Neuberger Berman Municipal Fund (NYSEAMERICAN:NBH) Shares Down 0.2% – Here’s What Happened

Neuberger Berman Municipal Fund Inc. (NYSEAMERICAN:NBH) dropped 0.2% on Thursday . The stock traded as low as $10.12 and last traded at $10.15. Approximately 95,705 shares changed hands during trading, a decline of 0% from the average daily volume of 95,860 shares. The stock had previously closed at $10.17.

Neuberger Berman Municipal Fund Price Performance

The business’s 50-day moving average is $10.38 and its two-hundred day moving average is $10.34.

Neuberger Berman Municipal Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Monday, August 17th. Stockholders of record on Friday, July 31st will be issued a $0.0542 dividend. The ex-dividend date of this dividend is Friday, July 31st. This represents a c) annualized dividend and a dividend yield of 6.4%.

Insider Activity

In other news, major shareholder Of America Corp /De/ Bank purchased 3,200 shares of the company’s stock in a transaction dated Wednesday, May 20th. The shares were acquired at an average cost of $10.26 per share, for a total transaction of $32,832.00. Following the completion of the purchase, the insider directly owned 3,200 shares in the company, valued at $32,832. The trade was a ∞ increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Institutional Investors Weigh In On Neuberger Berman Municipal Fund

Institutional investors have recently added to or reduced their stakes in the business. Invesco Ltd. raised its stake in shares of Neuberger Berman Municipal Fund by 131.6% during the 2nd quarter. Invesco Ltd. now owns 97,936 shares of the company’s stock worth $963,000 after buying an additional 55,646 shares in the last quarter. Raymond James Financial Inc. boosted its stake in shares of Neuberger Berman Municipal Fund by 6.1% in the second quarter. Raymond James Financial Inc. now owns 103,164 shares of the company’s stock valued at $1,014,000 after buying an additional 5,938 shares in the last quarter. Balyasny Asset Management L.P. acquired a new position in Neuberger Berman Municipal Fund during the second quarter worth $455,000. Nomura Holdings Inc. purchased a new position in Neuberger Berman Municipal Fund in the second quarter worth $98,000. Finally, Osaic Holdings Inc. raised its position in Neuberger Berman Municipal Fund by 14.0% in the second quarter. Osaic Holdings Inc. now owns 15,102 shares of the company’s stock worth $148,000 after acquiring an additional 1,859 shares in the last quarter.

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.