Truist Financial Corp trimmed its position in shares of Neuberger Berman MLP and Energy Income Fund Inc. (NYSEAMERICAN:NML – Get Rating) by 16.5% during the third quarter, Holdings Channel.com reports. The fund owned 45,339 shares of the investment management company’s stock after selling 8,970 shares during the quarter. Truist Financial Corp’s holdings in Neuberger Berman MLP and Energy Income Fund were worth $277,000 as of its most recent SEC filing.
A number of other hedge funds have also recently bought and sold shares of NML. Boenning & Scattergood Inc. boosted its holdings in shares of Neuberger Berman MLP and Energy Income Fund by 433.1% in the 3rd quarter. Boenning & Scattergood Inc. now owns 187,663 shares of the investment management company’s stock worth $1,148,000 after buying an additional 152,463 shares during the last quarter. Kingsview Wealth Management LLC purchased a new position in shares of Neuberger Berman MLP and Energy Income Fund in the 2nd quarter worth about $62,000. NewEdge Advisors LLC boosted its holdings in shares of Neuberger Berman MLP and Energy Income Fund by 47.7% in the 2nd quarter. NewEdge Advisors LLC now owns 18,232 shares of the investment management company’s stock worth $109,000 after buying an additional 5,884 shares during the last quarter. Wells Fargo & Company MN boosted its holdings in shares of Neuberger Berman MLP and Energy Income Fund by 4.6% in the 2nd quarter. Wells Fargo & Company MN now owns 396,710 shares of the investment management company’s stock worth $2,380,000 after buying an additional 17,512 shares during the last quarter. Finally, Oppenheimer & Co. Inc. purchased a new position in shares of Neuberger Berman MLP and Energy Income Fund in the 2nd quarter worth about $82,000.
Neuberger Berman MLP and Energy Income Fund Stock Down 1.2 %
Shares of NYSEAMERICAN:NML opened at $7.24 on Friday. Neuberger Berman MLP and Energy Income Fund Inc. has a fifty-two week low of $5.33 and a fifty-two week high of $7.46.
Neuberger Berman MLP and Energy Income Fund Dividend Announcement
The company also recently disclosed a monthly dividend, which will be paid on Tuesday, January 31st. Investors of record on Tuesday, January 17th will be paid a $0.0584 dividend. This represents a $0.70 dividend on an annualized basis and a yield of 9.68%. The ex-dividend date is Friday, January 13th. Neuberger Berman MLP and Energy Income Fund’s dividend payout ratio is currently -227.59%.
Insider Activity at Neuberger Berman MLP and Energy Income Fund
In other news, Portfolio Manager Douglas A. Rachlin acquired 31,536 shares of the stock in a transaction that occurred on Monday, December 12th. The shares were acquired at an average cost of $6.84 per share, for a total transaction of $215,706.24. Following the purchase, the portfolio manager now owns 269,637 shares of the company’s stock, valued at approximately $1,844,317.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, Portfolio Manager Douglas A. Rachlin acquired 31,536 shares of the stock in a transaction that occurred on Monday, December 12th. The shares were acquired at an average cost of $6.84 per share, for a total transaction of $215,706.24. Following the purchase, the portfolio manager now owns 269,637 shares of the company’s stock, valued at approximately $1,844,317.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Portfolio Manager Douglas A. Rachlin purchased 49,900 shares of the firm’s stock in a transaction dated Friday, December 2nd. The shares were bought at an average price of $7.10 per share, for a total transaction of $354,290.00. Following the completion of the transaction, the portfolio manager now owns 238,101 shares of the company’s stock, valued at $1,690,517.10. The disclosure for this purchase can be found here. In the last three months, insiders have bought 87,237 shares of company stock worth $610,327.
About Neuberger Berman MLP and Energy Income Fund
Neuberger Berman MLP Income Fund, Inc is closed-end mutual fund. It seeks total return with an emphasis on cash distributions by investing in master limited partnerships. The company was founded on November 16, 2012 and is headquartered in New York, NY.
Read More
Want to see what other hedge funds are holding NML? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Neuberger Berman MLP and Energy Income Fund Inc. (NYSEAMERICAN:NML – Get Rating).
Receive News & Ratings for Neuberger Berman MLP and Energy Income Fund Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Neuberger Berman MLP and Energy Income Fund and related companies with MarketBeat.com’s FREE daily email newsletter.
Source: news.google.com
