Neuberger Berman Municipal Fund Inc. (NYSEAMERICAN:NBH) Stock Position Reduced by HighTower Advisors LLC

HighTower Advisors LLC trimmed its position in Neuberger Berman Municipal Fund Inc. (NYSEAMERICAN:NBH) by 29.5% in the third quarter, Holdings Channel.com reports. The fund owned 32,820 shares of the company’s stock after selling 13,763 shares during the period. HighTower Advisors LLC’s holdings in Neuberger Berman Municipal Fund were worth $364,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also made changes to their positions in the company. Farther Finance Advisors LLC bought a new position in Neuberger Berman Municipal Fund during the third quarter worth $36,000. Ashton Thomas Private Wealth LLC bought a new position in shares of Neuberger Berman Municipal Fund in the 2nd quarter worth about $91,000. Walleye Capital LLC bought a new stake in shares of Neuberger Berman Municipal Fund during the 3rd quarter valued at about $129,000. Avior Wealth Management LLC grew its position in shares of Neuberger Berman Municipal Fund by 25.2% during the 3rd 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. Finally, NINE MASTS CAPITAL Ltd raised its stake in Neuberger Berman Municipal Fund by 114.1% during the second quarter. NINE MASTS CAPITAL Ltd now owns 36,298 shares of the company’s stock worth $388,000 after acquiring an additional 19,348 shares during the period.

Neuberger Berman Municipal Fund Stock Down 0.4 %

Shares of NYSEAMERICAN NBH opened at $10.34 on Monday. Neuberger Berman Municipal Fund Inc. has a 52-week low of $10.03 and a 52-week 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. Investors of record on Tuesday, December 31st will be issued a $0.0542 dividend. This represents a $0.65 annualized dividend and a dividend yield of 6.29%. The ex-dividend date is Tuesday, December 31st.

Neuberger Berman Municipal Fund 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.