Mackay Shields LLC Increases Stock Position in Neuberger Berman Municipal Fund Inc. $NBH

Mackay Shields LLC grew its holdings in shares of Neuberger Berman Municipal Fund Inc. (NYSEAMERICAN:NBH) by 4.5% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,233,578 shares of the company’s stock after purchasing an additional 52,597 shares during the period. Mackay Shields LLC’s holdings in Neuberger Berman Municipal Fund were worth $12,731,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the business. Ackerman Capital Advisors LLC boosted its stake in shares of Neuberger Berman Municipal Fund by 25.0% in the third quarter. Ackerman Capital Advisors LLC now owns 89,798 shares of the company’s stock valued at $927,000 after buying an additional 17,933 shares in the last quarter. Hennion & Walsh Asset Management Inc. boosted its position in shares of Neuberger Berman Municipal Fund by 2.3% during the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 236,306 shares of the company’s stock worth $2,439,000 after purchasing an additional 5,306 shares in the last quarter. Riverbridge Partners LLC grew its stake in shares of Neuberger Berman Municipal Fund by 51.5% during the 3rd quarter. Riverbridge Partners LLC now owns 66,506 shares of the company’s stock worth $686,000 after purchasing an additional 22,619 shares during the period. Osaic Holdings Inc. increased its holdings in shares of Neuberger Berman Municipal Fund by 14.0% in the 2nd quarter. Osaic Holdings Inc. now owns 15,102 shares of the company’s stock valued at $148,000 after purchasing an additional 1,859 shares in the last quarter. Finally, Nomura Holdings Inc. acquired a new stake in shares of Neuberger Berman Municipal Fund in the second quarter valued at about $98,000.

Neuberger Berman Municipal Fund Stock Performance

Shares of NBH opened at $10.31 on Wednesday. Neuberger Berman Municipal Fund Inc. has a twelve month low of $9.47 and a twelve month high of $10.82. The firm’s 50-day moving average is $10.23 and its two-hundred day moving average is $10.13.

Neuberger Berman Municipal Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Thursday, January 15th. Investors of record on Wednesday, December 31st will be paid a $0.0542 dividend. This represents a c) annualized dividend and a yield of 6.3%. The ex-dividend date of this dividend is Wednesday, December 31st.

About Neuberger Berman Municipal Fund

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.