LPL Financial LLC Boosts Stake in Neuberger Berman Municipal Fund Inc. (NYSEAMERICAN:NBH)

LPL Financial LLC grew its stake in Neuberger Berman Municipal Fund Inc. (NYSEAMERICAN:NBH) by 7.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 58,182 shares of the company’s stock after acquiring an additional 4,060 shares during the quarter. LPL Financial LLC’s holdings in Neuberger Berman Municipal Fund were worth $602,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Advisors Asset Management Inc. boosted its stake in Neuberger Berman Municipal Fund by 20.7% in the fourth quarter. Advisors Asset Management Inc. now owns 305,582 shares of the company’s stock valued at $3,163,000 after acquiring an additional 52,317 shares in the last quarter. Van ECK Associates Corp boosted its position in shares of Neuberger Berman Municipal Fund by 15.1% in the 4th quarter. Van ECK Associates Corp now owns 247,838 shares of the company’s stock worth $2,565,000 after purchasing an additional 32,493 shares in the last quarter. Hennion & Walsh Asset Management Inc. grew its stake in Neuberger Berman Municipal Fund by 8.3% during the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 226,394 shares of the company’s stock worth $2,343,000 after buying an additional 17,330 shares during the last quarter. Park Avenue Securities LLC increased its position in Neuberger Berman Municipal Fund by 2.5% during the 4th quarter. Park Avenue Securities LLC now owns 103,522 shares of the company’s stock valued at $1,071,000 after buying an additional 2,554 shares in the last quarter. Finally, Raymond James Financial Inc. purchased a new stake in Neuberger Berman Municipal Fund in the fourth quarter valued at about $1,061,000.

Neuberger Berman Municipal Fund Stock Performance

Shares of NBH stock opened at $9.88 on Thursday. Neuberger Berman Municipal Fund Inc. has a fifty-two week low of $9.47 and a fifty-two week high of $11.41. The stock’s 50-day simple moving average is $10.35 and its 200-day simple moving average is $10.46.

Neuberger Berman Municipal Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Wednesday, April 30th will be given a dividend of $0.0542 per share. This represents a $0.65 annualized dividend and a yield of 6.58%. The ex-dividend date of this dividend is Wednesday, April 30th.

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.