Uniting Wealth Partners LLC Takes $105,000 Position in Neuberger Berman Municipal Fund Inc. (NYSEAMERICAN:NBH)

Uniting Wealth Partners LLC bought a new stake in Neuberger Berman Municipal Fund Inc. (NYSEAMERICAN:NBH) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 10,150 shares of the company’s stock, valued at approximately $105,000.

Several other hedge funds have also recently added to or reduced their stakes in the business. Raymond James Financial Inc. bought a new position in shares of Neuberger Berman Municipal Fund during the fourth quarter valued at $1,061,000. Callahan Advisors LLC bought a new position in Neuberger Berman Municipal Fund during the 4th quarter valued at about $756,000. Noble Wealth Management PBC acquired a new position in Neuberger Berman Municipal Fund in the fourth quarter valued at about $638,000. Advisors Asset Management Inc. boosted its position in Neuberger Berman Municipal Fund by 20.7% in the fourth quarter. Advisors Asset Management Inc. now owns 305,582 shares of the company’s stock valued at $3,163,000 after buying an additional 52,317 shares in the last quarter. Finally, Riverbridge Partners LLC bought a new stake in Neuberger Berman Municipal Fund during the fourth quarter worth about $402,000.

Neuberger Berman Municipal Fund Price Performance

NYSEAMERICAN:NBH opened at $10.48 on Thursday. Neuberger Berman Municipal Fund Inc. has a 1 year low of $10.03 and a 1 year high of $11.41. The firm has a 50 day moving average price of $10.51.

Neuberger Berman Municipal Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be paid a $0.0542 dividend. This represents a $0.65 dividend on an annualized basis and a yield of 6.20%. The ex-dividend date is Monday, March 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.