Neuberger Berman Municipal Fund (NYSEAMERICAN:NBH) Stock Price Breaks Above Fifty Day Moving Average – Should You Sell?

Neuberger Berman Municipal Fund Inc. (NYSEAMERICAN:NBH)’s share price passed above its fifty day moving average during trading on Friday. The stock has a fifty day moving average of $9.43 and traded as high as $9.65. Neuberger Berman Municipal Fund shares last traded at $9.65, with a volume of 81,935 shares trading hands.

Neuberger Berman Municipal Fund Stock Performance

The company has a 50-day simple moving average of $9.43 and a 200-day simple moving average of $10.10.

Neuberger Berman Municipal Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Monday, November 16th. Shareholders of record on Friday, October 30th will be paid a dividend of $0.0542 per share. The ex-dividend date of this dividend is Friday, October 30th. This represents a $0.65 dividend on an annualized basis and a dividend yield of 6.7%.

Hedge Funds Weigh In On Neuberger Berman Municipal Fund

A number of institutional investors and hedge funds have recently added to or reduced their stakes in NBH. Riverbridge Partners LLC grew its holdings in shares of Neuberger Berman Municipal Fund by 25.8% in the 3rd quarter. Riverbridge Partners LLC now owns 95,086 shares of the company’s stock valued at $864,000 after buying an additional 19,513 shares during the period. Principle Wealth Partners LLC acquired a new position in shares of Neuberger Berman Municipal Fund during the third quarter valued at about $91,000. Commonwealth Equity Services LLC boosted its stake in shares of Neuberger Berman Municipal Fund by 5.5% in the 3rd quarter. Commonwealth Equity Services LLC now owns 20,805 shares of the company’s stock worth $189,000 after buying an additional 1,078 shares during the last quarter. Robinson Capital Management LLC grew its stake in shares of Neuberger Berman Municipal Fund by 20.5% during the 2nd quarter. Robinson Capital Management LLC now owns 512,302 shares of the company’s stock worth $5,405,000 after acquiring an additional 87,042 shares during the period. Finally, NewEdge Advisors LLC lifted its stake in Neuberger Berman Municipal Fund by 455.8% in the 2nd quarter. NewEdge Advisors LLC now owns 16,584 shares of the company’s stock worth $175,000 after purchasing an additional 13,600 shares in the last quarter.

Neuberger Berman Municipal Fund Company Profile

Neuberger Berman Municipal Fund Inc (NYSE American: NBH) is a closed-end management investment company. The fund seeks to provide current income that is exempt from regular U.S. federal income tax by investing primarily in municipal securities issued by states, cities, counties and other public entities.

The fund’s portfolio may include a range of tax-exempt municipal bonds and related obligations from issuers across the United States. Its investments may be supported by general tax revenues, specific project revenues or other sources of repayment, and are subject to the credit, interest-rate and other risks associated with municipal securities.

NBH is advised by Neuberger Berman Investment Advisers LLC, an affiliate of global asset manager Neuberger Berman.