Ackerman Capital Advisors LLC Raises Stock Holdings in Neuberger Berman Municipal Fund Inc. (NYSEAMERICAN:NBH)

Ackerman Capital Advisors LLC boosted its position in Neuberger Berman Municipal Fund Inc. (NYSEAMERICAN:NBH) by 3.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 80,482 shares of the company’s stock after purchasing an additional 3,055 shares during the quarter. Ackerman Capital Advisors LLC’s holdings in Neuberger Berman Municipal Fund were worth $833,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in NBH. Global Retirement Partners LLC purchased a new stake in shares of Neuberger Berman Municipal Fund in the 4th quarter worth about $25,000. Farther Finance Advisors LLC bought a new stake in Neuberger Berman Municipal Fund during the third quarter worth about $36,000. Wolverine Asset Management LLC bought a new stake in Neuberger Berman Municipal Fund during the fourth quarter worth about $91,000. Walleye Capital LLC purchased a new stake in Neuberger Berman Municipal Fund in the third quarter worth about $129,000. Finally, Conrad Siegel Investment Advisors Inc. bought a new position in shares of Neuberger Berman Municipal Fund during the fourth quarter valued at approximately $132,000.

Neuberger Berman Municipal Fund Price Performance

Shares of NBH opened at $10.81 on Wednesday. Neuberger Berman Municipal Fund Inc. has a 52 week low of $10.03 and a 52 week high of $11.41.

Neuberger Berman Municipal Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Monday, March 17th. Shareholders of record on Friday, February 28th will be issued a $0.0542 dividend. This represents a $0.65 annualized dividend and a yield of 6.01%. The ex-dividend date is Friday, February 28th.

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.