Commonwealth Equity Services LLC Lowers Holdings in Neuberger Berman Municipal Fund Inc. (NYSEAMERICAN:NBH)

Commonwealth Equity Services LLC reduced its stake in shares of Neuberger Berman Municipal Fund Inc. (NYSEAMERICAN:NBH) by 17.6% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 47,948 shares of the company’s stock after selling 10,213 shares during the quarter. Commonwealth Equity Services LLC’s holdings in Neuberger Berman Municipal Fund were worth $512,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of NBH. Van ECK Associates Corp lifted its holdings in shares of Neuberger Berman Municipal Fund by 3.1% during the 1st quarter. Van ECK Associates Corp now owns 232,715 shares of the company’s stock valued at $2,437,000 after purchasing an additional 6,941 shares during the last quarter. Matisse Capital lifted its stake in Neuberger Berman Municipal Fund by 6.6% in the 1st quarter. Matisse Capital now owns 135,900 shares of the company’s stock worth $1,423,000 after purchasing an additional 8,392 shares in the last quarter. Whitebox Advisors LLC acquired a new stake in shares of Neuberger Berman Municipal Fund during the 1st quarter worth approximately $976,000. Rothschild Investment LLC acquired a new stake in Neuberger Berman Municipal Fund in the 2nd quarter valued at approximately $574,000. Finally, Kingswood Wealth Advisors LLC grew its stake in shares of Neuberger Berman Municipal Fund by 53.9% in the first 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 in the last quarter.

Neuberger Berman Municipal Fund Trading Down 0.1 %

Neuberger Berman Municipal Fund stock opened at $11.27 on Friday. Neuberger Berman Municipal Fund Inc. has a 12-month low of $8.75 and a 12-month high of $11.41.

Neuberger Berman Municipal Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, October 15th. Shareholders 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 yield of 5.77%.

About Neuberger Berman Municipal Fund

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.