Callahan Advisors LLC Buys New Position in Neuberger Berman Municipal Fund Inc. (NYSEAMERICAN:NBH)

Callahan Advisors LLC bought a new stake in shares of Neuberger Berman Municipal Fund Inc. (NYSEAMERICAN:NBH) in the 4th quarter, Holdings Channel.com reports. The firm bought 73,065 shares of the company’s stock, valued at approximately $756,000.

Several other large investors have also bought and sold shares of NBH. Pathstone Holdings LLC boosted its stake in Neuberger Berman Municipal Fund by 234.8% during the third quarter. Pathstone Holdings LLC now owns 352,961 shares of the company’s stock valued at $3,922,000 after buying an additional 247,552 shares in the last quarter. Hennion & Walsh Asset Management Inc. boosted its stake 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 valued at $2,323,000 after buying an additional 153,617 shares in the last quarter. Riverbridge Partners LLC bought a new position in Neuberger Berman Municipal Fund during the fourth quarter valued at about $402,000. Van ECK Associates Corp lifted its holdings in shares of Neuberger Berman Municipal Fund by 15.1% during the fourth quarter. Van ECK Associates Corp now owns 247,838 shares of the company’s stock valued at $2,565,000 after purchasing an additional 32,493 shares during the last quarter. Finally, Catalina Capital Group LLC purchased a new stake in shares of Neuberger Berman Municipal Fund during the fourth quarter valued at $163,000.

Neuberger Berman Municipal Fund Stock Performance

Shares of NYSEAMERICAN NBH opened at $10.70 on Wednesday. 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 Dividend Announcement

The business also recently announced a monthly dividend, which was paid on Tuesday, February 18th. Stockholders of record on Friday, January 31st were issued a dividend of $0.0542 per share. This represents a $0.65 annualized dividend and a dividend yield of 6.08%. The ex-dividend date was Friday, January 31st.

Neuberger Berman Municipal Fund Company 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.