Riverbridge Partners LLC Raises Stake in Neuberger Berman Municipal Fund Inc. (NYSEAMERICAN:NBH)

Riverbridge Partners LLC lifted its position in shares of Neuberger Berman Municipal Fund Inc. (NYSEAMERICAN:NBH) by 7.2% in the first quarter, Holdings Channel reports. The firm owned 41,701 shares of the company’s stock after purchasing an additional 2,813 shares during the period. Riverbridge Partners LLC’s holdings in Neuberger Berman Municipal Fund were worth $434,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Nuveen Asset Management LLC grew its holdings in shares of Neuberger Berman Municipal Fund by 162.5% during the 4th quarter. Nuveen Asset Management LLC now owns 37,869 shares of the company’s stock worth $392,000 after purchasing an additional 23,441 shares during the period. Van ECK Associates Corp grew its position in Neuberger Berman Municipal Fund by 15.1% in the fourth quarter. Van ECK Associates Corp now owns 247,838 shares of the company’s stock valued at $2,565,000 after acquiring an additional 32,493 shares in the last quarter. Bank of America Corp DE grew its position in Neuberger Berman Municipal Fund by 53.7% in the fourth quarter. Bank of America Corp DE now owns 156,117 shares of the company’s stock valued at $1,616,000 after acquiring an additional 54,538 shares in the last quarter. Park Avenue Securities LLC grew its position in Neuberger Berman Municipal Fund by 3.7% in the first quarter. Park Avenue Securities LLC now owns 107,404 shares of the company’s stock valued at $1,117,000 after acquiring an additional 3,882 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in Neuberger Berman Municipal Fund in the fourth quarter valued at approximately $1,061,000.

Neuberger Berman Municipal Fund Stock Down 0.2%

Shares of NYSEAMERICAN:NBH opened at $9.80 on Friday. Neuberger Berman Municipal Fund Inc. has a 52-week low of $9.47 and a 52-week high of $11.41. The company has a 50 day moving average of $9.94 and a two-hundred day moving average of $10.31.

Neuberger Berman Municipal Fund Announces Dividend

The company also recently disclosed a jul 25 dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th will be given a $0.0542 dividend. This represents a yield of 6.6%. The ex-dividend date of this dividend is Monday, June 30th.

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.