Neuberger Berman Municipal Fund (NYSEAMERICAN:NBH) Major Shareholder Of America Corp /De/ Bank Acquires 3,200 Shares

Neuberger Berman Municipal Fund Inc. (NYSEAMERICAN:NBH) major shareholder Of America Corp /De/ Bank bought 3,200 shares of Neuberger Berman Municipal Fund stock in a transaction that occurred on Wednesday, May 20th. The shares were acquired at an average cost of $10.26 per share, for a total transaction of $32,832.00. Following the completion of the transaction, the insider directly owned 3,200 shares in the company, valued at $32,832. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Major shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Neuberger Berman Municipal Fund Stock Up 0.2%

Shares of NYSEAMERICAN:NBH opened at $10.27 on Friday. The business’s 50-day moving average is $10.21 and its 200 day moving average is $10.29. Neuberger Berman Municipal Fund Inc. has a 1 year low of $9.69 and a 1 year high of $10.64.

Neuberger Berman Municipal Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Monday, June 15th. Shareholders of record on Friday, May 29th will be paid a dividend of $0.0542 per share. This represents a c) annualized dividend and a yield of 6.3%. The ex-dividend date is Friday, May 29th.

Institutional Trading of Neuberger Berman Municipal Fund

Several large investors have recently added to or reduced their stakes in the company. Bank of America Corp DE grew its stake in Neuberger Berman Municipal Fund by 19.8% during the 1st quarter. Bank of America Corp DE now owns 102,431 shares of the company’s stock valued at $1,040,000 after purchasing an additional 16,962 shares during the last quarter. Hollencrest Capital Management grew its stake in Neuberger Berman Municipal Fund by 32.8% during the 1st quarter. Hollencrest Capital Management now owns 9,687 shares of the company’s stock valued at $98,000 after purchasing an additional 2,392 shares during the last quarter. Bank of New York Mellon Corp grew its stake in Neuberger Berman Municipal Fund by 14.6% during the 1st quarter. Bank of New York Mellon Corp now owns 22,036 shares of the company’s stock valued at $224,000 after purchasing an additional 2,804 shares during the last quarter. Kestra Advisory Services LLC grew its stake in Neuberger Berman Municipal Fund by 7.9% during the 1st quarter. Kestra Advisory Services LLC now owns 19,760 shares of the company’s stock valued at $201,000 after purchasing an additional 1,448 shares during the last quarter. Finally, Rareview Capital LLC grew its stake in Neuberger Berman Municipal Fund by 10.7% during the 1st quarter. Rareview Capital LLC now owns 462,461 shares of the company’s stock valued at $4,546,000 after purchasing an additional 44,724 shares during the last quarter.

Neuberger Berman Municipal Fund Company Profile

Neuberger Berman Municipal Fund (NYSE American: NBH) is a closed-end investment company that seeks to provide shareholders with tax‐exempt income by investing primarily in a diversified portfolio of municipal securities. Managed by Neuberger Berman Management LLC, the fund focuses on high‐quality state and local government obligations, including general obligation bonds, revenue bonds and essential‐purpose debt issued by U.S. municipalities and related entities.

The fund’s portfolio construction emphasizes broad geographic diversification across the United States, targeting sectors such as transportation, education, healthcare and utilities.