Robinson Capital Management LLC Purchases 87,042 Shares of Neuberger Berman Municipal Fund Inc. $NBH

Robinson Capital Management LLC increased its position in Neuberger Berman Municipal Fund Inc. (NYSEAMERICAN:NBH) by 20.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 512,302 shares of the company’s stock after purchasing an additional 87,042 shares during the quarter. Neuberger Berman Municipal Fund makes up 2.4% of Robinson Capital Management LLC’s portfolio, making the stock its 18th biggest position. Robinson Capital Management LLC’s holdings in Neuberger Berman Municipal Fund were worth $5,405,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in NBH. Pathstone Holdings LLC lifted its position in Neuberger Berman Municipal Fund by 14.2% during the 3rd quarter. Pathstone Holdings LLC now owns 1,411,760 shares of the company’s stock valued at $14,569,000 after purchasing an additional 175,923 shares during the period. Advisors Asset Management Inc. grew its position in shares of Neuberger Berman Municipal Fund by 30.9% during the 4th quarter. Advisors Asset Management Inc. now owns 737,420 shares of the company’s stock worth $7,463,000 after buying an additional 174,032 shares during the period. Bank of America Corp DE bought a new stake in shares of Neuberger Berman Municipal Fund during the second quarter worth approximately $1,764,000. Worthington Financial Partners LLC bought a new stake in shares of Neuberger Berman Municipal Fund during the fourth quarter worth approximately $1,445,000. Finally, Rivernorth Capital Management LLC lifted its holdings in Neuberger Berman Municipal Fund by 15.0% in the fourth quarter. Rivernorth Capital Management LLC now owns 932,084 shares of the company’s stock valued at $9,433,000 after buying an additional 121,226 shares during the period.

Neuberger Berman Municipal Fund Stock Down 1.7%

Shares of NBH stock opened at $9.86 on Thursday. Neuberger Berman Municipal Fund Inc. has a 52-week low of $9.78 and a 52-week high of $10.72. The firm’s 50 day moving average price is $10.26 and its two-hundred day moving average price is $10.29.

Neuberger Berman Municipal Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Monday, August 31st will be paid a $0.0542 dividend. The ex-dividend date of this dividend is Monday, August 31st. This represents a c) dividend on an annualized basis and a dividend yield of 6.6%.

Neuberger Berman Municipal Fund Company Profile

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.