Neuberger Berman Municipal Fund Inc. (NYSEAMERICAN:NBH) Stake Boosted by International Assets Investment Management LLC

International Assets Investment Management LLC grew its position in Neuberger Berman Municipal Fund Inc. (NYSEAMERICAN:NBH) by 947.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 20,943 shares of the company’s stock after buying an additional 18,943 shares during the quarter. International Assets Investment Management LLC’s holdings in Neuberger Berman Municipal Fund were worth $2,023,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in the company. 1607 Capital Partners LLC lifted its position in shares of Neuberger Berman Municipal Fund by 76.7% in the third quarter. 1607 Capital Partners LLC now owns 426,212 shares of the company’s stock worth $3,925,000 after purchasing an additional 185,000 shares in the last quarter. Raymond James & Associates grew its holdings in shares of Neuberger Berman Municipal Fund by 30.3% during the 4th quarter. Raymond James & Associates now owns 82,867 shares of the company’s stock valued at $858,000 after acquiring an additional 19,284 shares in the last quarter. Kingswood Wealth Advisors LLC acquired a new position in shares of Neuberger Berman Municipal Fund in the fourth quarter worth $140,000. Finally, Kestra Private Wealth Services LLC raised its holdings in shares of Neuberger Berman Municipal Fund by 23.5% during the third quarter. Kestra Private Wealth Services LLC now owns 13,125 shares of the company’s stock worth $121,000 after acquiring an additional 2,500 shares in the last quarter.

Neuberger Berman Municipal Fund Stock Performance

Shares of NBH stock opened at $10.27 on Monday. Neuberger Berman Municipal Fund Inc. has a fifty-two week low of $8.75 and a fifty-two week high of $10.54.

Neuberger Berman Municipal Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Tuesday, April 30th will be given a $0.0377 dividend. This represents a $0.45 annualized dividend and a yield of 4.41%. The ex-dividend date is Monday, April 29th.

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.