Hennion & Walsh Asset Management Inc. Sells 59,225 Shares of Neuberger Berman Municipal Fund Inc. $NBH

Hennion & Walsh Asset Management Inc. lowered its stake in Neuberger Berman Municipal Fund Inc. (NYSEAMERICAN:NBH) by 27.1% during the second quarter, Holdings Channel reports. 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 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Kestra Advisory Services LLC lifted its position in Neuberger Berman Municipal Fund by 7.9% during the first quarter. Kestra Advisory Services LLC now owns 19,760 shares of the company’s stock worth $201,000 after acquiring an additional 1,448 shares during the last quarter. Osaic Holdings Inc. boosted its holdings in shares of Neuberger Berman Municipal Fund by 14.0% during the second quarter. Osaic Holdings Inc. now owns 15,102 shares of the company’s stock worth $148,000 after acquiring an additional 1,859 shares during the period. Hollencrest Capital Management grew its position in shares of Neuberger Berman Municipal Fund by 32.8% in the first 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. Bank of New York Mellon Corp grew its position in shares of Neuberger Berman Municipal Fund by 14.6% in the first quarter. Bank of New York Mellon Corp now owns 22,036 shares of the company’s stock valued at $224,000 after purchasing an additional 2,804 shares during the last quarter. Finally, Ackerman Capital Advisors LLC increased its stake in shares of Neuberger Berman Municipal Fund by 3.5% during the fourth quarter. Ackerman Capital Advisors LLC now owns 92,972 shares of the company’s stock worth $941,000 after purchasing an additional 3,174 shares during the period.

Neuberger Berman Municipal Fund Trading Down 0.2%

Shares of NYSEAMERICAN NBH opened at $10.18 on Wednesday. The business’s 50 day moving average is $10.37 and its 200-day moving average is $10.33. Neuberger Berman Municipal Fund Inc. has a 1-year low of $9.76 and a 1-year high of $10.72.

Neuberger Berman Municipal Fund Announces Dividend

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

Insiders Place Their Bets

In other news, major shareholder Of America Corp /De/ Bank acquired 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, for a total transaction of $32,832.00. Following the transaction, the insider directly 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 document filed with the Securities & Exchange Commission, which is accessible through this link.

Neuberger Berman Municipal Fund 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.