Neuberger Berman Municipal Fund Inc. (NYSEAMERICAN:NBH) Shares Sold by Capital Market Strategies LLC

Capital Market Strategies LLC reduced its stake in Neuberger Berman Municipal Fund Inc. (NYSEAMERICAN:NBH) by 33.5% during the 4th quarter, Holdings Channel reports. The fund owned 18,898 shares of the company’s stock after selling 9,500 shares during the quarter. Capital Market Strategies LLC’s holdings in Neuberger Berman Municipal Fund were worth $196,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Walleye Capital LLC purchased a new position in Neuberger Berman Municipal Fund in the third quarter worth approximately $129,000. Avior Wealth Management LLC increased its holdings in Neuberger Berman Municipal Fund by 25.2% in the third quarter. Avior Wealth Management LLC now owns 17,486 shares of the company’s stock valued at $194,000 after buying an additional 3,516 shares during the last quarter. Pathstone Holdings LLC raised its stake in Neuberger Berman Municipal Fund by 234.8% in the third quarter. Pathstone Holdings LLC now owns 352,961 shares of the company’s stock valued at $3,922,000 after buying an additional 247,552 shares in the last quarter. Farther Finance Advisors LLC purchased a new stake in Neuberger Berman Municipal Fund during the 3rd quarter worth about $36,000. Finally, Hennion & Walsh Asset Management Inc. lifted its holdings in Neuberger Berman Municipal Fund by 277.1% during the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 209,064 shares of the company’s stock worth $2,323,000 after buying an additional 153,617 shares during the last quarter.

Neuberger Berman Municipal Fund Trading Down 0.8 %

Shares of NBH traded down $0.08 during mid-day trading on Monday, reaching $10.32. The company’s stock had a trading volume of 92,869 shares, compared to its average volume of 70,862. Neuberger Berman Municipal Fund Inc. has a 12-month low of $10.03 and a 12-month high of $11.41.

Neuberger Berman Municipal Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be paid a $0.0542 dividend. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $0.65 annualized dividend and a yield of 6.30%.

Neuberger Berman Municipal Fund Company Profile

Neuberger Berman Intermediate Municipal Fund Inc is a closed-ended fixed income mutual fund launched and managed by Neuberger Berman LLC. The fund is co-managed by Neuberger Berman Management LLC. It invests in the fixed income markets of the United States. The fund primarily invests in municipal bonds which have income that is exempt from federal income tax and have remaining maturities of less than 15 years.