NINE MASTS CAPITAL Ltd Grows Stock Holdings in Neuberger Berman Municipal Fund Inc. (NYSEAMERICAN:NBH)

NINE MASTS CAPITAL Ltd raised its stake in Neuberger Berman Municipal Fund Inc. (NYSEAMERICAN:NBH) by 114.1% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 36,298 shares of the company’s stock after buying an additional 19,348 shares during the period. NINE MASTS CAPITAL Ltd’s holdings in Neuberger Berman Municipal Fund were worth $388,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Future Financial Wealth Managment LLC acquired a new position in shares of Neuberger Berman Municipal Fund during the 1st quarter worth $52,000. Ashton Thomas Private Wealth LLC purchased a new position in Neuberger Berman Municipal Fund during the 2nd quarter valued at about $91,000. Private Advisor Group LLC acquired a new position in Neuberger Berman Municipal Fund during the fourth quarter worth about $141,000. Blue Bell Private Wealth Management LLC lifted its holdings in shares of Neuberger Berman Municipal Fund by 39.3% in the first quarter. Blue Bell Private Wealth Management LLC now owns 19,127 shares of the company’s stock valued at $200,000 after purchasing an additional 5,400 shares in the last quarter. Finally, Kingswood Wealth Advisors LLC grew its position in shares of Neuberger Berman Municipal Fund by 53.9% in the first quarter. Kingswood Wealth Advisors LLC now owns 20,751 shares of the company’s stock valued at $217,000 after purchasing an additional 7,270 shares during the last quarter.

Neuberger Berman Municipal Fund Stock Up 1.0 %

NYSEAMERICAN:NBH opened at $11.15 on Thursday. Neuberger Berman Municipal Fund Inc. has a 12-month low of $8.75 and a 12-month high of $11.26.

Neuberger Berman Municipal Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Monday, September 16th. Stockholders of record on Friday, August 30th will be issued a dividend of $0.0542 per share. This represents a $0.65 annualized dividend and a dividend yield of 5.83%. The ex-dividend date of this dividend is Friday, August 30th.

Neuberger Berman Municipal Fund Company 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.