Advisors Asset Management Inc. Reduces Position in Neuberger Berman Municipal Fund Inc. (NYSEAMERICAN:NBH)

Advisors Asset Management Inc. decreased its position in Neuberger Berman Municipal Fund Inc. (NYSEAMERICAN:NBH) by 9.5% in the third quarter, HoldingsChannel.com reports. The fund owned 253,265 shares of the company’s stock after selling 26,549 shares during the period. Advisors Asset Management Inc.’s holdings in Neuberger Berman Municipal Fund were worth $2,814,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Farther Finance Advisors LLC acquired a new stake in shares of Neuberger Berman Municipal Fund in the third quarter worth $36,000. Avior Wealth Management LLC grew its position in Neuberger Berman Municipal Fund by 25.2% during the 3rd quarter. Avior Wealth Management LLC now owns 17,486 shares of the company’s stock worth $194,000 after purchasing an additional 3,516 shares during the period. Ashton Thomas Private Wealth LLC purchased a new position in shares of Neuberger Berman Municipal Fund during the 2nd quarter valued at about $91,000. Van ECK Associates Corp lifted its holdings in shares of Neuberger Berman Municipal Fund by 4.9% in the 2nd quarter. Van ECK Associates Corp now owns 244,200 shares of the company’s stock valued at $2,608,000 after buying an additional 11,485 shares during the period. Finally, NINE MASTS CAPITAL Ltd boosted its stake in shares of Neuberger Berman Municipal Fund by 114.1% in the second quarter. NINE MASTS CAPITAL Ltd now owns 36,298 shares of the company’s stock worth $388,000 after buying an additional 19,348 shares during the last quarter.

Neuberger Berman Municipal Fund Stock Performance

Shares of NBH stock opened at $10.67 on Friday. Neuberger Berman Municipal Fund Inc. has a twelve month low of $9.62 and a twelve month high of $11.41.

Neuberger Berman Municipal Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 29th will be paid a $0.0542 dividend. This represents a $0.65 annualized dividend and a dividend yield of 6.09%. The ex-dividend date is Friday, November 29th.

Neuberger Berman Municipal Fund 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.