Neuberger Berman Municipal Fund (NYSEAMERICAN:NBH) Stock Price Up 0.3% – Still a Buy?

Neuberger Berman Municipal Fund Inc. (NYSEAMERICAN:NBH) shares rose 0.3% on Tuesday . The company traded as high as $10.18 and last traded at $10.17. Approximately 121,358 shares changed hands during mid-day trading, an increase of 52% from the average daily volume of 80,019 shares. The stock had previously closed at $10.14.

Neuberger Berman Municipal Fund Stock Performance

The firm has a 50-day moving average price of $10.23 and a 200-day moving average price of $10.11.

Neuberger Berman Municipal Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Thursday, January 15th. Investors of record on Wednesday, December 31st will be issued a dividend of $0.0542 per share. This represents a c) dividend on an annualized basis and a yield of 6.4%. The ex-dividend date of this dividend is Wednesday, December 31st.

Institutional Investors Weigh In On Neuberger Berman Municipal Fund

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Pathstone Holdings LLC grew its stake in shares of Neuberger Berman Municipal Fund by 14.2% in the 3rd quarter. Pathstone Holdings LLC now owns 1,411,760 shares of the company’s stock worth $14,569,000 after purchasing an additional 175,923 shares during the last quarter. Mackay Shields LLC boosted its holdings in Neuberger Berman Municipal Fund by 4.5% during the third quarter. Mackay Shields LLC now owns 1,233,578 shares of the company’s stock worth $12,731,000 after buying an additional 52,597 shares in the last quarter. Advisors Asset Management Inc. grew its position in Neuberger Berman Municipal Fund by 22.0% in the third quarter. Advisors Asset Management Inc. now owns 563,388 shares of the company’s stock worth $5,814,000 after buying an additional 101,693 shares during the last quarter. UBS Group AG increased its holdings in shares of Neuberger Berman Municipal Fund by 9.5% in the third quarter. UBS Group AG now owns 482,242 shares of the company’s stock valued at $4,977,000 after buying an additional 41,991 shares in the last quarter. Finally, Guggenheim Capital LLC increased its holdings in shares of Neuberger Berman Municipal Fund by 95.9% in the second quarter. Guggenheim Capital LLC now owns 454,829 shares of the company’s stock valued at $4,471,000 after buying an additional 222,668 shares in the last quarter.

About Neuberger Berman Municipal Fund

Neuberger Berman Municipal Fund (NYSE American: NBH) is a closed-end investment company that seeks to provide shareholders with tax‐exempt income by investing primarily in a diversified portfolio of municipal securities. Managed by Neuberger Berman Management LLC, the fund focuses on high‐quality state and local government obligations, including general obligation bonds, revenue bonds and essential‐purpose debt issued by U.S. municipalities and related entities.

The fund’s portfolio construction emphasizes broad geographic diversification across the United States, targeting sectors such as transportation, education, healthcare and utilities.