Neuberger Berman Municipal Fund Inc. $NBH Shares Sold by 1607 Capital Partners LLC

1607 Capital Partners LLC decreased its position in shares of Neuberger Berman Municipal Fund Inc. (NYSEAMERICAN:NBH) by 7.1% in the 4th quarter, HoldingsChannel.com reports. The fund owned 1,006,539 shares of the company’s stock after selling 77,390 shares during the quarter. 1607 Capital Partners LLC’s holdings in Neuberger Berman Municipal Fund were worth $10,186,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of NBH. Pathstone Holdings LLC boosted its holdings in shares of Neuberger Berman Municipal Fund by 14.2% during the third quarter. Pathstone Holdings LLC now owns 1,411,760 shares of the company’s stock valued at $14,569,000 after acquiring an additional 175,923 shares during the period. Advisors Asset Management Inc. lifted its holdings in Neuberger Berman Municipal Fund by 30.9% in the fourth quarter. Advisors Asset Management Inc. now owns 737,420 shares of the company’s stock worth $7,463,000 after purchasing an additional 174,032 shares during the period. Fiera Capital Corp lifted its holdings in Neuberger Berman Municipal Fund by 65.2% in the fourth quarter. Fiera Capital Corp now owns 287,691 shares of the company’s stock worth $2,911,000 after purchasing an additional 113,534 shares during the period. Rareview Capital LLC lifted its holdings in Neuberger Berman Municipal Fund by 26.1% in the fourth quarter. Rareview Capital LLC now owns 417,737 shares of the company’s stock worth $4,106,000 after purchasing an additional 86,519 shares during the period. Finally, Guggenheim Capital LLC lifted its holdings in Neuberger Berman Municipal Fund by 9.9% in the fourth quarter. Guggenheim Capital LLC now owns 761,618 shares of the company’s stock worth $7,708,000 after purchasing an additional 68,682 shares during the period.

Insiders Place Their Bets

In related news, major shareholder Of America Corp /De/ Bank acquired 3,200 shares of Neuberger Berman Municipal Fund stock in a transaction that occurred on Wednesday, May 20th. The stock was acquired at an average price of $10.26 per share, with a total value of $32,832.00. Following the completion of the acquisition, the insider directly owned 3,200 shares of the company’s stock, valued at $32,832. This trade represents a ∞ increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Neuberger Berman Municipal Fund Stock Down 0.1%

NBH stock opened at $10.40 on Thursday. The company has a 50-day simple moving average of $10.30 and a 200 day simple moving average of $10.30. Neuberger Berman Municipal Fund Inc. has a fifty-two week low of $9.69 and a fifty-two week high of $10.64.

Neuberger Berman Municipal Fund Announces Dividend

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

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.