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

1607 Capital Partners LLC lessened its holdings in Neuberger Berman Municipal Fund Inc. (NYSEAMERICAN:NBH) by 7.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm 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 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Pathstone Holdings LLC boosted its holdings in Neuberger Berman Municipal Fund by 14.2% in the third quarter. Pathstone Holdings LLC now owns 1,411,760 shares of the company’s stock worth $14,569,000 after purchasing an additional 175,923 shares during the period. Guggenheim Capital LLC boosted 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. Advisors Asset Management Inc. boosted 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. UBS Group AG boosted its holdings in Neuberger Berman Municipal Fund by 9.5% in the third quarter. UBS Group AG now owns 482,242 shares of the company’s stock worth $4,977,000 after purchasing an additional 41,991 shares during the period. Finally, Rareview Capital LLC boosted 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.

Insider Activity

In other news, major shareholder Of America Corp /De/ Bank purchased 3,200 shares of Neuberger Berman Municipal Fund stock in a transaction dated Wednesday, May 20th. The stock was bought 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 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 legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Neuberger Berman Municipal Fund Stock Down 0.1%

Neuberger Berman Municipal Fund stock opened at $10.40 on Thursday. Neuberger Berman Municipal Fund Inc. has a 12 month low of $9.69 and a 12 month high of $10.64. The company has a fifty day moving average price of $10.30 and a two-hundred day moving average price of $10.30.

Neuberger Berman Municipal Fund Dividend Announcement

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

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.