Bridgewater Advisors Inc. Makes New $533,000 Investment in Neuberger Berman Municipal Fund Inc. $NBH

Bridgewater Advisors Inc. bought a new stake in shares of Neuberger Berman Municipal Fund Inc. (NYSEAMERICAN:NBH) during the 2nd quarter, Holdings Channel reports. The firm bought 52,633 shares of the company’s stock, valued at approximately $533,000.

A number of other institutional investors have also recently made changes to their positions in the stock. Rareview Capital LLC raised its holdings in shares of Neuberger Berman Municipal Fund by 26.1% during the fourth quarter. Rareview Capital LLC now owns 417,737 shares of the company’s stock valued at $4,106,000 after purchasing an additional 86,519 shares during the last quarter. Worthington Financial Partners LLC purchased a new stake in Neuberger Berman Municipal Fund in the fourth quarter worth approximately $1,445,000. Fiera Capital Corp grew its position in Neuberger Berman Municipal Fund by 65.2% in the 4th quarter. Fiera Capital Corp now owns 287,691 shares of the company’s stock worth $2,911,000 after purchasing an additional 113,534 shares during the period. PFG Investments LLC bought a new stake in Neuberger Berman Municipal Fund in the 4th quarter worth approximately $101,000. Finally, Advisory Services Network LLC purchased a new stake in Neuberger Berman Municipal Fund during the 3rd quarter valued at $35,000.

Neuberger Berman Municipal Fund Price Performance

NYSEAMERICAN NBH opened at $10.33 on Friday. Neuberger Berman Municipal Fund Inc. has a 1-year low of $9.76 and a 1-year high of $10.72. The business’s fifty day moving average price is $10.37 and its 200-day moving average price is $10.33.

Neuberger Berman Municipal Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Monday, August 17th. Investors of record on Friday, July 31st will be given a dividend of $0.0542 per share. This represents a c) dividend on an annualized basis and a yield of 6.3%. The ex-dividend date is Friday, July 31st.

Insiders Place Their Bets

In other news, major shareholder Of America Corp /De/ Bank bought 3,200 shares of the company’s stock in a transaction on Wednesday, May 20th. The shares were acquired at an average cost of $10.26 per share, with a total value of $32,832.00. Following the completion of the transaction, the insider owned 3,200 shares of the company’s stock, valued at approximately $32,832. This trade represents a ∞ increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Neuberger Berman Municipal Fund 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.