Neuberger Berman Municipal Fund (NYSEAMERICAN:NBH) Stock Price Down 1.4% – Should You Sell?

Shares of Neuberger Berman Municipal Fund Inc. (NYSEAMERICAN:NBH) were down 1.4% during trading on Monday . The company traded as low as $10.13 and last traded at $10.17. Approximately 84,104 shares changed hands during mid-day trading, a decline of 13% from the average daily volume of 96,650 shares. The stock had previously closed at $10.31.

Neuberger Berman Municipal Fund Stock Up 0.8%

The company’s 50 day moving average is $10.21 and its 200-day moving average is $10.29.

Neuberger Berman Municipal Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Monday, June 15th. Investors of record on Friday, May 29th will be paid a $0.0542 dividend. This represents a c) annualized dividend and a yield of 6.4%. The ex-dividend date is Friday, May 29th.

Institutional Investors Weigh In On Neuberger Berman Municipal Fund

A number of large investors have recently added to or reduced their stakes in NBH. Advisory Services Network LLC bought a new stake in shares of Neuberger Berman Municipal Fund during the 3rd quarter worth about $35,000. Elyxium Wealth LLC acquired a new stake in Neuberger Berman Municipal Fund during the 4th quarter worth approximately $43,000. Hollencrest Capital Management grew its holdings in Neuberger Berman Municipal Fund by 204.2% in the 4th quarter. Hollencrest Capital Management now owns 7,295 shares of the company’s stock valued at $74,000 after buying an additional 4,897 shares in the last quarter. PFG Investments LLC acquired a new position in Neuberger Berman Municipal Fund in the 4th quarter valued at $101,000. Finally, Nomura Holdings Inc. bought a new stake in shares of Neuberger Berman Municipal Fund in the second quarter valued at approximately $98,000.

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.