Neuberger Berman Municipal Fund (NYSEAMERICAN:NBH) Trading 0.7% Higher – Here’s What Happened

Neuberger Berman Municipal Fund Inc. (NYSEAMERICAN:NBH)’s stock price was up 0.7% during mid-day trading on Monday . The stock traded as high as $10.41 and last traded at $10.38. Approximately 100,159 shares changed hands during mid-day trading, an increase of 3% from the average daily volume of 97,378 shares. The stock had previously closed at $10.31.

Neuberger Berman Municipal Fund Stock Performance

The company has a 50 day moving average price of $10.38 and a 200 day moving average price of $10.33.

Neuberger Berman Municipal Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th will be issued a $0.0542 dividend. This represents a c) annualized dividend and a dividend yield of 6.3%. The ex-dividend date is Tuesday, June 30th.

Insider Buying and Selling at Neuberger Berman Municipal Fund

In related news, major shareholder Of America Corp /De/ Bank acquired 3,200 shares of the company’s stock in a transaction dated Wednesday, May 20th. The shares were bought at an average cost of $10.26 per share, with a total value of $32,832.00. Following the completion of the transaction, the insider directly owned 3,200 shares of the company’s stock, valued at $32,832. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Advisory Services Network LLC acquired a new stake in Neuberger Berman Municipal Fund during the third quarter worth approximately $35,000. Elyxium Wealth LLC acquired a new position in shares of Neuberger Berman Municipal Fund in the fourth quarter valued at approximately $43,000. Hollencrest Capital Management grew its position in shares of Neuberger Berman Municipal Fund by 204.2% in the fourth quarter. Hollencrest Capital Management now owns 7,295 shares of the company’s stock valued at $74,000 after purchasing an additional 4,897 shares during the last quarter. Nomura Holdings Inc. bought a new position in shares of Neuberger Berman Municipal Fund during the second quarter worth approximately $98,000. Finally, PFG Investments LLC bought a new position in shares of Neuberger Berman Municipal Fund during the fourth quarter worth approximately $101,000.

About Neuberger Berman Municipal Fund

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.