ProVise Management Group LLC Cuts Stake in Neuberger Berman Municipal Fund Inc. (NYSEAMERICAN:NBH)

ProVise Management Group LLC reduced its stake in shares of Neuberger Berman Municipal Fund Inc. (NYSEAMERICAN:NBH) by 4.7% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,137 shares of the company’s stock after selling 1,000 shares during the quarter. ProVise Management Group LLC’s holdings in Neuberger Berman Municipal Fund were worth $215,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. Future Financial Wealth Managment LLC bought a new position in shares of Neuberger Berman Municipal Fund during the 1st quarter valued at approximately $52,000. Ashton Thomas Private Wealth LLC bought a new position in shares of Neuberger Berman Municipal Fund during the 2nd quarter valued at approximately $91,000. Private Advisor Group LLC bought a new position in shares of Neuberger Berman Municipal Fund during the 4th quarter valued at approximately $141,000. Kingswood Wealth Advisors LLC boosted its position in shares of Neuberger Berman Municipal Fund by 53.9% during the 1st quarter. Kingswood Wealth Advisors LLC now owns 20,751 shares of the company’s stock valued at $217,000 after acquiring an additional 7,270 shares during the last quarter. Finally, NINE MASTS CAPITAL Ltd boosted its position in shares of Neuberger Berman Municipal Fund by 114.1% during the 2nd quarter. NINE MASTS CAPITAL Ltd now owns 36,298 shares of the company’s stock valued at $388,000 after acquiring an additional 19,348 shares during the last quarter.

Neuberger Berman Municipal Fund Stock Performance

NYSEAMERICAN NBH opened at $11.27 on Friday. Neuberger Berman Municipal Fund Inc. has a 52 week low of $8.75 and a 52 week high of $11.41.

Neuberger Berman Municipal Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th will be paid a dividend of $0.0542 per share. This represents a $0.65 annualized dividend and a yield of 5.77%. The ex-dividend date is Monday, September 30th.

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.