Cura Wealth Advisors LLC Acquires Shares of 68,000 Neuberger Berman Municipal Fund Inc. $NBH

Cura Wealth Advisors LLC bought a new stake in shares of Neuberger Berman Municipal Fund Inc. (NYSEAMERICAN:NBH) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 68,000 shares of the company’s stock, valued at approximately $717,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Advisory Services Network LLC purchased a new position in Neuberger Berman Municipal Fund in the third quarter valued at about $35,000. Elyxium Wealth LLC purchased a new stake in Neuberger Berman Municipal Fund during the 4th quarter worth approximately $43,000. Hollencrest Capital Management increased its holdings in Neuberger Berman Municipal Fund by 204.2% during the 4th quarter. Hollencrest Capital Management now owns 7,295 shares of the company’s stock worth $74,000 after purchasing an additional 4,897 shares during the last quarter. Nomura Holdings Inc. acquired a new position in shares of Neuberger Berman Municipal Fund in the 2nd quarter valued at approximately $98,000. Finally, PFG Investments LLC acquired a new position in shares of Neuberger Berman Municipal Fund in the 4th quarter valued at approximately $101,000.

Neuberger Berman Municipal Fund Stock Performance

Neuberger Berman Municipal Fund stock opened at $10.33 on Monday. Neuberger Berman Municipal Fund Inc. has a 52 week low of $9.76 and a 52 week high of $10.72. The stock has a 50 day moving average of $10.37 and a 200-day moving average of $10.34.

Neuberger Berman Municipal Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, August 17th. Investors of record on Friday, July 31st will be issued a $0.0542 dividend. The ex-dividend date of this dividend is Friday, July 31st. This represents a c) annualized dividend and a yield of 6.3%.

Insider Buying and Selling

In related news, major shareholder Of America Corp /De/ Bank acquired 3,200 shares of Neuberger Berman Municipal Fund stock in a transaction on Wednesday, May 20th. The shares were purchased at an average cost of $10.26 per share, for a total transaction of $32,832.00. Following the purchase, the insider directly owned 3,200 shares of the company’s stock, valued at $32,832. The trade was a ∞ increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Neuberger Berman Municipal Fund 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.