Neuberger Berman Municipal Fund (NYSEAMERICAN:NBH) Stock Price Down 0.2% – Time to Sell?

Shares of Neuberger Berman Municipal Fund Inc. (NYSEAMERICAN:NBH) dropped 0.2% during trading on Thursday . The stock traded as low as $10.12 and last traded at $10.15. Approximately 95,705 shares were traded during mid-day trading, a decline of 0% from the average session volume of 95,860 shares. The stock had previously closed at $10.17.

Neuberger Berman Municipal Fund Stock Up 1.2%

The company’s fifty day simple moving average is $10.37 and its 200-day simple moving average is $10.34.

Neuberger Berman Municipal Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Monday, August 17th. Stockholders of record on Friday, July 31st will be given a dividend of $0.0542 per share. This represents a c) annualized dividend and a dividend yield of 6.3%. The ex-dividend date is Friday, July 31st.

Insiders Place Their Bets

In other Neuberger Berman Municipal Fund news, major shareholder Of America Corp /De/ Bank purchased 3,200 shares of the company’s stock in a transaction that occurred on Wednesday, May 20th. The stock was 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 of the company’s stock, valued at approximately $32,832. This trade represents a ? increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Institutional Investors Weigh In On Neuberger Berman Municipal Fund

Several large investors have recently modified their holdings of NBH. Advisory Services Network LLC bought a new position in shares of Neuberger Berman Municipal Fund during the 3rd quarter worth approximately $35,000. Elyxium Wealth LLC acquired a new position in Neuberger Berman Municipal Fund during the fourth quarter worth $43,000. Hollencrest Capital Management lifted its holdings in shares of Neuberger Berman Municipal Fund by 204.2% during the fourth quarter. Hollencrest Capital Management now owns 7,295 shares of the company’s stock valued at $74,000 after acquiring an additional 4,897 shares during the period. Nomura Holdings Inc. bought a new position in shares of Neuberger Berman Municipal Fund during the second quarter valued at $98,000. Finally, PFG Investments LLC acquired a new stake in shares of Neuberger Berman Municipal Fund in the 4th quarter valued at $101,000.

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.