Rareview Capital LLC Lowers Stock Holdings in Neuberger Berman Municipal Fund Inc. $NBH

Rareview Capital LLC cut its stake in shares of Neuberger Berman Municipal Fund Inc. (NYSEAMERICAN:NBH) by 14.2% during the second quarter, HoldingsChannel.com reports. The fund owned 396,617 shares of the company’s stock after selling 65,844 shares during the quarter. Neuberger Berman Municipal Fund makes up approximately 2.0% of Rareview Capital LLC’s investment portfolio, making the stock its 13th biggest holding. Rareview Capital LLC’s holdings in Neuberger Berman Municipal Fund were worth $3,899,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently modified their holdings of NBH. Advisory Services Network LLC bought a new stake in shares of Neuberger Berman Municipal Fund during the third quarter valued at approximately $35,000. Elyxium Wealth LLC bought a new position in Neuberger Berman Municipal Fund in the fourth quarter worth approximately $43,000. Hollencrest Capital Management increased its holdings in Neuberger Berman Municipal Fund by 204.2% during the 4th quarter. Hollencrest Capital Management now owns 7,295 shares of the company’s stock worth $74,000 after purchasing an additional 4,897 shares during the period. Nomura Holdings Inc. purchased a new position in Neuberger Berman Municipal Fund during the 2nd quarter worth $98,000. Finally, Landscape Capital Management L.L.C. purchased a new position in Neuberger Berman Municipal Fund during the 4th quarter worth $108,000.

Neuberger Berman Municipal Fund Stock Up 0.3%

Shares of NYSEAMERICAN NBH opened at $10.05 on Friday. Neuberger Berman Municipal Fund Inc. has a twelve month low of $9.78 and a twelve month high of $10.72. The business has a fifty day simple moving average of $10.30 and a two-hundred day simple moving average of $10.30.

Neuberger Berman Municipal Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, September 15th. Investors of record on Monday, August 31st will be issued a $0.0542 dividend. This represents a c) annualized dividend and a dividend yield of 6.5%. The ex-dividend date is Monday, August 31st.

Neuberger Berman Municipal Fund Company 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.