Quantedge Capital Pte Ltd Purchases 27,900 Shares of Neuberger Berman Next Generation Connectivity Fund Inc. (NYSE:NBXG)

Quantedge Capital Pte Ltd raised its holdings in shares of Neuberger Berman Next Generation Connectivity Fund Inc. (NYSE:NBXG) by 18.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 181,562 shares of the company’s stock after purchasing an additional 27,900 shares during the quarter. Quantedge Capital Pte Ltd’s holdings in Neuberger Berman Next Generation Connectivity Fund were worth $2,313,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in NBXG. Cornerstone Wealth Management LLC raised its position in Neuberger Berman Next Generation Connectivity Fund by 6.0% during the 4th quarter. Cornerstone Wealth Management LLC now owns 109,978 shares of the company’s stock valued at $1,401,000 after purchasing an additional 6,196 shares in the last quarter. Flagship Harbor Advisors LLC raised its stake in Neuberger Berman Next Generation Connectivity Fund by 9.4% in the fourth quarter. Flagship Harbor Advisors LLC now owns 27,115 shares of the company’s stock worth $345,000 after buying an additional 2,333 shares in the last quarter. Kingswood Wealth Advisors LLC bought a new position in Neuberger Berman Next Generation Connectivity Fund in the fourth quarter worth approximately $463,000. Kavar Capital Partners Group LLC bought a new position in shares of Neuberger Berman Next Generation Connectivity Fund during the 4th quarter worth approximately $403,000. Finally, AlphaStar Capital Management LLC raised its stake in shares of Neuberger Berman Next Generation Connectivity Fund by 13.5% during the 4th quarter. AlphaStar Capital Management LLC now owns 35,925 shares of the company’s stock worth $458,000 after acquiring an additional 4,272 shares in the last quarter.

Neuberger Berman Next Generation Connectivity Fund Trading Up 0.2%

NYSE NBXG opened at $13.34 on Thursday. The company has a 50 day moving average price of $12.13 and a 200 day moving average price of $12.81. Neuberger Berman Next Generation Connectivity Fund Inc. has a 52 week low of $10.05 and a 52 week high of $13.86.

Neuberger Berman Next Generation Connectivity Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Friday, May 30th. Stockholders of record on Thursday, May 15th will be issued a dividend of $0.10 per share. The ex-dividend date is Thursday, May 15th. This represents a $1.20 annualized dividend and a dividend yield of 9.00%.

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.