Neuberger Berman Municipal Fund (NYSEAMERICAN:NBH) Trading Down 1.4% – Here’s Why

Shares of Neuberger Berman Municipal Fund Inc. (NYSEAMERICAN:NBHGet Free Report) fell 1.4% during mid-day trading on Monday . The stock traded as low as $10.13 and last traded at $10.17. 84,104 shares were traded during trading, a decline of 13% from the average session volume of 96,650 shares. The stock had previously closed at $10.31.

Neuberger Berman Municipal Fund Stock Down 1.4%

The stock’s 50 day moving average is $10.21 and its two-hundred day moving average is $10.29.

Neuberger Berman Municipal Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Monday, June 15th. Investors of record on Friday, May 29th will be paid a $0.0542 dividend. The ex-dividend date of this dividend is Friday, May 29th. This represents a c) dividend on an annualized basis and a yield of 6.4%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of NBH. Pathstone Holdings LLC lifted its stake in Neuberger Berman Municipal Fund by 14.2% in the 3rd quarter. Pathstone Holdings LLC now owns 1,411,760 shares of the company’s stock valued at $14,569,000 after buying an additional 175,923 shares in the last quarter. Advisors Asset Management Inc. lifted its stake in Neuberger Berman Municipal Fund by 30.9% in the 4th quarter. Advisors Asset Management Inc. now owns 737,420 shares of the company’s stock valued at $7,463,000 after buying an additional 174,032 shares in the last quarter. Worthington Financial Partners LLC purchased a new position in Neuberger Berman Municipal Fund in the 4th quarter valued at about $1,445,000. Rivernorth Capital Management LLC lifted its stake in Neuberger Berman Municipal Fund by 15.0% in the 4th quarter. Rivernorth Capital Management LLC now owns 932,084 shares of the company’s stock valued at $9,433,000 after buying an additional 121,226 shares in the last quarter. Finally, Fiera Capital Corp lifted its stake in Neuberger Berman Municipal Fund by 65.2% in the 4th quarter. Fiera Capital Corp now owns 287,691 shares of the company’s stock valued at $2,911,000 after buying an additional 113,534 shares in the last quarter.

About Neuberger Berman Municipal Fund

(Get Free Report)

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.

See Also

Receive News & Ratings for Neuberger Berman Municipal Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Neuberger Berman Municipal Fund and related companies with MarketBeat.com's FREE daily email newsletter.