Stifel Financial Corp Sells 3,568 Shares of Neuberger Berman Municipal Fund Inc. (NYSEAMERICAN:NBH)

Stifel Financial Corp lessened its position in Neuberger Berman Municipal Fund Inc. (NYSEAMERICAN:NBH) by 22.8% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 12,090 shares of the company’s stock after selling 3,568 shares during the period. Stifel Financial Corp’s holdings in Neuberger Berman Municipal Fund were worth $134,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the company. Pathstone Holdings LLC raised its holdings in Neuberger Berman Municipal Fund by 234.8% in the 3rd quarter. Pathstone Holdings LLC now owns 352,961 shares of the company’s stock worth $3,922,000 after purchasing an additional 247,552 shares in the last quarter. Whitebox Advisors LLC increased its position in shares of Neuberger Berman Municipal Fund by 167.6% during the second quarter. Whitebox Advisors LLC now owns 249,474 shares of the company’s stock valued at $2,664,000 after buying an additional 156,249 shares during the period. Van ECK Associates Corp raised its stake in Neuberger Berman Municipal Fund by 4.9% in the second quarter. Van ECK Associates Corp now owns 244,200 shares of the company’s stock worth $2,608,000 after buying an additional 11,485 shares in the last quarter. Hennion & Walsh Asset Management Inc. lifted its holdings in Neuberger Berman Municipal Fund by 277.1% in the third 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 period. Finally, Sanctuary Advisors LLC bought a new stake in Neuberger Berman Municipal Fund during the 2nd quarter valued at approximately $667,000.

Neuberger Berman Municipal Fund Price Performance

NBH stock opened at $10.22 on Tuesday. Neuberger Berman Municipal Fund Inc. has a fifty-two week low of $10.03 and a fifty-two 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. Stockholders of record on Tuesday, December 31st will be given a $0.0542 dividend. The ex-dividend date is Tuesday, December 31st. This represents a $0.65 dividend on an annualized basis and a dividend yield of 6.36%.

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.