Rareview Capital LLC Takes $1.55 Million Position in Neuberger Berman Municipal Fund Inc. $NBH

Rareview Capital LLC purchased a new stake in Neuberger Berman Municipal Fund Inc. (NYSEAMERICAN:NBH) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 157,355 shares of the company’s stock, valued at approximately $1,547,000.

Other institutional investors also recently modified their holdings of the company. Alteri Wealth LLC bought a new position in shares of Neuberger Berman Municipal Fund in the first quarter valued at approximately $136,000. Nuveen LLC bought a new position in shares of Neuberger Berman Municipal Fund in the first quarter valued at approximately $217,000. Integrated Capital Management Inc. raised its position in shares of Neuberger Berman Municipal Fund by 14.9% in the second quarter. Integrated Capital Management Inc. now owns 24,736 shares of the company’s stock valued at $243,000 after purchasing an additional 3,216 shares during the period. Wolverine Asset Management LLC bought a new position in Neuberger Berman Municipal Fund during the second quarter worth $273,000. Finally, Grant GrossMendelsohn LLC increased its position in Neuberger Berman Municipal Fund by 11.9% during the first quarter. Grant GrossMendelsohn LLC now owns 28,198 shares of the company’s stock worth $286,000 after acquiring an additional 3,000 shares during the period.

Neuberger Berman Municipal Fund Stock Down 0.5%

Shares of NBH stock opened at $10.26 on Tuesday. Neuberger Berman Municipal Fund Inc. has a 1 year low of $9.47 and a 1 year high of $10.94. The firm’s fifty day simple moving average is $10.27 and its 200 day simple moving average is $10.03.

Neuberger Berman Municipal Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Monday, November 17th. Investors of record on Friday, October 31st will be given a dividend of $0.0542 per share. The ex-dividend date of this dividend is Friday, October 31st. This represents a c) dividend on an annualized basis and a yield of 6.3%.

About Neuberger Berman Municipal Fund

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.