Napa Wealth Management Decreases Holdings in Neuberger Berman Municipal Fund Inc. (NYSEAMERICAN:NBH)

Napa Wealth Management trimmed its stake in Neuberger Berman Municipal Fund Inc. (NYSEAMERICAN:NBH) by 14.3% during the third quarter, Holdings Channel reports. The fund owned 16,949 shares of the company’s stock after selling 2,829 shares during the period. Napa Wealth Management’s holdings in Neuberger Berman Municipal Fund were worth $188,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently modified their holdings of the stock. Sanctuary Advisors LLC purchased a new stake in Neuberger Berman Municipal Fund during the second quarter valued at about $667,000. Almitas Capital LLC lifted its stake in shares of Neuberger Berman Municipal Fund by 73.0% during the 2nd quarter. Almitas Capital LLC now owns 62,971 shares of the company’s stock valued at $673,000 after buying an additional 26,569 shares in the last quarter. Van ECK Associates Corp boosted its holdings in Neuberger Berman Municipal Fund by 4.9% in the 2nd quarter. Van ECK Associates Corp now owns 244,200 shares of the company’s stock worth $2,608,000 after buying an additional 11,485 shares during the period. Ashton Thomas Private Wealth LLC purchased a new position in Neuberger Berman Municipal Fund in the 2nd quarter valued at approximately $91,000. Finally, Blue Bell Private Wealth Management LLC grew its stake in Neuberger Berman Municipal Fund by 201.0% in the 2nd quarter. Blue Bell Private Wealth Management LLC now owns 57,581 shares of the company’s stock valued at $615,000 after buying an additional 38,454 shares in the last quarter.

Neuberger Berman Municipal Fund Stock Performance

NYSEAMERICAN:NBH opened at $10.67 on Tuesday. Neuberger Berman Municipal Fund Inc. has a 1 year low of $9.62 and a 1 year high of $11.41.

Neuberger Berman Municipal Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 29th will be issued a dividend of $0.0542 per share. The ex-dividend date of this dividend is Friday, November 29th. This represents a $0.65 dividend on an annualized basis and a yield of 6.09%.

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.