%. Neuberger Berman Energy Infrastructure and Income Fund’s payout ratio is -227.59%.

Neuberger Berman Energy Infrastructure and Income Fund Company Profile

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.