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NEUBERGER BERMAN MUNICIPAL FUND ANNOUNCES MONTHLY DISTRIBUTION
PRNewswire (Fri, 15-Mar 4:30 PM ET)
Fund’s investment objective is to provide common stockholders a high level of current income exempt from Federal income tax. The fund utilizes leverage through the issuance of preferred stock
Neuberger Berman Municipal trades on the AMEX stock market under the symbol NBH.
As of March 28, 2024, NBH stock price climbed to $10.47 with 47,571 million shares trading.
NBH has a beta of 0.70, meaning it tends to be less sensitive to market movements. NBH has a correlation of 0.34 to the broad based SPY ETF.
NBH has a market cap of $310.10 million. This is considered a Small Cap stock.
In the last 3 years, NBH stock traded as high as $17.47 and as low as $8.75.
NBH has underperformed the market in the last year with a price return of +5.3% while the SPY ETF gained +33.6%. NBH has also underperformed the stock market ETF in the last 3 month and 2 week periods returning +2.9% and +0.6%, respectively, while the SPY returned +10.1% and +1.7%, respectively.
NBH support price is $10.35 and resistance is $10.49 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that NBH stock will trade within this expected range on the day.