Neuberger Berman Municipal Fund Inc. (NYSEAMERICAN:NBH) Shares Sold by Ackerman Capital Advisors LLC

Ackerman Capital Advisors LLC lowered its stake in shares of Neuberger Berman Municipal Fund Inc. (NYSEAMERICAN:NBH) by 9.3% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 77,427 shares of the company’s stock after selling 7,895 shares during the quarter. Ackerman Capital Advisors LLC’s holdings in Neuberger Berman Municipal Fund were worth $860,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Whitebox Advisors LLC boosted its holdings in Neuberger Berman Municipal Fund by 167.6% in the second quarter. Whitebox Advisors LLC now owns 249,474 shares of the company’s stock valued at $2,664,000 after acquiring an additional 156,249 shares during the last quarter. Hennion & Walsh Asset Management Inc. lifted its stake in shares of Neuberger Berman Municipal Fund by 277.1% in the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 209,064 shares of the company’s stock valued at $2,323,000 after purchasing an additional 153,617 shares in the last quarter. Sanctuary Advisors LLC purchased a new stake in shares of Neuberger Berman Municipal Fund during the 2nd quarter worth about $667,000. Rothschild Investment LLC acquired a new stake in Neuberger Berman Municipal Fund during the 2nd quarter worth approximately $574,000. Finally, Blue Bell Private Wealth Management LLC raised its holdings in Neuberger Berman Municipal Fund by 201.0% in the second quarter. Blue Bell Private Wealth Management LLC now owns 57,581 shares of the company’s stock valued at $615,000 after buying an additional 38,454 shares during the period.

Neuberger Berman Municipal Fund Price Performance

Shares of Neuberger Berman Municipal Fund stock opened at $10.85 on Friday. Neuberger Berman Municipal Fund Inc. has a twelve month low of $8.75 and a twelve month high of $11.41.

Neuberger Berman Municipal Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, November 15th. Stockholders of record on Thursday, October 31st will be paid a dividend of $0.0542 per share. The ex-dividend date of this dividend is Thursday, October 31st. This represents a $0.65 dividend on an annualized basis and a dividend yield of 5.99%.

Neuberger Berman Municipal Fund Profile

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.