Key Points
- Major shareholder Bank of America Corp. bought 3,200 shares of Neuberger Berman Municipal Fund (NBH) at an average price of $10.26, a transaction worth $32,832.
- The fund recently объявed a monthly dividend of $0.0542 per share, payable June 15 to shareholders of record on May 29, implying an annualized yield of about 6.3%.
- NBH shares were trading near $10.27, close to their 50-day and 200-day moving averages, and within a narrow range of their 52-week low of $9.69 and high of $10.64.
Neuberger Berman Municipal Fund Inc. (NYSEAMERICAN:NBH - Get Free Report) major shareholder Of America Corp /De/ Bank bought 3,200 shares of the stock in a transaction dated Wednesday, May 20th. The stock was bought at an average price of $10.26 per share, for a total transaction of $32,832.00. Following the purchase, the insider directly owned 3,200 shares of the company's stock, valued at approximately $32,832. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Large shareholders that own at least 10% of a company's stock are required to disclose their transactions with the SEC.
Neuberger Berman Municipal Fund Stock Performance
Shares of NBH opened at $10.27 on Friday. Neuberger Berman Municipal Fund Inc. has a 52 week low of $9.69 and a 52 week high of $10.64. The stock's 50-day moving average price is $10.21 and its 200-day moving average price is $10.29.
Neuberger Berman Municipal Fund Announces Dividend
The business also recently announced a monthly dividend, which will be paid on Monday, June 15th. Stockholders of record on Friday, May 29th will be paid a $0.0542 dividend. The ex-dividend date is Friday, May 29th. This represents a c) dividend on an annualized basis and a dividend yield of 6.3%.
Institutional Trading of Neuberger Berman Municipal Fund
Hedge funds have recently modified their holdings of the stock. Advisory Services Network LLC purchased a new position in Neuberger Berman Municipal Fund during the third quarter worth approximately $35,000. Elyxium Wealth LLC purchased a new position in Neuberger Berman Municipal Fund during the fourth quarter worth approximately $43,000. Hollencrest Capital Management boosted its position in Neuberger Berman Municipal Fund by 204.2% during the fourth quarter. Hollencrest Capital Management now owns 7,295 shares of the company's stock worth $74,000 after purchasing an additional 4,897 shares in the last quarter. Nomura Holdings Inc. purchased a new position in Neuberger Berman Municipal Fund during the second quarter worth approximately $98,000. Finally, PFG Investments LLC purchased a new position in Neuberger Berman Municipal Fund during the fourth quarter worth approximately $101,000.
About Neuberger Berman Municipal Fund
(
Get Free Report)
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.
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