Neuberger Berman Municipal Fund (NYSEAMERICAN:NBH) Share Price Crosses Above Fifty Day Moving Average – Time to Sell?

Neuberger Berman Municipal Fund Inc. (NYSEAMERICAN:NBH)’s share price passed above its fifty day moving average during trading on Friday. The stock has a fifty day moving average of $9.43 and traded as high as $9.65. Neuberger Berman Municipal Fund shares last traded at $9.65, with a volume of 81,935 shares changing hands.

Neuberger Berman Municipal Fund Trading Up 2.4%

The company’s 50 day simple moving average is $9.43 and its 200-day simple moving average is $10.10.

Neuberger Berman Municipal Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, November 16th. Shareholders of record on Friday, October 30th will be given a $0.0542 dividend. This represents a $0.65 annualized dividend and a yield of 6.7%. The ex-dividend date of this dividend is Friday, October 30th.

Institutional Investors Weigh In On Neuberger Berman Municipal Fund

Large investors have recently added to or reduced their stakes in the business. Rivernorth Capital Management LLC grew its holdings in shares of Neuberger Berman Municipal Fund by 0.8% in the second quarter. Rivernorth Capital Management LLC now owns 937,491 shares of the company’s stock valued at $9,891,000 after acquiring an additional 7,716 shares in the last quarter. Robinson Capital Management LLC raised its position in shares of Neuberger Berman Municipal Fund by 20.5% in the 2nd quarter. Robinson Capital Management LLC now owns 512,302 shares of the company’s stock worth $5,405,000 after acquiring an additional 87,042 shares in the last quarter. Van ECK Associates Corp lifted its holdings in Neuberger Berman Municipal Fund by 0.4% in the 2nd quarter. Van ECK Associates Corp now owns 281,107 shares of the company’s stock valued at $2,966,000 after purchasing an additional 1,251 shares in the last quarter. Bank of America Corp DE acquired a new position in shares of Neuberger Berman Municipal Fund during the second quarter worth $1,764,000. Finally, Riverbridge Partners LLC boosted its stake in shares of Neuberger Berman Municipal Fund by 25.8% during the 3rd quarter. Riverbridge Partners LLC now owns 95,086 shares of the company’s stock worth $864,000 after acquiring an additional 19,513 shares in the last quarter.

About Neuberger Berman Municipal Fund

Neuberger Berman Municipal Fund Inc (NYSE American: NBH) is a closed-end management investment company. The fund seeks to provide current income that is exempt from regular U.S. federal income tax by investing primarily in municipal securities issued by states, cities, counties and other public entities.

The fund’s portfolio may include a range of tax-exempt municipal bonds and related obligations from issuers across the United States. Its investments may be supported by general tax revenues, specific project revenues or other sources of repayment, and are subject to the credit, interest-rate and other risks associated with municipal securities.

NBH is advised by Neuberger Berman Investment Advisers LLC, an affiliate of global asset manager Neuberger Berman.