Park Avenue Securities LLC Lowers Stake in Neuberger Berman Municipal Fund Inc. (NYSEAMERICAN:NBH)

Park Avenue Securities LLC trimmed its holdings in Neuberger Berman Municipal Fund Inc. (NYSEAMERICAN:NBH) by 6.1% in the third quarter, according to its most recent disclosure with the SEC. The fund owned 100,968 shares of the company’s stock after selling 6,576 shares during the period. Park Avenue Securities LLC’s holdings in Neuberger Berman Municipal Fund were worth $1,122,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in NBH. Future Financial Wealth Managment LLC acquired a new stake in shares of Neuberger Berman Municipal Fund during the first quarter worth $52,000. Ashton Thomas Private Wealth LLC acquired a new stake in shares of Neuberger Berman Municipal Fund in the 2nd quarter worth $91,000. Kingswood Wealth Advisors LLC lifted its stake in shares of Neuberger Berman Municipal Fund by 53.9% in the 1st quarter. Kingswood Wealth Advisors LLC now owns 20,751 shares of the company’s stock worth $217,000 after acquiring an additional 7,270 shares during the period. NINE MASTS CAPITAL Ltd boosted its holdings in shares of Neuberger Berman Municipal Fund by 114.1% in the second quarter. NINE MASTS CAPITAL Ltd now owns 36,298 shares of the company’s stock valued at $388,000 after acquiring an additional 19,348 shares in the last quarter. Finally, Rothschild Investment LLC acquired a new position in shares of Neuberger Berman Municipal Fund during the second quarter worth about $574,000.

Neuberger Berman Municipal Fund Stock Down 0.5 %

Shares of NBH opened at $11.02 on Wednesday. Neuberger Berman Municipal Fund Inc. has a twelve month low of $8.75 and a twelve month high of $11.41.

Neuberger Berman Municipal Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 30th will be paid a $0.0542 dividend. The ex-dividend date of this dividend is Monday, September 30th. This represents a $0.65 dividend on an annualized basis and a dividend yield of 5.90%.

Neuberger Berman Municipal Fund Company 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.