1607 Capital Partners LLC Reduces Position in Neuberger Berman Municipal Fund Inc. $NBH

1607 Capital Partners LLC decreased its holdings in shares of Neuberger Berman Municipal Fund Inc. (NYSEAMERICAN:NBH) by 4.4% during the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,083,929 shares of the company’s stock after selling 49,821 shares during the quarter. 1607 Capital Partners LLC’s holdings in Neuberger Berman Municipal Fund were worth $11,186,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Nomura Holdings Inc. purchased a new stake in shares of Neuberger Berman Municipal Fund during the second quarter valued at $98,000. Osaic Holdings Inc. increased its stake in Neuberger Berman Municipal Fund by 14.0% in the 2nd quarter. Osaic Holdings Inc. now owns 15,102 shares of the company’s stock worth $148,000 after buying an additional 1,859 shares during the period. WESCAP Management Group Inc. purchased a new position in Neuberger Berman Municipal Fund in the 3rd quarter worth about $432,000. Balyasny Asset Management L.P. bought a new stake in Neuberger Berman Municipal Fund during the 2nd quarter valued at about $455,000. Finally, Riverbridge Partners LLC boosted its position in Neuberger Berman Municipal Fund by 51.5% in the 3rd quarter. Riverbridge Partners LLC now owns 66,506 shares of the company’s stock valued at $686,000 after buying an additional 22,619 shares during the period.

Neuberger Berman Municipal Fund Stock Performance

Shares of NBH stock opened at $10.26 on Friday. The company’s 50-day simple moving average is $10.42 and its two-hundred day simple moving average is $10.31. Neuberger Berman Municipal Fund Inc. has a one year low of $9.47 and a one year high of $10.64.

Neuberger Berman Municipal Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, March 16th. Investors of record on Friday, February 27th will be issued a $0.0542 dividend. The ex-dividend date of this dividend is Friday, February 27th. This represents a c) dividend on an annualized basis and a dividend yield of 6.3%.

About Neuberger Berman Municipal Fund

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.