Neuberger Berman Municipal Fund Inc. (NYSEAMERICAN:NBH) Shares Sold by Napa Wealth Management

Napa Wealth Management trimmed its stake in shares of Neuberger Berman Municipal Fund Inc. (NYSEAMERICAN:NBH) by 17.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 14,068 shares of the company’s stock after selling 2,881 shares during the quarter. Napa Wealth Management’s holdings in Neuberger Berman Municipal Fund were worth $146,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Integrated Capital Management Inc. boosted its position in shares of Neuberger Berman Municipal Fund by 7.8% during the fourth 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. Park Avenue Securities LLC raised its stake in Neuberger Berman Municipal Fund by 2.5% during the 4th quarter. Park Avenue Securities LLC now owns 103,522 shares of the company’s stock valued at $1,071,000 after acquiring an additional 2,554 shares in the last quarter. Hennion & Walsh Asset Management Inc. boosted its position in Neuberger Berman Municipal Fund by 8.3% during the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 226,394 shares of the company’s stock worth $2,343,000 after acquiring an additional 17,330 shares during the period. Riverbridge Partners LLC bought a new stake in shares of Neuberger Berman Municipal Fund during the fourth quarter valued at about $402,000. Finally, Avior Wealth Management LLC lifted its holdings in Neuberger Berman Municipal Fund by 15.1% in the fourth quarter. Avior Wealth Management LLC now owns 20,128 shares of the company’s stock worth $208,000 after purchasing an additional 2,642 shares during the period.

Neuberger Berman Municipal Fund Trading Up 0.1%

Shares of NBH opened at $10.07 on Wednesday. The firm has a 50-day moving average price of $10.20 and a 200 day moving average price of $10.43. Neuberger Berman Municipal Fund Inc. has a 52-week low of $9.47 and a 52-week high of $11.41.

Neuberger Berman Municipal Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Thursday, May 15th. Investors of record on Wednesday, April 30th will be paid a dividend of $0.0542 per share. The ex-dividend date is Wednesday, April 30th. This represents a $0.65 dividend on an annualized basis and a dividend yield of 6.46%.

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.