Neuberger Berman Municipal Fund (NYSEAMERICAN:NBH) Major Shareholder Acquires $32,832.00 in Stock

Neuberger Berman Municipal Fund Inc. (NYSEAMERICAN:NBH) major shareholder Of America Corp /De/ Bank purchased 3,200 shares of the firm’s stock in a transaction on 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 purchase, the insider owned 3,200 shares of the company’s stock, valued at approximately $32,832. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Major shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

Neuberger Berman Municipal Fund Stock Up 0.4%

Shares of NYSEAMERICAN:NBH traded up $0.04 during trading on Friday, hitting $10.29. 26,989 shares of the company were exchanged, compared to its average volume of 94,804. Neuberger Berman Municipal Fund Inc. has a fifty-two week low of $9.69 and a fifty-two week high of $10.64. The firm has a fifty day moving average price of $10.21 and a two-hundred day moving average price of $10.29.

Neuberger Berman Municipal Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Monday, June 15th. Investors of record on Friday, May 29th will be issued a dividend of $0.0542 per share. This represents a c) dividend on an annualized basis and a yield of 6.3%. The ex-dividend date is Friday, May 29th.

Institutional Trading of Neuberger Berman Municipal Fund

A number of large investors have recently added to or reduced their stakes in the company. Kestra Advisory Services LLC grew its position in shares of Neuberger Berman Municipal Fund by 7.9% in the 1st quarter. Kestra Advisory Services LLC now owns 19,760 shares of the company’s stock valued at $201,000 after acquiring an additional 1,448 shares during the period. Osaic Holdings Inc. raised its holdings in shares of Neuberger Berman Municipal Fund by 14.0% in the 2nd quarter. Osaic Holdings Inc. now owns 15,102 shares of the company’s stock valued at $148,000 after purchasing an additional 1,859 shares during the period. Hollencrest Capital Management lifted its stake in Neuberger Berman Municipal Fund by 32.8% in the 1st quarter. Hollencrest Capital Management now owns 9,687 shares of the company’s stock valued at $98,000 after purchasing an additional 2,392 shares during the last quarter. Envestnet Asset Management Inc. lifted its stake in Neuberger Berman Municipal Fund by 2.1% in the 3rd quarter. Envestnet Asset Management Inc. now owns 125,105 shares of the company’s stock valued at $1,291,000 after purchasing an additional 2,610 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its holdings in Neuberger Berman Municipal Fund by 14.6% during the first quarter. Bank of New York Mellon Corp now owns 22,036 shares of the company’s stock worth $224,000 after purchasing an additional 2,804 shares during the period.

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.