Callahan Advisors LLC Purchases New Stake in Neuberger Berman Municipal Fund Inc. (NYSEAMERICAN:NBH)

Callahan Advisors LLC purchased a new stake in shares of Neuberger Berman Municipal Fund Inc. (NYSEAMERICAN:NBH) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 73,065 shares of the company’s stock, valued at approximately $756,000.

Several other institutional investors and hedge funds have also made changes to their positions in NBH. Pathstone Holdings LLC raised its position in shares of Neuberger Berman Municipal Fund by 234.8% during the 3rd quarter. Pathstone Holdings LLC now owns 352,961 shares of the company’s stock valued at $3,922,000 after acquiring an additional 247,552 shares in the last quarter. Hennion & Walsh Asset Management Inc. raised its position in shares of Neuberger Berman Municipal Fund by 277.1% during the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 209,064 shares of the company’s stock valued at $2,323,000 after acquiring an additional 153,617 shares in the last quarter. Riverbridge Partners LLC bought a new position in Neuberger Berman Municipal Fund during the 4th quarter worth $402,000. Van ECK Associates Corp grew its stake in Neuberger Berman Municipal Fund by 15.1% during the 4th quarter. Van ECK Associates Corp now owns 247,838 shares of the company’s stock worth $2,565,000 after buying an additional 32,493 shares during the last quarter. Finally, Catalina Capital Group LLC bought a new position in Neuberger Berman Municipal Fund during the 4th quarter worth $163,000.

Neuberger Berman Municipal Fund Stock Down 0.5 %

Shares of NBH opened at $10.70 on Wednesday. Neuberger Berman Municipal Fund Inc. has a 12 month low of $10.03 and a 12 month high of $11.41.

Neuberger Berman Municipal Fund Announces Dividend

The firm also recently declared a monthly dividend, which was paid on Tuesday, February 18th. Stockholders of record on Friday, January 31st were paid a $0.0542 dividend. The ex-dividend date of this dividend was Friday, January 31st. This represents a $0.65 annualized dividend and a dividend yield of 6.08%.

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.