Neuberger Berman Municipal Fund Inc. (NYSEAMERICAN:NBH) Shares Acquired by Kingswood Wealth Advisors LLC

Kingswood Wealth Advisors LLC raised its stake in shares of Neuberger Berman Municipal Fund Inc. (NYSEAMERICAN:NBH) by 53.9% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 20,751 shares of the company’s stock after purchasing an additional 7,270 shares during the period. Kingswood Wealth Advisors LLC’s holdings in Neuberger Berman Municipal Fund were worth $217,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the stock. Private Advisor Group LLC purchased a new stake in shares of Neuberger Berman Municipal Fund during the 4th quarter worth about $141,000. International Assets Investment Management LLC raised its stake in shares of Neuberger Berman Municipal Fund by 947.2% in the 4th quarter. International Assets Investment Management LLC now owns 20,943 shares of the company’s stock valued at $2,023,000 after acquiring an additional 18,943 shares during the period. Raymond James & Associates lifted its holdings in shares of Neuberger Berman Municipal Fund by 30.3% during the 4th quarter. Raymond James & Associates now owns 82,867 shares of the company’s stock valued at $858,000 after acquiring an additional 19,284 shares in the last quarter. Matisse Capital purchased a new stake in Neuberger Berman Municipal Fund during the 4th quarter worth $1,320,000. Finally, Robinson Capital Management LLC acquired a new stake in Neuberger Berman Municipal Fund in the 4th quarter valued at $1,574,000.

Neuberger Berman Municipal Fund Trading Up 0.5 %

Neuberger Berman Municipal Fund stock opened at $10.68 on Friday. Neuberger Berman Municipal Fund Inc. has a 12-month low of $8.75 and a 12-month high of $10.70.

Neuberger Berman Municipal Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Monday, July 15th. Stockholders of record on Friday, June 28th will be given a dividend of $0.0377 per share. This represents a $0.45 dividend on an annualized basis and a dividend yield of 4.24%. The ex-dividend date is Friday, June 28th.

Neuberger Berman Municipal Fund Profile

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.