941,392 Shares in Neuberger Berman Municipal Fund Inc. (NYSEAMERICAN:NBH) Acquired by Mackay Shields LLC

Mackay Shields LLC bought a new stake in shares of Neuberger Berman Municipal Fund Inc. (NYSEAMERICAN:NBH) in the first quarter, HoldingsChannel reports. The institutional investor bought 941,392 shares of the company’s stock, valued at approximately $9,790,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. 1607 Capital Partners LLC boosted its stake in shares of Neuberger Berman Municipal Fund by 38.5% during the fourth quarter. 1607 Capital Partners LLC now owns 1,086,362 shares of the company’s stock valued at $11,244,000 after purchasing an additional 301,844 shares in the last quarter. Advisors Asset Management Inc. lifted its holdings in Neuberger Berman Municipal Fund by 20.7% during the fourth quarter. Advisors Asset Management Inc. now owns 305,582 shares of the company’s stock worth $3,163,000 after buying an additional 52,317 shares during the period. Bulldog Investors LLP boosted its position in Neuberger Berman Municipal Fund by 76.7% during the 4th quarter. Bulldog Investors LLP now owns 276,817 shares of the company’s stock valued at $2,865,000 after acquiring an additional 120,131 shares in the last quarter. Guggenheim Capital LLC increased its holdings in shares of Neuberger Berman Municipal Fund by 225.8% in the 4th quarter. Guggenheim Capital LLC now owns 194,745 shares of the company’s stock valued at $2,016,000 after acquiring an additional 134,974 shares during the period. Finally, Bank of America Corp DE lifted its stake in shares of Neuberger Berman Municipal Fund by 53.7% during the 4th quarter. Bank of America Corp DE now owns 156,117 shares of the company’s stock worth $1,616,000 after purchasing an additional 54,538 shares during the last quarter.

Neuberger Berman Municipal Fund Stock Up 0.1%

Shares of NBH stock opened at $9.91 on Friday. The stock’s 50-day moving average is $9.95 and its 200 day moving average is $10.26. Neuberger Berman Municipal Fund Inc. has a 1-year low of $9.47 and a 1-year high of $11.41.

Neuberger Berman Municipal Fund Announces Dividend

The company also recently disclosed a jul 25 dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th will be given a $0.0542 dividend. This represents a dividend yield of 6.6%. The ex-dividend date of this dividend is Monday, June 30th.

Neuberger Berman Municipal Fund Profile

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.