Ameriprise Financial Inc. Has $461,000 Holdings in Neuberger Berman Municipal Fund Inc. (NYSEAMERICAN:NBH)

Ameriprise Financial Inc. cut its holdings in shares of Neuberger Berman Municipal Fund Inc. (NYSEAMERICAN:NBH) by 9.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 44,535 shares of the company’s stock after selling 4,646 shares during the period. Ameriprise Financial Inc.’s holdings in Neuberger Berman Municipal Fund were worth $461,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Global Retirement Partners LLC bought a new stake in Neuberger Berman Municipal Fund during the 4th quarter worth approximately $25,000. Atala Financial Inc bought a new position in Neuberger Berman Municipal Fund in the 4th quarter valued at $67,000. Wolverine Asset Management LLC bought a new position in Neuberger Berman Municipal Fund in the 4th quarter valued at $91,000. Uniting Wealth Partners LLC bought a new position in Neuberger Berman Municipal Fund in the 4th quarter valued at $105,000. Finally, Landscape Capital Management L.L.C. bought a new position in Neuberger Berman Municipal Fund in the 4th quarter valued at $141,000.

Neuberger Berman Municipal Fund Trading Up 0.4%

Shares of NBH opened at $9.83 on Thursday. The business’s fifty day moving average price is $10.01 and its two-hundred day moving average price is $10.38. Neuberger Berman Municipal Fund Inc. has a 52 week low of $9.47 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 Monday, June 16th. Stockholders of record on Friday, May 30th will be given a $0.0542 dividend. The ex-dividend date of this dividend is Friday, May 30th. This represents a $0.65 annualized dividend and a dividend yield of 6.61%.

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.