Uniting Wealth Partners LLC Buys Shares of 10,150 Neuberger Berman Municipal Fund Inc. (NYSEAMERICAN:NBH)

Uniting Wealth Partners LLC purchased a new position in Neuberger Berman Municipal Fund Inc. (NYSEAMERICAN:NBH) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 10,150 shares of the company’s stock, valued at approximately $105,000.

Other hedge funds have also modified their holdings of the company. Advisors Asset Management Inc. lifted its stake in Neuberger Berman Municipal Fund by 20.7% in the fourth quarter. Advisors Asset Management Inc. now owns 305,582 shares of the company’s stock valued at $3,163,000 after acquiring an additional 52,317 shares during the last quarter. Van ECK Associates Corp raised its holdings in shares of Neuberger Berman Municipal Fund by 15.1% during the 4th quarter. Van ECK Associates Corp now owns 247,838 shares of the company’s stock valued at $2,565,000 after purchasing an additional 32,493 shares in the last quarter. Hennion & Walsh Asset Management Inc. lifted its stake in shares of Neuberger Berman Municipal Fund by 8.3% in the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 226,394 shares of the company’s stock valued at $2,343,000 after purchasing an additional 17,330 shares during the last quarter. Park Avenue Securities LLC boosted its holdings in Neuberger Berman Municipal Fund by 2.5% in the fourth quarter. Park Avenue Securities LLC now owns 103,522 shares of the company’s stock worth $1,071,000 after purchasing an additional 2,554 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new position in Neuberger Berman Municipal Fund during the fourth quarter worth $1,061,000.

Neuberger Berman Municipal Fund Price Performance

NBH opened at $10.48 on Thursday. The stock has a 50 day moving average of $10.51. Neuberger Berman Municipal Fund Inc. has a twelve month low of $10.03 and a twelve month high of $11.41.

Neuberger Berman Municipal Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be paid a $0.0542 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $0.65 dividend on an annualized basis and a dividend yield of 6.20%.

About Neuberger Berman Municipal Fund

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.