Hennion & Walsh Asset Management Inc. Buys 153,617 Shares of Neuberger Berman Municipal Fund Inc. (NYSEAMERICAN:NBH)

Hennion & Walsh Asset Management Inc. boosted its position in Neuberger Berman Municipal Fund Inc. (NYSEAMERICAN:NBH) by 277.1% during the 3rd quarter, Holdings Channel.com reports. The firm owned 209,064 shares of the company’s stock after purchasing an additional 153,617 shares during the period. Hennion & Walsh Asset Management Inc.’s holdings in Neuberger Berman Municipal Fund were worth $2,323,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Kingswood Wealth Advisors LLC increased its stake in shares of Neuberger Berman Municipal Fund by 53.9% in the first quarter. Kingswood Wealth Advisors LLC now owns 20,751 shares of the company’s stock worth $217,000 after purchasing an additional 7,270 shares in the last quarter. Van ECK Associates Corp raised its holdings in Neuberger Berman Municipal Fund by 3.1% during the 1st quarter. Van ECK Associates Corp now owns 232,715 shares of the company’s stock valued at $2,437,000 after acquiring an additional 6,941 shares during the period. Matisse Capital boosted its holdings in shares of Neuberger Berman Municipal Fund by 6.6% in the first quarter. Matisse Capital now owns 135,900 shares of the company’s stock worth $1,423,000 after acquiring an additional 8,392 shares during the period. Whitebox Advisors LLC purchased a new position in shares of Neuberger Berman Municipal Fund in the first quarter valued at $976,000. Finally, Rothschild Investment LLC bought a new stake in shares of Neuberger Berman Municipal Fund during the 2nd quarter valued at $574,000.

Neuberger Berman Municipal Fund Stock Performance

Shares of NYSEAMERICAN NBH opened at $10.85 on Friday. Neuberger Berman Municipal Fund Inc. has a 52 week low of $8.75 and a 52 week high of $11.41.

Neuberger Berman Municipal Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Friday, November 15th. Investors of record on Thursday, October 31st will be issued a dividend of $0.0542 per share. This represents a $0.65 dividend on an annualized basis and a yield of 5.99%. The ex-dividend date is Thursday, October 31st.

Neuberger Berman Municipal Fund 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.