Advisor Group Holdings Inc. Reduces Position in Neuberger Berman MLP and Energy Income Fund Inc. (NYSEAMERICAN:NML)

Advisor Group Holdings Inc. lessened its holdings in shares of Neuberger Berman MLP and Energy Income Fund Inc. (NYSEAMERICAN:NML) by 14.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 89,522 shares of the investment management company’s stock after selling 14,645 shares during the period. Advisor Group Holdings Inc.’s holdings in Neuberger Berman MLP and Energy Income Fund were worth $448,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Envestnet Asset Management Inc. purchased a new stake in shares of Neuberger Berman MLP and Energy Income Fund in the first quarter valued at approximately $504,000. Aveo Capital Partners LLC purchased a new stake in shares of Neuberger Berman MLP and Energy Income Fund in the first quarter valued at approximately $125,000. Transcend Wealth Collective LLC purchased a new stake in shares of Neuberger Berman MLP and Energy Income Fund in the first quarter valued at approximately $105,000. Mariner Investment Group LLC purchased a new stake in shares of Neuberger Berman MLP and Energy Income Fund in the first quarter valued at approximately $273,000. Finally, Cornerstone Advisors LLC purchased a new stake in shares of Neuberger Berman MLP and Energy Income Fund in the first quarter valued at approximately $4,246,000.

Shares of NYSEAMERICAN:NML opened at $4.91 on Friday. Neuberger Berman MLP and Energy Income Fund Inc. has a 52 week low of $2.30 and a 52 week high of $5.39.

The firm also recently disclosed a monthly dividend, which will be paid on Thursday, September 30th. Investors of record on Wednesday, September 15th will be paid a $0.0163 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 3.98%. The ex-dividend date is Tuesday, September 14th. Neuberger Berman MLP and Energy Income Fund’s dividend payout ratio (DPR) is -227.59%.

In other Neuberger Berman MLP and Energy Income Fund news, Portfolio Manager Douglas A. Rachlin purchased 50,000 shares of Neuberger Berman MLP and Energy Income Fund stock in a transaction dated Wednesday, July 14th. The shares were acquired at an average cost of $4.85 per share, with a total value of $242,500.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Portfolio Manager Douglas A. Rachlin purchased 25,000 shares of Neuberger Berman MLP and Energy Income Fund stock in a transaction dated Friday, July 16th. The shares were acquired at an average cost of $4.74 per share, for a total transaction of $118,500.00. The disclosure for this purchase can be found here.

Neuberger Berman MLP and Energy Income Fund Profile

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.

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Institutional Ownership by Quarter for Neuberger Berman MLP and Energy Income Fund (NYSEAMERICAN:NML)

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