Bank of New York Mellon Corp Trims Holdings in Neuberger Berman Municipal Fund Inc. (NYSEAMERICAN:NBH)

Bank of New York Mellon Corp lowered its holdings in Neuberger Berman Municipal Fund Inc. (NYSEAMERICAN:NBH) by 56.6% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 29,242 shares of the company’s stock after selling 38,135 shares during the period. Bank of New York Mellon Corp’s holdings in Neuberger Berman Municipal Fund were worth $312,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Kingswood Wealth Advisors LLC lifted its stake in Neuberger Berman Municipal Fund by 53.9% in the first quarter. Kingswood Wealth Advisors LLC now owns 20,751 shares of the company’s stock worth $217,000 after acquiring an additional 7,270 shares during the period. Future Financial Wealth Managment LLC purchased a new stake in shares of Neuberger Berman Municipal Fund in the 1st quarter worth about $52,000. Van ECK Associates Corp lifted its position in shares of Neuberger Berman Municipal Fund by 3.1% in the 1st quarter. Van ECK Associates Corp now owns 232,715 shares of the company’s stock worth $2,437,000 after purchasing an additional 6,941 shares during the period. Whitebox Advisors LLC bought a new stake in shares of Neuberger Berman Municipal Fund during the 1st quarter valued at about $976,000. Finally, Matisse Capital increased its position in shares of Neuberger Berman Municipal Fund by 6.6% during the first quarter. Matisse Capital now owns 135,900 shares of the company’s stock valued at $1,423,000 after buying an additional 8,392 shares during the period.

Neuberger Berman Municipal Fund Price Performance

NBH stock opened at $11.21 on Thursday. Neuberger Berman Municipal Fund Inc. has a fifty-two week low of $8.75 and a fifty-two week high of $11.41.

Neuberger Berman Municipal Fund Announces Dividend

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 issued a $0.0542 dividend. The ex-dividend date of this dividend is Monday, September 30th. This represents a $0.65 dividend on an annualized basis and a yield of 5.80%.

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.