Neuberger Berman Municipal Fund Inc. (NYSEAMERICAN:NBH) Shares Purchased by UBS Group AG

UBS Group AG boosted its stake in Neuberger Berman Municipal Fund Inc. (NYSEAMERICAN:NBH – Get Rating) by 13.7% during the 3rd quarter, HoldingsChannel reports. The fund owned 412,323 shares of the company’s stock after buying an additional 49,699 shares during the period. UBS Group AG’s holdings in Neuberger Berman Municipal Fund were worth $4,173,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in NBH. Robinson Capital Management LLC raised its holdings in Neuberger Berman Municipal Fund by 39.1% in the third quarter. Robinson Capital Management LLC now owns 236,093 shares of the company’s stock valued at $2,399,000 after acquiring an additional 66,354 shares in the last quarter. Guggenheim Capital LLC increased its stake in Neuberger Berman Municipal Fund by 32.8% during the first quarter. Guggenheim Capital LLC now owns 241,655 shares of the company’s stock valued at $3,209,000 after purchasing an additional 59,722 shares during the last quarter. Moors & Cabot Inc. bought a new stake in Neuberger Berman Municipal Fund during the second quarter valued at $563,000. Arete Wealth Advisors LLC bought a new stake in Neuberger Berman Municipal Fund during the third quarter valued at $439,000. Finally, Landscape Capital Management L.L.C. bought a new stake in Neuberger Berman Municipal Fund during the second quarter valued at $370,000.

Neuberger Berman Municipal Fund Stock Performance

NBH stock opened at $10.34 on Thursday. Neuberger Berman Municipal Fund Inc. has a 1-year low of $9.60 and a 1-year high of $14.45.

Neuberger Berman Municipal Fund Cuts Dividend

The firm also recently announced a monthly dividend, which will be paid on Wednesday, March 15th. Shareholders of record on Tuesday, February 28th will be paid a dividend of $0.0377 per share. The ex-dividend date is Monday, February 27th. This represents a $0.45 annualized dividend and a yield of 4.38%.

Neuberger Berman Municipal Fund Profile

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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.