HighTower Advisors LLC Buys 28,043 Shares of Neuberger Berman Municipal Fund Inc. (NYSEAMERICAN:NBH)

HighTower Advisors LLC increased its stake in shares of Neuberger Berman Municipal Fund Inc. (NYSEAMERICAN:NBH) by 85.4% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 60,863 shares of the company’s stock after buying an additional 28,043 shares during the quarter. HighTower Advisors LLC’s holdings in Neuberger Berman Municipal Fund were worth $630,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in the stock. Raymond James Financial Inc. purchased a new position in shares of Neuberger Berman Municipal Fund during the 4th quarter valued at $1,061,000. Callahan Advisors LLC purchased a new stake in Neuberger Berman Municipal Fund during the fourth quarter valued at about $756,000. Noble Wealth Management PBC bought a new position in Neuberger Berman Municipal Fund during the fourth quarter worth about $638,000. Riverbridge Partners LLC purchased a new position in shares of Neuberger Berman Municipal Fund in the fourth quarter worth about $402,000. Finally, Van ECK Associates Corp raised its position in shares of Neuberger Berman Municipal Fund by 15.1% in the fourth quarter. Van ECK Associates Corp now owns 247,838 shares of the company’s stock valued at $2,565,000 after purchasing an additional 32,493 shares during the period.

Neuberger Berman Municipal Fund Stock Down 0.6 %

NBH opened at $10.38 on Friday. The business has a 50 day simple moving average of $10.49. 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 business 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. The ex-dividend date of this dividend is Monday, March 31st. This represents a $0.65 annualized dividend and a dividend yield of 6.26%.

Neuberger Berman Municipal Fund Company 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.