Rivernorth Capital Management LLC grew its position in shares of Neuberger Berman New York Muncipl Fd Inc (NYSEAMERICAN:NBO) by 37.0% during the second quarter, Holdings Channel reports. The fund owned 356,455 shares of the company’s stock after purchasing an additional 96,275 shares during the period. Rivernorth Capital Management LLC’s holdings in Neuberger Berman New York Muncipl Fd were worth $4,370,000 as of its most recent SEC filing.
Separately, Wells Fargo & Company MN grew its holdings in shares of Neuberger Berman New York Muncipl Fd by 16.4% during the 2nd quarter. Wells Fargo & Company MN now owns 30,414 shares of the company’s stock worth $373,000 after acquiring an additional 4,282 shares during the period.
Shares of NBO stock traded up $0.02 during midday trading on Friday, reaching $12.39. 268 shares of the stock were exchanged, compared to its average volume of 14,818. Neuberger Berman New York Muncipl Fd Inc has a 1 year low of $11.00 and a 1 year high of $12.85.
About Neuberger Berman New York Muncipl Fd
Neuberger Berman New York Municipal Fund, Inc is a closed-ended fixed income mutual fund launched and managed by Neuberger Berman Management LLC. The fund is co-managed by Neuberger Berman LLC. It invests in the fixed income markets of the United States. The fund primarily invests in tax-exempt municipal bonds with remaining maturities of less than 15 years.
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