Park Avenue Securities LLC Purchases 2,554 Shares of Neuberger Berman Municipal Fund Inc. (NYSEAMERICAN:NBH)

Park Avenue Securities LLC grew its position in Neuberger Berman Municipal Fund Inc. (NYSEAMERICAN:NBH) by 2.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 103,522 shares of the company’s stock after acquiring an additional 2,554 shares during the period. Park Avenue Securities LLC’s holdings in Neuberger Berman Municipal Fund were worth $1,071,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Integrated Capital Management Inc. boosted its holdings in shares of Neuberger Berman Municipal Fund by 7.8% during the 4th quarter. Integrated Capital Management Inc. now owns 19,385 shares of the company’s stock worth $201,000 after buying an additional 1,399 shares during the period. Farther Finance Advisors LLC bought a new stake in shares of Neuberger Berman Municipal Fund during the 3rd quarter worth about $36,000. Avior Wealth Management LLC boosted its holdings in shares of Neuberger Berman Municipal Fund by 25.2% during the 3rd quarter. Avior Wealth Management LLC now owns 17,486 shares of the company’s stock worth $194,000 after buying an additional 3,516 shares during the period. Walleye Capital LLC bought a new stake in shares of Neuberger Berman Municipal Fund during the 3rd quarter worth about $129,000. Finally, Conrad Siegel Investment Advisors Inc. bought a new stake in shares of Neuberger Berman Municipal Fund during the 4th quarter worth about $132,000.

Neuberger Berman Municipal Fund Stock Performance

Shares of NBH stock opened at $10.40 on Tuesday. Neuberger Berman Municipal Fund Inc. has a 52 week low of $10.03 and a 52 week high of $11.41.

Neuberger Berman Municipal Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, February 18th. Shareholders of record on Friday, January 31st will be paid a $0.0542 dividend. This represents a $0.65 annualized dividend and a yield of 6.25%. The ex-dividend date is Friday, January 31st.

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.