Neuberger Berman Municipal Fund (NYSEAMERICAN:NBH) Trading Down 1.4% – Here’s Why

Neuberger Berman Municipal Fund Inc. (NYSEAMERICAN:NBH)’s stock price traded down 1.4% during trading on Monday . The stock traded as low as $10.13 and last traded at $10.17. 84,104 shares were traded during mid-day trading, a decline of 13% from the average session volume of 96,650 shares. The stock had previously closed at $10.31.

Neuberger Berman Municipal Fund Price Performance

The firm’s fifty day simple moving average is $10.21 and its 200 day simple moving average is $10.29.

Neuberger Berman Municipal Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, June 15th. Shareholders of record on Friday, May 29th will be issued a $0.0542 dividend. This represents a c) annualized dividend and a yield of 6.4%. The ex-dividend date of this dividend is Friday, May 29th.

Institutional Investors Weigh In On Neuberger Berman Municipal Fund

Several hedge funds have recently modified their holdings of NBH. Pathstone Holdings LLC boosted its stake in shares of Neuberger Berman Municipal Fund by 14.2% during the 3rd quarter. Pathstone Holdings LLC now owns 1,411,760 shares of the company’s stock worth $14,569,000 after acquiring an additional 175,923 shares in the last quarter. Advisors Asset Management Inc. boosted its stake in shares of Neuberger Berman Municipal Fund by 30.9% during the 4th quarter. Advisors Asset Management Inc. now owns 737,420 shares of the company’s stock worth $7,463,000 after acquiring an additional 174,032 shares in the last quarter. Worthington Financial Partners LLC purchased a new stake in shares of Neuberger Berman Municipal Fund during the 4th quarter worth about $1,445,000. Rivernorth Capital Management LLC boosted its stake in shares of Neuberger Berman Municipal Fund by 15.0% during the 4th quarter. Rivernorth Capital Management LLC now owns 932,084 shares of the company’s stock worth $9,433,000 after acquiring an additional 121,226 shares in the last quarter. Finally, Fiera Capital Corp boosted its stake in shares of Neuberger Berman Municipal Fund by 65.2% during the 4th quarter. Fiera Capital Corp now owns 287,691 shares of the company’s stock worth $2,911,000 after acquiring an additional 113,534 shares in 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.