Conrad Siegel Investment Advisors Inc. Makes New Investment in Neuberger Berman Municipal Fund Inc. (NYSEAMERICAN:NBH)

Conrad Siegel Investment Advisors Inc. bought a new stake in Neuberger Berman Municipal Fund Inc. (NYSEAMERICAN:NBH) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 12,759 shares of the company’s stock, valued at approximately $132,000.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Ashton Thomas Private Wealth LLC acquired a new position in Neuberger Berman Municipal Fund during the second quarter worth approximately $91,000. Whitebox Advisors LLC increased its holdings in shares of Neuberger Berman Municipal Fund by 167.6% during the 2nd quarter. Whitebox Advisors LLC now owns 249,474 shares of the company’s stock worth $2,664,000 after acquiring an additional 156,249 shares during the last quarter. Almitas Capital LLC raised its stake in Neuberger Berman Municipal Fund by 73.0% in the 2nd quarter. Almitas Capital LLC now owns 62,971 shares of the company’s stock valued at $673,000 after acquiring an additional 26,569 shares during the period. Sanctuary Advisors LLC acquired a new stake in Neuberger Berman Municipal Fund during the 2nd quarter valued at $667,000. Finally, Hennion & Walsh Asset Management Inc. boosted its position in Neuberger Berman Municipal Fund by 277.1% during the third quarter. Hennion & Walsh Asset Management Inc. now owns 209,064 shares of the company’s stock worth $2,323,000 after purchasing an additional 153,617 shares during the period.

Neuberger Berman Municipal Fund Price Performance

Shares of NBH traded down $0.06 during trading hours on Monday, hitting $10.14. The company had a trading volume of 117,544 shares, compared to its average volume of 90,292. Neuberger Berman Municipal Fund Inc. has a 12 month low of $10.03 and a 12 month high of $11.41.

Neuberger Berman Municipal Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be issued a $0.0542 dividend. The ex-dividend date is Tuesday, December 31st. This represents a $0.65 annualized dividend and a yield of 6.41%.

About Neuberger Berman Municipal Fund

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.