Ackerman Capital Advisors LLC bought a new position in Neuberger Berman New York Muncipl Fd Inc (NYSEAMERICAN:NBO) in the 3rd quarter, Holdings Channel.com reports. The fund bought 17,053 shares of the company’s stock, valued at approximately $213,000.

A number of other institutional investors have also recently modified their holdings of NBO. Rivernorth Capital Management LLC boosted its holdings in shares of Neuberger Berman New York Muncipl Fd by 37.0% during the 2nd quarter. Rivernorth Capital Management LLC now owns 356,455 shares of the company’s stock valued at $4,370,000 after purchasing an additional 96,275 shares during the last quarter. Morgan Stanley boosted its holdings in shares of Neuberger Berman New York Muncipl Fd by 1.3% during the 2nd quarter. Morgan Stanley now owns 78,865 shares of the company’s stock valued at $967,000 after purchasing an additional 980 shares during the last quarter. Finally, Wells Fargo & Company MN boosted its holdings in shares of Neuberger Berman New York Muncipl Fd by 16.4% during the 2nd quarter. Wells Fargo & Company MN now owns 30,414 shares of the company’s stock valued at $373,000 after purchasing an additional 4,282 shares during the last quarter.

Shares of NYSEAMERICAN NBO remained flat at $$12.42 during mid-day trading on Wednesday. 2,410 shares of the stock traded hands, compared to its average volume of 14,680. Neuberger Berman New York Muncipl Fd Inc has a 52-week low of $11.00 and a 52-week high of $12.85.

The firm also recently announced a — dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th will be given a dividend of $0.0393 per share. This represents a dividend yield of 3.9%. The ex-dividend date of this dividend is Friday, September 27th.

About Neuberger Berman New York Muncipl Fd

Neuberger Berman New York Municipal Fund, Inc is a closed-ended fixed income mutual fund launched and managed by Neuberger Berman Management LLC. The fund is co-managed by Neuberger Berman LLC. It invests in the fixed income markets of the United States. The fund primarily invests in tax-exempt municipal bonds with remaining maturities of less than 15 years.

Further Reading: Special Dividends

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Institutional Ownership by Quarter for Neuberger Berman New York Muncipl Fd (NYSEAMERICAN:NBO)

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