Riverbridge Partners LLC Acquires New Stake in Neuberger Berman Municipal Fund Inc. (NYSEAMERICAN:NBH)

Riverbridge Partners LLC bought a new position in shares of Neuberger Berman Municipal Fund Inc. (NYSEAMERICAN:NBH) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 38,888 shares of the company’s stock, valued at approximately $402,000.

A number of other institutional investors have also added to or reduced their stakes in the business. Hennion & Walsh Asset Management Inc. grew its stake in Neuberger Berman Municipal Fund by 8.3% in the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 226,394 shares of the company’s stock worth $2,343,000 after buying an additional 17,330 shares in the last quarter. Park Avenue Securities LLC grew its position in Neuberger Berman Municipal Fund by 2.5% in the fourth quarter. Park Avenue Securities LLC now owns 103,522 shares of the company’s stock worth $1,071,000 after acquiring an additional 2,554 shares in the last quarter. Integrated Capital Management Inc. raised its position in 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 valued at $201,000 after purchasing an additional 1,399 shares in the last quarter. Conrad Siegel Investment Advisors Inc. bought a new stake in Neuberger Berman Municipal Fund during the fourth quarter worth about $132,000. Finally, Walleye Capital LLC purchased a new position in shares of Neuberger Berman Municipal Fund in the 3rd quarter worth about $129,000.

Neuberger Berman Municipal Fund Stock Performance

Shares of Neuberger Berman Municipal Fund stock opened at $10.54 on Friday. Neuberger Berman Municipal Fund Inc. has a 12 month low of $10.03 and a 12 month high of $11.41.

Neuberger Berman Municipal Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Tuesday, February 18th. Shareholders of record on Friday, January 31st will be paid a dividend of $0.0542 per share. This represents a $0.65 annualized dividend and a dividend yield of 6.17%. The ex-dividend date is Friday, January 31st.

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.