Neuberger Berman Next Generation Connectivity Fund Inc. (NYSE:NBXG – Get Free Report) declared a monthly dividend on Monday, August 31st. Shareholders of record on Tuesday, September 15th will be given a dividend of 0.12 per share on Wednesday, September 30th. This represents a c) annualized dividend and a yield of 9.4%. The ex-dividend date is Tuesday, September 15th.
Neuberger Berman Next Generation Connectivity Fund Price Performance
NBXG opened at $15.40 on Friday. Neuberger Berman Next Generation Connectivity Fund has a 12 month low of $12.32 and a 12 month high of $17.43. The business has a 50 day simple moving average of $15.34 and a 200-day simple moving average of $14.92.
Institutional Investors Weigh In On Neuberger Berman Next Generation Connectivity Fund
Several institutional investors have recently made changes to their positions in NBXG. Integrated Wealth Concepts LLC acquired a new stake in shares of Neuberger Berman Next Generation Connectivity Fund in the second quarter valued at about $33,000. Kestra Advisory Services LLC acquired a new position in Neuberger Berman Next Generation Connectivity Fund during the fourth quarter worth about $47,000. Geneos Wealth Management Inc. purchased a new position in Neuberger Berman Next Generation Connectivity Fund in the first quarter valued at about $57,000. Rockefeller Capital Management L.P. lifted its position in shares of Neuberger Berman Next Generation Connectivity Fund by 24.4% during the 4th 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, Global Retirement Partners LLC purchased a new stake in shares of Neuberger Berman Next Generation Connectivity Fund during the 4th quarter worth approximately $62,000.
Neuberger Berman Next Generation Connectivity Fund Company Profile
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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