Sit Investment Associates Inc. Has $13.24 Million Position in Neuberger Berman Municipal Fund Inc. (NYSEAMERICAN:NBH)

Sit Investment Associates Inc. lessened its stake in shares of Neuberger Berman Municipal Fund Inc. (NYSEAMERICAN:NBH) by 6.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,279,509 shares of the company’s stock after selling 83,731 shares during the period. Sit Investment Associates Inc.’s holdings in Neuberger Berman Municipal Fund were worth $13,243,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of NBH. Walleye Capital LLC bought a new stake in shares of Neuberger Berman Municipal Fund in the third quarter valued at approximately $129,000. Conrad Siegel Investment Advisors Inc. acquired a new position in Neuberger Berman Municipal Fund during the 4th quarter valued at $132,000. Integrated Capital Management Inc. boosted its holdings in Neuberger Berman Municipal Fund by 7.8% in the 4th quarter. Integrated Capital Management Inc. now owns 19,385 shares of the company’s stock valued at $201,000 after purchasing an additional 1,399 shares during the period. Park Avenue Securities LLC boosted its holdings in Neuberger Berman Municipal Fund by 2.5% in the 4th quarter. Park Avenue Securities LLC now owns 103,522 shares of the company’s stock valued at $1,071,000 after purchasing an additional 2,554 shares during the period. Finally, Hennion & Walsh Asset Management Inc. grew its position in 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 worth $2,343,000 after purchasing an additional 17,330 shares during the last quarter.

Neuberger Berman Municipal Fund Trading Down 1.6 %

Shares of NYSEAMERICAN:NBH opened at $10.35 on Friday. Neuberger Berman Municipal Fund Inc. has a 1-year low of $10.03 and a 1-year high of $11.41. The stock’s 50 day moving average price is $10.52.

Neuberger Berman Municipal Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be issued a $0.0542 dividend. This represents a $0.65 annualized dividend and a yield of 6.28%. The ex-dividend date is Monday, March 31st.

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.