Sit Investment Associates Inc. Sells 83,731 Shares of Neuberger Berman Municipal Fund Inc. (NYSEAMERICAN:NBH)

Sit Investment Associates Inc. cut its holdings in shares of Neuberger Berman Municipal Fund Inc. (NYSEAMERICAN:NBH) by 6.1% during the fourth quarter, Holdings Channel reports. The fund owned 1,279,509 shares of the company’s stock after selling 83,731 shares during the period. Sit Investment Associates Inc.’s holdings in Neuberger Berman Municipal Fund were worth $13,243,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Global Retirement Partners LLC acquired a new stake in Neuberger Berman Municipal Fund in the 4th quarter valued at about $25,000. Atala Financial Inc bought a new stake in shares of Neuberger Berman Municipal Fund during the fourth quarter valued at approximately $67,000. Wolverine Asset Management LLC acquired a new stake in shares of Neuberger Berman Municipal Fund in the fourth quarter valued at approximately $91,000. Uniting Wealth Partners LLC bought a new position in Neuberger Berman Municipal Fund in the 4th quarter worth approximately $105,000. Finally, Walleye Capital LLC acquired a new position in Neuberger Berman Municipal Fund during the 3rd quarter worth $129,000.

Neuberger Berman Municipal Fund Trading Down 1.6 %

Shares of NBH opened at $10.35 on Friday. The firm’s fifty day moving average price is $10.52. Neuberger Berman Municipal Fund Inc. has a 12-month low of $10.03 and a 12-month high of $11.41.

Neuberger Berman Municipal Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be given a dividend of $0.0542 per share. This represents a $0.65 annualized dividend and a dividend yield of 6.28%. The ex-dividend date of this dividend is Monday, March 31st.

About Neuberger Berman Municipal Fund

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.