NewEdge Advisors LLC Has $1.51 Million Position in Neuberger Berman Next Generation Connectivity Fund Inc. $NBXG

NewEdge Advisors LLC grew its position in Neuberger Berman Next Generation Connectivity Fund Inc. (NYSE:NBXGFree Report) by 94.2% during the 1st quarter, HoldingsChannel reports. The firm owned 117,358 shares of the company’s stock after purchasing an additional 56,937 shares during the quarter. NewEdge Advisors LLC’s holdings in Neuberger Berman Next Generation Connectivity Fund were worth $1,510,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Kestra Advisory Services LLC acquired a new position in shares of Neuberger Berman Next Generation Connectivity Fund in the 4th quarter valued at $47,000. Geneos Wealth Management Inc. bought a new position in Neuberger Berman Next Generation Connectivity Fund during the first quarter worth about $57,000. Global Retirement Partners LLC bought a new position in Neuberger Berman Next Generation Connectivity Fund during the fourth quarter worth about $62,000. Rockefeller Capital Management L.P. grew its stake in Neuberger Berman Next Generation Connectivity Fund by 24.4% in the fourth quarter. Rockefeller Capital Management L.P. now owns 4,266 shares of the company’s stock valued at $62,000 after acquiring an additional 837 shares during the period. Finally, Fifth Third Bancorp bought a new stake in shares of Neuberger Berman Next Generation Connectivity Fund in the first quarter worth about $63,000.

Neuberger Berman Next Generation Connectivity Fund Stock Performance

NYSE:NBXG opened at $15.87 on Monday. The business’s 50-day simple moving average is $15.72 and its 200-day simple moving average is $14.70. Neuberger Berman Next Generation Connectivity Fund Inc. has a fifty-two week low of $12.32 and a fifty-two week high of $17.43.

Neuberger Berman Next Generation Connectivity Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Monday, August 31st. Shareholders of record on Monday, August 17th will be issued a dividend of $0.12 per share. This represents a c) annualized dividend and a yield of 9.1%. The ex-dividend date is Monday, August 17th.

Neuberger Berman Next Generation Connectivity Fund 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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