Neuberger Berman Municipal Fund (NYSEAMERICAN:NBH) Trading Up 0.7% – Here’s What Happened

Neuberger Berman Municipal Fund Inc. (NYSEAMERICAN:NBHGet Free Report) shot up 0.7% during trading on Monday . The company traded as high as $10.41 and last traded at $10.38. 100,159 shares were traded during mid-day trading, an increase of 3% from the average daily volume of 97,378 shares. The stock had previously closed at $10.31.

Neuberger Berman Municipal Fund Trading Up 0.7%

The firm has a 50-day simple moving average of $10.38 and a two-hundred day simple moving average of $10.33.

Neuberger Berman Municipal Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th will be paid a $0.0542 dividend. The ex-dividend date is Tuesday, June 30th. This represents a c) annualized dividend and a dividend yield of 6.3%.

Insider Buying and Selling

In other Neuberger Berman Municipal Fund news, major shareholder Of America Corp /De/ Bank purchased 3,200 shares of the stock in a transaction that occurred on Wednesday, May 20th. The shares were acquired at an average cost of $10.26 per share, with a total value of $32,832.00. Following the completion of the transaction, the insider owned 3,200 shares in the company, valued at $32,832. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. Rareview Capital LLC raised its position in shares of Neuberger Berman Municipal Fund by 26.1% in the fourth quarter. Rareview Capital LLC now owns 417,737 shares of the company’s stock valued at $4,106,000 after buying an additional 86,519 shares in the last quarter. Worthington Financial Partners LLC bought a new stake in shares of Neuberger Berman Municipal Fund in the fourth quarter valued at approximately $1,445,000. Fiera Capital Corp grew its position in Neuberger Berman Municipal Fund by 65.2% during the fourth quarter. Fiera Capital Corp now owns 287,691 shares of the company’s stock worth $2,911,000 after buying an additional 113,534 shares in the last quarter. Bank of New York Mellon Corp grew its position in Neuberger Berman Municipal Fund by 14.6% during the first quarter. Bank of New York Mellon Corp now owns 22,036 shares of the company’s stock worth $224,000 after buying an additional 2,804 shares in the last quarter. Finally, Kestra Advisory Services LLC increased its stake in Neuberger Berman Municipal Fund by 7.9% during the 1st quarter. Kestra Advisory Services LLC now owns 19,760 shares of the company’s stock worth $201,000 after acquiring an additional 1,448 shares during the period.

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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