Capital Market Strategies LLC Lowers Stake in Neuberger Berman Municipal Fund Inc. (NYSEAMERICAN:NBH)

Capital Market Strategies LLC reduced its holdings in shares of Neuberger Berman Municipal Fund Inc. (NYSEAMERICAN:NBH) by 3.4% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 28,398 shares of the company’s stock after selling 1,000 shares during the period. Capital Market Strategies LLC’s holdings in Neuberger Berman Municipal Fund were worth $316,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of NBH. Kingswood Wealth Advisors LLC lifted its position in 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 period. Future Financial Wealth Managment LLC purchased a new position in Neuberger Berman Municipal Fund during the 1st quarter valued at about $52,000. Van ECK Associates Corp lifted its position in Neuberger Berman Municipal Fund by 3.1% during the 1st quarter. Van ECK Associates Corp now owns 232,715 shares of the company’s stock valued at $2,437,000 after acquiring an additional 6,941 shares during the period. Matisse Capital lifted its position in Neuberger Berman Municipal Fund by 6.6% during the 1st quarter. Matisse Capital now owns 135,900 shares of the company’s stock valued at $1,423,000 after acquiring an additional 8,392 shares during the period. Finally, Whitebox Advisors LLC bought a new stake in Neuberger Berman Municipal Fund during the 1st quarter valued at about $976,000.

Neuberger Berman Municipal Fund Price Performance

NYSEAMERICAN:NBH opened at $11.21 on Friday. 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 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. The ex-dividend date is Monday, September 30th. This represents a $0.65 dividend on an annualized basis and a yield of 5.80%.

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.