Advisors Asset Management Inc. Purchases 102,102 Shares of Neuberger Berman Municipal Fund Inc. $NBH

Advisors Asset Management Inc. boosted its position in Neuberger Berman Municipal Fund Inc. (NYSEAMERICAN:NBH) by 28.4% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 461,695 shares of the company’s stock after purchasing an additional 102,102 shares during the period. Advisors Asset Management Inc.’s holdings in Neuberger Berman Municipal Fund were worth $4,538,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of NBH. Envestnet Asset Management Inc. boosted its stake in shares of Neuberger Berman Municipal Fund by 5.4% in the 1st quarter. Envestnet Asset Management Inc. now owns 117,356 shares of the company’s stock worth $1,221,000 after buying an additional 5,992 shares during the last quarter. Ackerman Capital Advisors LLC lifted its holdings in Neuberger Berman Municipal Fund by 11.3% during the first quarter. Ackerman Capital Advisors LLC now owns 89,576 shares of the company’s stock worth $932,000 after acquiring an additional 9,094 shares during the period. Nuveen LLC purchased a new position in Neuberger Berman Municipal Fund in the first quarter worth $217,000. 1607 Capital Partners LLC boosted its position in Neuberger Berman Municipal Fund by 6.2% in the first quarter. 1607 Capital Partners LLC now owns 1,153,319 shares of the company’s stock worth $11,995,000 after purchasing an additional 66,957 shares during the last quarter. Finally, Plancorp LLC bought a new position in Neuberger Berman Municipal Fund in the 1st quarter valued at $416,000.

Neuberger Berman Municipal Fund Stock Up 0.5%

Shares of Neuberger Berman Municipal Fund stock opened at $10.25 on Friday. Neuberger Berman Municipal Fund Inc. has a 1 year low of $9.47 and a 1 year high of $10.94. The stock has a fifty day moving average price of $10.31 and a 200-day moving average price of $10.05.

Neuberger Berman Municipal Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Monday, December 15th. Investors of record on Friday, November 28th will be issued a dividend of $0.0542 per share. This represents a c) dividend on an annualized basis and a yield of 6.3%. The ex-dividend date is Friday, November 28th.

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.