Melfa Wealth Management Inc. Reduces Position in Neuberger Berman Municipal Fund Inc. (NYSEAMERICAN:NBH)

Melfa Wealth Management Inc. lowered its position in Neuberger Berman Municipal Fund Inc. (NYSEAMERICAN:NBH) by 0.4% in the 3rd quarter, Holdings Channel reports. The firm owned 223,178 shares of the company’s stock after selling 981 shares during the quarter. Neuberger Berman Municipal Fund accounts for approximately 1.6% of Melfa Wealth Management Inc.’s portfolio, making the stock its 11th biggest position. Melfa Wealth Management Inc.’s holdings in Neuberger Berman Municipal Fund were worth $2,480,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the business. Sanctuary Advisors LLC purchased a new stake in Neuberger Berman Municipal Fund in the 2nd quarter valued at about $667,000. Kingswood Wealth Advisors LLC increased its stake in shares of Neuberger Berman Municipal Fund by 53.9% during the first quarter. Kingswood Wealth Advisors LLC now owns 20,751 shares of the company’s stock valued at $217,000 after buying an additional 7,270 shares during the period. Almitas Capital LLC raised its holdings in shares of Neuberger Berman Municipal Fund by 73.0% in the second quarter. Almitas Capital LLC now owns 62,971 shares of the company’s stock valued at $673,000 after acquiring an additional 26,569 shares in the last quarter. Future Financial Wealth Managment LLC purchased a new stake in Neuberger Berman Municipal Fund in the first quarter worth about $52,000. Finally, Van ECK Associates Corp grew its holdings in Neuberger Berman Municipal Fund by 4.9% during the 2nd quarter. Van ECK Associates Corp now owns 244,200 shares of the company’s stock worth $2,608,000 after acquiring an additional 11,485 shares in the last quarter.

Neuberger Berman Municipal Fund Price Performance

NYSEAMERICAN NBH traded up $0.01 during trading on Thursday, reaching $11.10. 29,171 shares of the company’s stock traded hands, compared to its average volume of 76,780. Neuberger Berman Municipal Fund Inc. has a 12-month low of $8.75 and a 12-month high of $11.41.

Neuberger Berman Municipal Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, November 15th. Investors of record on Thursday, October 31st will be paid a $0.0542 dividend. This represents a $0.65 dividend on an annualized basis and a yield of 5.86%. The ex-dividend date is Thursday, 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.