Atala Financial Inc Acquires 50,064 Shares of Neuberger Berman Municipal Fund Inc. $NBH

Atala Financial Inc grew its stake in Neuberger Berman Municipal Fund Inc. (NYSEAMERICAN:NBH) by 96.1% during the third quarter, HoldingsChannel.com reports. The firm owned 102,158 shares of the company’s stock after buying an additional 50,064 shares during the period. Atala Financial Inc’s holdings in Neuberger Berman Municipal Fund were worth $1,054,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the stock. Mackay Shields LLC lifted its stake in Neuberger Berman Municipal Fund by 25.5% in the second quarter. Mackay Shields LLC now owns 1,180,981 shares of the company’s stock valued at $11,609,000 after buying an additional 239,589 shares during the period. Integrated Capital Management Inc. increased its stake in shares of Neuberger Berman Municipal Fund by 14.9% in the 2nd quarter. Integrated Capital Management Inc. now owns 24,736 shares of the company’s stock valued at $243,000 after acquiring an additional 3,216 shares during the last quarter. Envestnet Asset Management Inc. raised its position in shares of Neuberger Berman Municipal Fund by 4.4% in the 2nd quarter. Envestnet Asset Management Inc. now owns 122,495 shares of the company’s stock valued at $1,204,000 after acquiring an additional 5,139 shares during the period. Wolverine Asset Management LLC acquired a new stake in shares of Neuberger Berman Municipal Fund in the 2nd quarter valued at approximately $273,000. Finally, Rareview Capital LLC bought a new position in Neuberger Berman Municipal Fund during the 2nd quarter worth approximately $1,547,000.

Neuberger Berman Municipal Fund Stock Down 0.3%

Shares of NYSEAMERICAN:NBH opened at $10.44 on Wednesday. The company has a 50 day moving average price of $10.27 and a two-hundred day moving average price of $10.19. Neuberger Berman Municipal Fund Inc. has a 52 week low of $9.47 and a 52 week high of $10.82.

Neuberger Berman Municipal Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, February 17th. Investors of record on Friday, January 30th will be given a $0.0542 dividend. The ex-dividend date is Friday, January 30th. This represents a c) dividend on an annualized basis and a dividend yield of 6.2%.

Neuberger Berman Municipal Fund Profile

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.