Invesco Ltd. Sells 9,825 Shares of Neuberger Berman Municipal Fund Inc. (NYSEAMERICAN:NBH)

Invesco Ltd. decreased its position in Neuberger Berman Municipal Fund Inc. (NYSEAMERICAN:NBH) by 10.9% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 80,122 shares of the company’s stock after selling 9,825 shares during the period. Invesco Ltd.’s holdings in Neuberger Berman Municipal Fund were worth $829,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Global Retirement Partners LLC purchased a new position in Neuberger Berman Municipal Fund during the fourth quarter valued at approximately $25,000. Atala Financial Inc bought a new stake in Neuberger Berman Municipal Fund during the fourth quarter valued at about $67,000. Wolverine Asset Management LLC purchased a new position in Neuberger Berman Municipal Fund in the fourth quarter valued at about $91,000. Uniting Wealth Partners LLC acquired a new position in shares of Neuberger Berman Municipal Fund during the fourth quarter worth $105,000. Finally, Conrad Siegel Investment Advisors Inc. purchased a new stake in shares of Neuberger Berman Municipal Fund during the 4th quarter valued at $132,000.

Neuberger Berman Municipal Fund Stock Performance

Shares of NBH stock opened at $10.16 on Friday. Neuberger Berman Municipal Fund Inc. has a 1-year low of $9.47 and a 1-year high of $11.41. The stock’s fifty day moving average price is $10.27 and its 200 day moving average price is $10.44.

Neuberger Berman Municipal Fund Announces Dividend

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 6.40%. The ex-dividend date of this dividend is Wednesday, April 30th.

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.