Of America Corp /De/ Bank Purchases 3,200 Shares of Neuberger Berman Municipal Fund (NYSEAMERICAN:NBH) Stock

Neuberger Berman Municipal Fund Inc. (NYSEAMERICAN:NBH) major shareholder Of America Corp /De/ Bank acquired 3,200 shares of the stock in a transaction dated Wednesday, May 20th. The stock was bought at an average price of $10.26 per share, for a total transaction of $32,832.00. Following the completion of the purchase, the insider owned 3,200 shares in the company, valued at approximately $32,832. This trade represents a ∞ increase in their position. The acquisition 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 shares are required to disclose their sales and purchases with the SEC.

Neuberger Berman Municipal Fund Trading Up 0.2%

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

Neuberger Berman Municipal Fund Dividend Announcement

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

Institutional Investors Weigh In On Neuberger Berman Municipal Fund

Large investors have recently bought and sold shares of the business. Advisory Services Network LLC bought a new stake in Neuberger Berman Municipal Fund during the 3rd quarter worth approximately $35,000. Elyxium Wealth LLC bought a new stake in Neuberger Berman Municipal Fund during the 4th quarter worth approximately $43,000. Hollencrest Capital Management grew its position 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 acquiring an additional 4,897 shares during the last quarter. Nomura Holdings Inc. bought a new stake in Neuberger Berman Municipal Fund during the 2nd quarter worth approximately $98,000. Finally, PFG Investments LLC bought a new stake in Neuberger Berman Municipal Fund during the 4th 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.