Neuberger Berman Municipal Fund (NYSEAMERICAN:NBH) Trading Up 0.7% – Should You Buy?

Neuberger Berman Municipal Fund Inc. (NYSEAMERICAN:NBH)’s share price shot up 0.7% during trading on Monday . The stock traded as high as $10.41 and last traded at $10.38. Approximately 100,159 shares were traded during trading, an increase of 3% from the average daily volume of 97,378 shares. The stock had previously closed at $10.31.

Neuberger Berman Municipal Fund Trading Up 0.2%

The stock has a fifty day moving average of $10.39 and a two-hundred day moving average of $10.33.

Neuberger Berman Municipal Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th will be paid a dividend of $0.0542 per share. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a c) annualized dividend and a dividend yield of 6.2%.

Insider Buying and Selling at Neuberger Berman Municipal Fund

In other Neuberger Berman Municipal Fund news, major shareholder Of America Corp /De/ Bank acquired 3,200 shares of the business’s stock in a transaction dated Wednesday, May 20th. The stock was bought at an average price of $10.26 per share, with a total value of $32,832.00. Following the purchase, the insider owned 3,200 shares of the company’s stock, valued at approximately $32,832. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Institutional Trading of Neuberger Berman Municipal Fund

Several hedge funds have recently added to or reduced their stakes in NBH. Advisory Services Network LLC bought a new position in shares of Neuberger Berman Municipal Fund during the third quarter valued at about $35,000. Elyxium Wealth LLC purchased a new stake in Neuberger Berman Municipal Fund during the 4th quarter valued at about $43,000. Hollencrest Capital Management grew its position in Neuberger Berman Municipal Fund by 204.2% during the 4th quarter. Hollencrest Capital Management now owns 7,295 shares of the company’s stock worth $74,000 after acquiring an additional 4,897 shares during the last quarter. Nomura Holdings Inc. bought a new position in Neuberger Berman Municipal Fund during the 2nd quarter worth approximately $98,000. Finally, PFG Investments LLC purchased a new position in Neuberger Berman Municipal Fund in the 4th quarter worth approximately $101,000.

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.