Riverbridge Partners LLC Buys New Holdings in Neuberger Berman Municipal Fund Inc. (NYSEAMERICAN:NBH)

Riverbridge Partners LLC purchased a new position in Neuberger Berman Municipal Fund Inc. (NYSEAMERICAN:NBH) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 38,888 shares of the company’s stock, valued at approximately $402,000.

A number of other hedge funds have also recently added to or reduced their stakes in NBH. Integrated Capital Management Inc. lifted its holdings in shares of Neuberger Berman Municipal Fund by 7.8% in the fourth quarter. Integrated Capital Management Inc. now owns 19,385 shares of the company’s stock valued at $201,000 after purchasing an additional 1,399 shares in the last quarter. Park Avenue Securities LLC increased its position in shares of Neuberger Berman Municipal Fund by 2.5% during the fourth quarter. Park Avenue Securities LLC now owns 103,522 shares of the company’s stock valued at $1,071,000 after acquiring an additional 2,554 shares during the last quarter. Farther Finance Advisors LLC bought a new stake in Neuberger Berman Municipal Fund during the third quarter worth $36,000. Avior Wealth Management LLC boosted its position 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 worth $194,000 after purchasing an additional 3,516 shares during the last quarter. Finally, Walleye Capital LLC bought a new position in Neuberger Berman Municipal Fund in the 3rd quarter valued at $129,000.

Neuberger Berman Municipal Fund Price Performance

NYSEAMERICAN:NBH opened at $10.54 on Friday. 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 Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Tuesday, February 18th. Shareholders of record on Friday, January 31st will be given a dividend of $0.0542 per share. The ex-dividend date of this dividend is Friday, January 31st. This represents a $0.65 dividend on an annualized basis and a yield of 6.17%.

About Neuberger Berman Municipal Fund

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.