Raymond James & Associates Grows Position in Neuberger Berman Municipal Fund Inc. (NYSEAMERICAN:NBH)

Raymond James & Associates boosted its position in Neuberger Berman Municipal Fund Inc. (NYSEAMERICAN:NBH) by 30.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 82,867 shares of the company’s stock after purchasing an additional 19,284 shares during the quarter. Raymond James & Associates’ holdings in Neuberger Berman Municipal Fund were worth $858,000 at the end of the most recent quarter.

Separately, 1607 Capital Partners LLC lifted its position in Neuberger Berman Municipal Fund by 76.7% during the third quarter. 1607 Capital Partners LLC now owns 426,212 shares of the company’s stock valued at $3,925,000 after purchasing an additional 185,000 shares in the last quarter.

Neuberger Berman Municipal Fund Stock Performance

Shares of NBH opened at $10.10 on Tuesday. Neuberger Berman Municipal Fund Inc. has a 12-month low of $8.75 and a 12-month high of $10.80.

Neuberger Berman Municipal Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Tuesday, April 30th will be paid a dividend of $0.0377 per share. The ex-dividend date is Monday, April 29th. This represents a $0.45 annualized dividend and a yield of 4.49%.

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.