Hennion & Walsh Asset Management Inc. Has $1.68 Million Stock Position in Neuberger Berman Municipal Fund Inc. $NBH

Hennion & Walsh Asset Management Inc. lowered its stake in shares of Neuberger Berman Municipal Fund Inc. (NYSEAMERICAN:NBH) by 27.1% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 159,603 shares of the company’s stock after selling 59,225 shares during the period. Hennion & Walsh Asset Management Inc.’s holdings in Neuberger Berman Municipal Fund were worth $1,684,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in NBH. Rareview Capital LLC increased its holdings in Neuberger Berman Municipal Fund by 26.1% during the fourth quarter. Rareview Capital LLC now owns 417,737 shares of the company’s stock worth $4,106,000 after buying an additional 86,519 shares during the last quarter. Worthington Financial Partners LLC acquired a new stake in Neuberger Berman Municipal Fund in the fourth quarter valued at $1,445,000. Fiera Capital Corp lifted its stake in Neuberger Berman Municipal Fund by 65.2% in the fourth quarter. Fiera Capital Corp now owns 287,691 shares of the company’s stock valued at $2,911,000 after acquiring an additional 113,534 shares during the last quarter. PFG Investments LLC bought a new position in shares of Neuberger Berman Municipal Fund in the 4th quarter valued at about $101,000. Finally, Bridgewater Advisors Inc. grew its position in shares of Neuberger Berman Municipal Fund by 42.1% in the 4th quarter. Bridgewater Advisors Inc. now owns 50,633 shares of the company’s stock valued at $523,000 after acquiring an additional 15,000 shares during the period.

Neuberger Berman Municipal Fund Stock Performance

Neuberger Berman Municipal Fund stock opened at $10.18 on Wednesday. The company’s 50-day moving average is $10.37 and its 200-day moving average is $10.33. Neuberger Berman Municipal Fund Inc. has a fifty-two week low of $9.76 and a fifty-two week high of $10.72.

Neuberger Berman Municipal Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Monday, August 17th. Investors of record on Friday, July 31st will be issued a dividend of $0.0542 per share. The ex-dividend date is Friday, July 31st. This represents a c) dividend on an annualized basis and a yield of 6.4%.

Insiders Place Their Bets

In other Neuberger Berman Municipal Fund news, major shareholder Of America Corp /De/ Bank purchased 3,200 shares of the stock in a transaction on Wednesday, May 20th. The shares were purchased at an average price of $10.26 per share, with a total value of $32,832.00. Following the completion of the transaction, the insider directly owned 3,200 shares in the company, valued at $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 accessible through the SEC website.

Neuberger Berman Municipal Fund Company Profile

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.