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A secret that hides Neuberger Berman Municipal Fund Inc.’s strength (NYSE:NBH)

January 25, 2023
in Industry

Stocks of Neuberger Berman Municipal Fund Inc. (NYSE:NBH) traded higher last session on Wall Street, up 2.88% to $12.14.

NBH stock price is now 11.71% away from the 50-day moving average and 9.09% away from the 200-day moving average. The market capitalization of the company currently stands at $228.74M.

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There have been several recent changes in the stakes of large investors in NBH stock. A new stake in Neuberger Berman Municipal Fund Inc. shares was purchased by COHEN & STEERS, INC. during the first quarter worth $637,000. ARETE WEALTH ADVISORS, LLC invested $526,000 in shares of NBH during the first quarter. In the first quarter, BAR HARBOR WEALTH MANAGEMENT acquired a new stake in Neuberger Berman Municipal Fund Inc. valued at approximately $241,000. NELSON, VAN DENBURG & CAMPBELL WEALTH MANAGEMENT GROUP, LLC acquired a new stake in NBH for approximately $220,000. MARINER INVESTMENT GROUP LLC purchased a new stake in NBH valued at around $168,000 in the second quarter. In total, there are 53 active investors with 16.62% ownership of the company’s stock.

Tuesday’s opening bell rang with an opening price of $11.80 for Neuberger Berman Municipal Fund Inc. (NYSE: NBH). During the past 12 months, Neuberger Berman Municipal Fund Inc. has had a low of $9.60 and a high of $15.03. The fifty day moving average price for NBH is $10.87 and a two-hundred day moving average price translates $11.13 for the stock.

The latest earnings results from Neuberger Berman Municipal Fund Inc. (NYSE: NBH) was released for Apr, 2022.

Moreover, the firm recently paid out its quarterly dividend on 02/15/2023. Investors who held shares on 01/31/2023 were paid a $0.05025 dividend. On an annualized basis, this represents a $0.60 dividend and a 4.97% percent yield. There was an ex-dividend date of 01/30/2023 for this dividend.

Neuberger Berman Municipal Fund Inc.(NBH) 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. It seeks to invest in securities rated in the four highest categories by a nationally recognized statistical rating organization. The fund seeks to maintain a weighted average duration of between three and eight years. Neuberger Berman Intermediate Municipal Fund Inc. was formed on July 29, 2002 and is domiciled in the United States.

Tags: NBHNBH stockNeuberger Berman Municipal Fund Inc.NYSE:NBH

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