Neuberger Berman Municipal Fund Inc. (NYSEAMERICAN:NBH – Get Free Report) major shareholder Of America Corp /De/ Bank acquired 3,200 shares of the company’s stock in a transaction that occurred on Wednesday, May 20th. The shares were bought at an average price of $10.26 per share, for a total transaction of $32,832.00. Following the completion of the acquisition, the insider owned 3,200 shares of the company’s stock, valued at $32,832. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Major shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.
Neuberger Berman Municipal Fund Price Performance
NYSEAMERICAN NBH traded up $0.04 on Friday, reaching $10.29. The company had a trading volume of 26,989 shares, compared to its average volume of 94,804. Neuberger Berman Municipal Fund Inc. has a 1-year low of $9.69 and a 1-year high of $10.64. The company’s fifty day moving average is $10.21 and its 200-day moving average is $10.29.
Neuberger Berman Municipal Fund Announces Dividend
The company also recently declared a monthly dividend, which will be paid on Monday, June 15th. Stockholders of record on Friday, May 29th will be issued a $0.0542 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 6.3%. The ex-dividend date is Friday, May 29th.
Institutional Investors Weigh In On Neuberger Berman Municipal Fund
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.
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