Closed End Fund Advisors Inc. Buys Shares of 43,397 Neuberger Berman Next Generation Connectivity Fund Inc. $NBXG

Closed End Fund Advisors Inc. bought a new stake in shares of Neuberger Berman Next Generation Connectivity Fund Inc. (NYSE:NBXGFree Report) in the 4th quarter, HoldingsChannel reports. The firm bought 43,397 shares of the company’s stock, valued at approximately $627,000.

Other hedge funds have also bought and sold shares of the company. Global Retirement Partners LLC bought a new stake in Neuberger Berman Next Generation Connectivity Fund during the fourth quarter valued at approximately $62,000. Geneos Wealth Management Inc. bought a new stake in Neuberger Berman Next Generation Connectivity Fund during the first quarter valued at approximately $57,000. Activest Wealth Management bought a new stake in Neuberger Berman Next Generation Connectivity Fund during the fourth quarter valued at approximately $108,000. Ameritas Advisory Services LLC lifted its holdings in shares of Neuberger Berman Next Generation Connectivity Fund by 527.5% in the 3rd quarter. Ameritas Advisory Services LLC now owns 7,530 shares of the company’s stock worth $116,000 after acquiring an additional 6,330 shares during the last quarter. Finally, Assetmark Inc. bought a new stake in shares of Neuberger Berman Next Generation Connectivity Fund in the 4th quarter worth approximately $147,000.

Neuberger Berman Next Generation Connectivity Fund Stock Performance

Shares of NBXG opened at $15.89 on Friday. Neuberger Berman Next Generation Connectivity Fund Inc. has a fifty-two week low of $12.32 and a fifty-two week high of $16.94. The firm has a 50 day moving average price of $14.75 and a 200-day moving average price of $14.27.

Neuberger Berman Next Generation Connectivity Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be issued a $0.12 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 9.1%. The ex-dividend date is Monday, June 15th.

Neuberger Berman Next Generation Connectivity Fund Company Profile

(Free Report)

The Neuberger Berman Next Generation Connectivity Fund (NYSE:NBXG) is an actively managed, closed-end fund dedicated to investing in companies driving the evolution of global connectivity infrastructure. Launched in February 2024 by Neuberger Berman, NBXG seeks total return by building a diversified portfolio of equity and equity-related securities in firms involved in 5G networks, fiber-optic systems, satellite communications, data centers, cloud computing, and other emerging technologies that support faster and more reliable digital connections.

Under its investment strategy, NBXG allocates capital across hardware and software providers, telecommunications carriers, semiconductor manufacturers, and equipment suppliers that benefit from the rollout and expansion of next-generation networks.

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Institutional Ownership by Quarter for Neuberger Berman Next Generation Connectivity Fund (NYSE:NBXG)

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