Neuberger Berman Municipal Fund Inc. (NYSEAMERICAN:NBH) Shares Sold by HighTower Advisors LLC

HighTower Advisors LLC reduced its stake in Neuberger Berman Municipal Fund Inc. (NYSEAMERICAN:NBH) by 29.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 32,820 shares of the company’s stock after selling 13,763 shares during the period. HighTower Advisors LLC’s holdings in Neuberger Berman Municipal Fund were worth $364,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Pathstone Holdings LLC increased its stake in Neuberger Berman Municipal Fund by 234.8% during the 3rd quarter. Pathstone Holdings LLC now owns 352,961 shares of the company’s stock worth $3,922,000 after buying an additional 247,552 shares during the period. Whitebox Advisors LLC grew its stake in shares of Neuberger Berman Municipal Fund by 167.6% during the second quarter. Whitebox Advisors LLC now owns 249,474 shares of the company’s stock valued at $2,664,000 after acquiring an additional 156,249 shares in the last quarter. Van ECK Associates Corp increased its position in shares of Neuberger Berman Municipal Fund by 4.9% during the second quarter. Van ECK Associates Corp now owns 244,200 shares of the company’s stock worth $2,608,000 after acquiring an additional 11,485 shares during the last quarter. Hennion & Walsh Asset Management Inc. lifted its stake in shares of Neuberger Berman Municipal Fund by 277.1% in the third quarter. Hennion & Walsh Asset Management Inc. now owns 209,064 shares of the company’s stock worth $2,323,000 after acquiring an additional 153,617 shares in the last quarter. Finally, Sanctuary Advisors LLC acquired a new position in shares of Neuberger Berman Municipal Fund in the second quarter worth about $667,000.

Neuberger Berman Municipal Fund Price Performance

Shares of NYSEAMERICAN NBH opened at $10.34 on Monday. Neuberger Berman Municipal Fund Inc. has a fifty-two week low of $10.03 and a fifty-two week high of $11.41.

Neuberger Berman Municipal Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be paid a $0.0542 dividend. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $0.65 dividend on an annualized basis and a dividend yield of 6.29%.

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.