Rareview Capital LLC Purchases Shares of 157,355 Neuberger Berman Municipal Fund Inc. $NBH

Rareview Capital LLC purchased a new stake in Neuberger Berman Municipal Fund Inc. (NYSEAMERICAN:NBH) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 157,355 shares of the company’s stock, valued at approximately $1,547,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Wolverine Asset Management LLC bought a new stake in Neuberger Berman Municipal Fund in the 2nd quarter valued at $273,000. Envestnet Asset Management Inc. boosted its stake in shares of Neuberger Berman Municipal Fund by 4.4% in the 2nd quarter. Envestnet Asset Management Inc. now owns 122,495 shares of the company’s stock valued at $1,204,000 after purchasing an additional 5,139 shares in the last quarter. Integrated Capital Management Inc. boosted its stake in shares of Neuberger Berman Municipal Fund by 14.9% in the 2nd quarter. Integrated Capital Management Inc. now owns 24,736 shares of the company’s stock valued at $243,000 after purchasing an additional 3,216 shares in the last quarter. Mackay Shields LLC boosted its stake in shares of Neuberger Berman Municipal Fund by 25.5% in the 2nd quarter. Mackay Shields LLC now owns 1,180,981 shares of the company’s stock valued at $11,609,000 after purchasing an additional 239,589 shares in the last quarter. Finally, Plancorp LLC boosted its stake in shares of Neuberger Berman Municipal Fund by 25.0% in the 2nd quarter. Plancorp LLC now owns 50,009 shares of the company’s stock valued at $492,000 after purchasing an additional 10,000 shares in the last quarter.

Neuberger Berman Municipal Fund Stock Performance

Shares of NYSEAMERICAN:NBH opened at $10.26 on Tuesday. Neuberger Berman Municipal Fund Inc. has a 52 week low of $9.47 and a 52 week high of $10.94. The company’s fifty day moving average is $10.27 and its 200-day moving average is $10.03.

Neuberger Berman Municipal Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, November 17th. Stockholders of record on Friday, October 31st will be paid a $0.0542 dividend. This represents a c) annualized dividend and a dividend yield of 6.3%. The ex-dividend date is Friday, October 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.