Envestnet Asset Management Inc. Boosts Stake in Neuberger Berman Municipal Fund Inc. (NYSEAMERICAN:NBH)

Envestnet Asset Management Inc. increased its holdings in shares of Neuberger Berman Municipal Fund Inc. (NYSEAMERICAN:NBH) by 5.4% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 117,356 shares of the company’s stock after purchasing an additional 5,992 shares during the quarter. Envestnet Asset Management Inc.’s holdings in Neuberger Berman Municipal Fund were worth $1,221,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of the business. Integrated Capital Management Inc. raised its stake in Neuberger Berman Municipal Fund by 11.0% during the 1st quarter. Integrated Capital Management Inc. now owns 21,520 shares of the company’s stock valued at $224,000 after buying an additional 2,135 shares during the last quarter. Riverbridge Partners LLC grew its holdings in shares of Neuberger Berman Municipal Fund by 7.2% in the first quarter. Riverbridge Partners LLC now owns 41,701 shares of the company’s stock worth $434,000 after acquiring an additional 2,813 shares during the period. Park Avenue Securities LLC increased its position in Neuberger Berman Municipal Fund by 3.7% during the first quarter. Park Avenue Securities LLC now owns 107,404 shares of the company’s stock valued at $1,117,000 after acquiring an additional 3,882 shares during the last quarter. LPL Financial LLC lifted its holdings in Neuberger Berman Municipal Fund by 7.5% in the fourth quarter. LPL Financial LLC now owns 58,182 shares of the company’s stock valued at $602,000 after acquiring an additional 4,060 shares during the period. Finally, Noble Wealth Management PBC boosted its position in Neuberger Berman Municipal Fund by 7.3% in the first quarter. Noble Wealth Management PBC now owns 66,125 shares of the company’s stock worth $688,000 after purchasing an additional 4,500 shares during the last quarter.

Neuberger Berman Municipal Fund Stock Performance

Shares of NBH stock opened at $9.85 on Friday. Neuberger Berman Municipal Fund Inc. has a one year low of $9.47 and a one year high of $11.41. The company’s fifty day moving average price is $9.84 and its 200-day moving average price is $10.14.

Neuberger Berman Municipal Fund Increases Dividend

The business also recently declared a dividend, which will be paid on Friday, August 15th. Shareholders of record on Friday, August 1st will be issued a $0.0542 dividend. The ex-dividend date is Thursday, July 31st. This represents a yield of 669.0%. This is an increase from Neuberger Berman Municipal Fund’s previous dividend of $0.04.

About Neuberger Berman Municipal Fund

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.