Insider Buying: Neuberger Berman Municipal Fund (NYSEAMERICAN:NBH) Major Shareholder Purchases $32,832.00 in Stock

Neuberger Berman Municipal Fund Inc. (NYSEAMERICAN:NBHGet 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

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Bank of America Corp DE boosted its position in Neuberger Berman Municipal Fund by 19.8% during the 1st quarter. Bank of America Corp DE now owns 102,431 shares of the company’s stock worth $1,040,000 after acquiring an additional 16,962 shares during the last quarter. Hollencrest Capital Management raised its holdings in shares of Neuberger Berman Municipal Fund by 32.8% in the first quarter. Hollencrest Capital Management now owns 9,687 shares of the company’s stock valued at $98,000 after purchasing an additional 2,392 shares during the last quarter. Bank of New York Mellon Corp lifted its position in shares of Neuberger Berman Municipal Fund by 14.6% in the first quarter. Bank of New York Mellon Corp now owns 22,036 shares of the company’s stock worth $224,000 after purchasing an additional 2,804 shares in the last quarter. Kestra Advisory Services LLC lifted its position in shares of Neuberger Berman Municipal Fund by 7.9% in the first quarter. Kestra Advisory Services LLC now owns 19,760 shares of the company’s stock worth $201,000 after purchasing an additional 1,448 shares in the last quarter. Finally, Rareview Capital LLC boosted its holdings in Neuberger Berman Municipal Fund by 10.7% during the first quarter. Rareview Capital LLC now owns 462,461 shares of the company’s stock worth $4,546,000 after purchasing an additional 44,724 shares during the last quarter.

Neuberger Berman Municipal Fund Company Profile

(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.

Further Reading

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