Wolverine Asset Management LLC Takes Position in Neuberger Berman Municipal Fund Inc. (NYSEAMERICAN:NBH)

Wolverine Asset Management LLC purchased a new stake in shares of Neuberger Berman Municipal Fund Inc. (NYSEAMERICAN:NBH) in the 4th quarter, HoldingsChannel reports. The institutional investor purchased 8,799 shares of the company’s stock, valued at approximately $91,000.

Several other institutional investors have also made changes to their positions in the company. Global Retirement Partners LLC acquired a new stake in Neuberger Berman Municipal Fund in the 4th quarter worth approximately $25,000. Farther Finance Advisors LLC acquired a new stake in Neuberger Berman Municipal Fund in the 3rd quarter worth approximately $36,000. Walleye Capital LLC acquired a new stake in Neuberger Berman Municipal Fund in the 3rd quarter worth approximately $129,000. Conrad Siegel Investment Advisors Inc. acquired a new stake in Neuberger Berman Municipal Fund in the 4th quarter worth approximately $132,000. Finally, Catalina Capital Group LLC acquired a new stake in Neuberger Berman Municipal Fund in the 4th quarter worth approximately $163,000.

Neuberger Berman Municipal Fund Trading Down 0.6 %

NBH opened at $10.69 on Tuesday. Neuberger Berman Municipal Fund Inc. has a twelve month low of $10.03 and a twelve month high of $11.41.

Neuberger Berman Municipal Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, March 17th. Shareholders of record on Friday, February 28th will be given a $0.0542 dividend. This represents a $0.65 annualized dividend and a yield of 6.08%. The ex-dividend date of this dividend is Friday, February 28th.

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.