Penserra Capital Management LLC Buys 11,020 Shares of Neuberger Berman Next Generation Connectivity Fund Inc. $NBXG

Penserra Capital Management LLC boosted its stake in Neuberger Berman Next Generation Connectivity Fund Inc. (NYSE:NBXG) by 3.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 372,970 shares of the company’s stock after purchasing an additional 11,020 shares during the quarter. Penserra Capital Management LLC’s holdings in Neuberger Berman Next Generation Connectivity Fund were worth $5,445,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Flagship Harbor Advisors LLC lifted its holdings in shares of Neuberger Berman Next Generation Connectivity Fund by 49.2% in the second quarter. Flagship Harbor Advisors LLC now owns 47,382 shares of the company’s stock worth $692,000 after buying an additional 15,620 shares in the last quarter. Corrado Advisors LLC increased its holdings in Neuberger Berman Next Generation Connectivity Fund by 4.9% during the 2nd quarter. Corrado Advisors LLC now owns 173,512 shares of the company’s stock worth $2,533,000 after acquiring an additional 8,065 shares during the period. Allspring Global Investments Holdings LLC lifted its stake in Neuberger Berman Next Generation Connectivity Fund by 28.8% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 163,499 shares of the company’s stock worth $2,387,000 after purchasing an additional 36,520 shares in the last quarter. Kingswood Wealth Advisors LLC lifted its stake in Neuberger Berman Next Generation Connectivity Fund by 19.7% in the 2nd quarter. Kingswood Wealth Advisors LLC now owns 45,434 shares of the company’s stock worth $663,000 after purchasing an additional 7,488 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC boosted its holdings in Neuberger Berman Next Generation Connectivity Fund by 17.8% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 336,495 shares of the company’s stock valued at $4,936,000 after purchasing an additional 50,829 shares during the period.

Neuberger Berman Next Generation Connectivity Fund Stock Performance

NBXG opened at $14.77 on Monday. Neuberger Berman Next Generation Connectivity Fund Inc. has a one year low of $10.05 and a one year high of $15.65. The company has a fifty day moving average price of $15.12 and a 200-day moving average price of $14.36.

Neuberger Berman Next Generation Connectivity Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Friday, November 28th. Shareholders of record on Monday, November 17th will be issued a $0.12 dividend. The ex-dividend date of this dividend is Monday, November 17th. This represents a c) annualized dividend and a dividend yield of 9.7%.

Neuberger Berman Next Generation Connectivity Fund Company Profile

Neuberger Berman Next Generation Connectivity Fund Inc (NBXG) is a newly organized, non-diversified, limited term closed-end management investment company focused on next generation mobile network connectivity and technology.

The Fund’s investment strategy focuses on equity securities issued by U.S.