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

Robinson Capital Management LLC raised its holdings in Neuberger Berman Municipal Fund Inc. (NYSEAMERICAN:NBH) by 20.5% in the second quarter, Holdings Channel reports. The fund owned 512,302 shares of the company’s stock after acquiring an additional 87,042 shares during the period. Neuberger Berman Municipal Fund accounts for about 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 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Bridgewater Advisors Inc. bought a new position in shares of Neuberger Berman Municipal Fund during the 2nd quarter valued at about $533,000. Worthington Financial Partners LLC bought a new stake in Neuberger Berman Municipal Fund during the 4th quarter worth approximately $1,445,000. Fiera Capital Corp increased its stake in Neuberger Berman Municipal Fund by 65.2% during 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 in the last quarter. Cura Wealth Advisors LLC bought a new stake in Neuberger Berman Municipal Fund during the 2nd quarter worth approximately $717,000. Finally, WESCAP Management Group Inc. raised its holdings in shares of Neuberger Berman Municipal Fund by 82.5% during the fourth quarter. WESCAP Management Group Inc. now owns 76,482 shares of the company’s stock worth $774,000 after acquiring an additional 34,581 shares during the period.

Neuberger Berman Municipal Fund Price Performance

Shares of Neuberger Berman Municipal Fund 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 business’s 50 day simple moving average is $10.26 and its 200 day simple moving average is $10.29.

Neuberger Berman Municipal Fund Announces Dividend

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

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.