Advisors Asset Management Inc. Buys 101,693 Shares of Neuberger Berman Municipal Fund Inc. $NBH

Advisors Asset Management Inc. raised its stake in Neuberger Berman Municipal Fund Inc. (NYSEAMERICAN:NBH) by 22.0% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 563,388 shares of the company’s stock after purchasing an additional 101,693 shares during the period. Advisors Asset Management Inc.’s holdings in Neuberger Berman Municipal Fund were worth $5,814,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Nomura Holdings Inc. bought a new position in shares of Neuberger Berman Municipal Fund during the 2nd quarter worth about $98,000. Osaic Holdings Inc. grew its position in Neuberger Berman Municipal Fund by 14.0% during the second quarter. Osaic Holdings Inc. now owns 15,102 shares of the company’s stock worth $148,000 after buying an additional 1,859 shares in the last quarter. Wolverine Asset Management LLC bought a new position in Neuberger Berman Municipal Fund during the second quarter valued at about $273,000. WESCAP Management Group Inc. bought a new position in Neuberger Berman Municipal Fund during the third quarter valued at about $432,000. Finally, Balyasny Asset Management L.P. acquired a new position in Neuberger Berman Municipal Fund in the 2nd quarter valued at approximately $455,000.

Neuberger Berman Municipal Fund Stock Performance

Shares of NBH stock opened at $10.60 on Friday. Neuberger Berman Municipal Fund Inc. has a 12 month low of $9.47 and a 12 month high of $10.82. The stock has a 50 day moving average of $10.31 and a two-hundred day moving average of $10.22.

Neuberger Berman Municipal Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Tuesday, February 17th. Investors of record on Friday, January 30th will be given a $0.0542 dividend. This represents a c) annualized dividend and a yield of 6.1%. The ex-dividend date of this dividend is Friday, January 30th.

Neuberger Berman Municipal Fund Company Profile

Neuberger Berman Municipal Fund (NYSE American: NBH) is a closed-end investment company that seeks to provide shareholders with tax‐exempt income by investing primarily in a diversified portfolio of municipal securities. Managed by Neuberger Berman Management LLC, the fund focuses on high‐quality state and local government obligations, including general obligation bonds, revenue bonds and essential‐purpose debt issued by U.S. municipalities and related entities.

The fund’s portfolio construction emphasizes broad geographic diversification across the United States, targeting sectors such as transportation, education, healthcare and utilities.