ProVise Management Group LLC Acquires 9,375 Shares of Neuberger Berman Municipal Fund Inc (NYSEAMERICAN:NBH)

ProVise Management Group LLC raised its stake in shares of Neuberger Berman Municipal Fund Inc (NYSEAMERICAN:NBH) by 14.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 74,244 shares of the company’s stock after purchasing an additional 9,375 shares during the quarter. ProVise Management Group LLC’s holdings in Neuberger Berman Municipal Fund were worth $1,065,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in NBH. Oppenheimer & Co. Inc. grew its holdings in shares of Neuberger Berman Municipal Fund by 4.2% in the 4th quarter. Oppenheimer & Co. Inc. now owns 25,450 shares of the company’s stock valued at $322,000 after buying an additional 1,016 shares during the period. Advisors Asset Management Inc. grew its holdings in shares of Neuberger Berman Municipal Fund by 8.1% in the 4th quarter. Advisors Asset Management Inc. now owns 211,740 shares of the company’s stock valued at $2,681,000 after buying an additional 15,872 shares during the period. Raymond James & Associates grew its holdings in shares of Neuberger Berman Municipal Fund by 1.9% in the 4th quarter. Raymond James & Associates now owns 109,081 shares of the company’s stock valued at $1,381,000 after buying an additional 1,996 shares during the period. Raymond James Financial Services Advisors Inc. boosted its stake in Neuberger Berman Municipal Fund by 32.1% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 62,582 shares of the company’s stock worth $792,000 after purchasing an additional 15,215 shares during the period. Finally, RMB Capital Management LLC acquired a new position in Neuberger Berman Municipal Fund in the 4th quarter worth $470,000.

Shares of Neuberger Berman Municipal Fund stock traded down $0.07 during trading hours on Friday, reaching $14.58. 40,125 shares of the company’s stock were exchanged, compared to its average volume of 48,688. Neuberger Berman Municipal Fund Inc has a fifty-two week low of $12.45 and a fifty-two week high of $14.91.

The business also recently announced a monthly dividend, which was paid on Monday, June 17th. Shareholders of record on Friday, May 31st were given a $0.0624 dividend. The ex-dividend date was Thursday, May 30th. This represents a $0.75 dividend on an annualized basis and a yield of 5.14%.

Neuberger Berman Municipal Fund Company Profile

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.

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Institutional Ownership by Quarter for Neuberger Berman Municipal Fund (NYSEAMERICAN:NBH)

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