Advisors Asset Management Inc. Cuts Holdings in Neuberger Berman Municipal Fund Inc. (NYSEAMERICAN:NBH)

Advisors Asset Management Inc. trimmed its holdings in shares of Neuberger Berman Municipal Fund Inc. (NYSEAMERICAN:NBH) by 2.8% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 182,317 shares of the company’s stock after selling 5,212 shares during the quarter. Advisors Asset Management Inc.’s holdings in Neuberger Berman Municipal Fund were worth $1,909,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of NBH. Future Financial Wealth Managment LLC purchased a new position in Neuberger Berman Municipal Fund in the first quarter worth $52,000. Kingswood Wealth Advisors LLC purchased a new position in Neuberger Berman Municipal Fund in the fourth quarter worth $140,000. Private Advisor Group LLC purchased a new position in Neuberger Berman Municipal Fund in the fourth quarter worth $141,000. Blue Bell Private Wealth Management LLC grew its holdings in Neuberger Berman Municipal Fund by 39.3% in the first quarter. Blue Bell Private Wealth Management LLC now owns 19,127 shares of the company’s stock worth $200,000 after purchasing an additional 5,400 shares during the last quarter. Finally, International Assets Investment Management LLC grew its holdings in Neuberger Berman Municipal Fund by 947.2% in the fourth quarter. International Assets Investment Management LLC now owns 20,943 shares of the company’s stock worth $2,023,000 after purchasing an additional 18,943 shares during the last quarter.

Neuberger Berman Municipal Fund Trading Up 0.1 %

NYSEAMERICAN NBH opened at $11.04 on Friday. Neuberger Berman Municipal Fund Inc. has a 12-month low of $8.75 and a 12-month high of $11.10.

Neuberger Berman Municipal Fund Increases Dividend

The company also recently declared a monthly dividend, which will be paid on Thursday, August 15th. Shareholders of record on Wednesday, July 31st will be issued a $0.0542 dividend. This is a positive change from Neuberger Berman Municipal Fund’s previous monthly dividend of $0.04. This represents a $0.65 annualized dividend and a yield of 5.89%. The ex-dividend date of this dividend is Wednesday, July 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.