Neuberger Berman Municipal Fund (NYSEAMERICAN:NBH) Shares Down 0.2% – What’s Next?

Neuberger Berman Municipal Fund Inc. (NYSEAMERICAN:NBH) shares fell 0.2% during mid-day trading on Thursday . The company traded as low as $10.12 and last traded at $10.15. 95,705 shares traded hands during mid-day trading, a decline of 0% from the average daily volume of 95,860 shares. The stock had previously closed at $10.17.

Neuberger Berman Municipal Fund Stock Down 0.2%

The company’s 50 day moving average is $10.38 and its 200 day moving average is $10.34.

Neuberger Berman Municipal Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Monday, August 17th. Shareholders of record on Friday, July 31st will be issued a $0.0542 dividend. The ex-dividend date of this dividend is Friday, July 31st. This represents a c) dividend on an annualized basis and a yield of 6.4%.

Insider Activity

In related news, major shareholder Of America Corp /De/ Bank purchased 3,200 shares of Neuberger Berman Municipal Fund stock in a transaction dated Wednesday, May 20th. The stock was bought at an average cost of $10.26 per share, for a total transaction of $32,832.00. Following the transaction, the insider owned 3,200 shares in the company, valued at approximately $32,832. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Hedge Funds Weigh In On Neuberger Berman Municipal Fund

Hedge funds have recently bought and sold shares of the company. Advisory Services Network LLC purchased a new stake in Neuberger Berman Municipal Fund during the third quarter worth $35,000. Elyxium Wealth LLC purchased a new position in shares of Neuberger Berman Municipal Fund in the fourth quarter valued at $43,000. Hollencrest Capital Management raised its stake in shares of 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 buying an additional 4,897 shares during the last quarter. PFG Investments LLC acquired a new position in shares of Neuberger Berman Municipal Fund during the 4th quarter worth $101,000. Finally, Nomura Holdings Inc. purchased a new stake in shares of Neuberger Berman Municipal Fund in the 2nd quarter worth about $98,000.

About Neuberger Berman Municipal Fund

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.