Wolverine Asset Management LLC Acquires Shares of 27,795 Neuberger Berman Municipal Fund Inc. $NBH

Wolverine Asset Management LLC acquired a new stake in shares of Neuberger Berman Municipal Fund Inc. (NYSEAMERICAN:NBH) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 27,795 shares of the company’s stock, valued at approximately $273,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in NBH. Envestnet Asset Management Inc. lifted its holdings in Neuberger Berman Municipal Fund by 5.4% during the first quarter. Envestnet Asset Management Inc. now owns 117,356 shares of the company’s stock valued at $1,221,000 after purchasing an additional 5,992 shares in the last quarter. Callahan Advisors LLC raised its holdings in shares of Neuberger Berman Municipal Fund by 1.6% during the first quarter. Callahan Advisors LLC now owns 74,205 shares of the company’s stock valued at $772,000 after acquiring an additional 1,140 shares during the last quarter. Grant GrossMendelsohn LLC raised its holdings in shares of Neuberger Berman Municipal Fund by 11.9% during the first quarter. Grant GrossMendelsohn LLC now owns 28,198 shares of the company’s stock valued at $286,000 after acquiring an additional 3,000 shares during the last quarter. Bridgewater Advisors Inc. acquired a new position in shares of Neuberger Berman Municipal Fund during the first quarter valued at approximately $361,000. Finally, Alteri Wealth LLC acquired a new position in shares of Neuberger Berman Municipal Fund during the first quarter valued at approximately $136,000.

Neuberger Berman Municipal Fund Price Performance

Shares of Neuberger Berman Municipal Fund stock opened at $10.31 on Monday. The business has a 50 day simple moving average of $10.26 and a two-hundred day simple moving average of $10.02. Neuberger Berman Municipal Fund Inc. has a 12 month low of $9.47 and a 12 month high of $10.94.

Neuberger Berman Municipal Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, November 17th. Shareholders of record on Friday, October 31st will be issued a dividend of $0.0542 per share. The ex-dividend date of this dividend is Friday, October 31st. This represents a c) dividend on an annualized basis and a dividend yield of 6.3%.

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.