Riverbridge Partners LLC Grows Position in Neuberger Berman Municipal Fund Inc. $NBH

Riverbridge Partners LLC increased its position in shares of Neuberger Berman Municipal Fund Inc. (NYSEAMERICAN:NBH) by 5.2% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 43,887 shares of the company’s stock after buying an additional 2,186 shares during the period. Riverbridge Partners LLC’s holdings in Neuberger Berman Municipal Fund were worth $431,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the company. Alteri Wealth LLC purchased a new position in Neuberger Berman Municipal Fund in the first quarter valued at approximately $136,000. Nuveen LLC acquired a new position in shares of Neuberger Berman Municipal Fund in the 1st quarter valued at $217,000. Integrated Capital Management Inc. boosted its holdings in shares of Neuberger Berman Municipal Fund by 11.0% in 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 in the last quarter. Grant GrossMendelsohn LLC boosted its holdings in shares of Neuberger Berman Municipal Fund by 11.9% in the 1st quarter. Grant GrossMendelsohn LLC now owns 28,198 shares of the company’s stock valued at $286,000 after buying an additional 3,000 shares in the last quarter. Finally, Avior Wealth Management LLC boosted its holdings in shares of Neuberger Berman Municipal Fund by 49.9% in the 1st quarter. Avior Wealth Management LLC now owns 30,178 shares of the company’s stock valued at $314,000 after buying an additional 10,050 shares in the last quarter.

Neuberger Berman Municipal Fund Stock Performance

Shares of Neuberger Berman Municipal Fund stock opened at $10.30 on Friday. The company has a fifty day simple moving average of $10.00 and a 200-day simple moving average of $10.02. Neuberger Berman Municipal Fund Inc. has a 12-month low of $9.47 and a 12-month high of $11.28.

Neuberger Berman Municipal Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th will be issued a $0.0542 dividend. The ex-dividend date is Tuesday, September 30th. This represents a c) annualized dividend and a dividend yield of 6.3%.

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.