Flagship Harbor Advisors LLC Boosts Position in Neuberger Berman Next Generation Connectivity Fund Inc. $NBXG

Flagship Harbor Advisors LLC grew its holdings in shares of Neuberger Berman Next Generation Connectivity Fund Inc. (NYSE:NBXG) by 49.2% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 47,382 shares of the company’s stock after buying an additional 15,620 shares during the period. Flagship Harbor Advisors LLC’s holdings in Neuberger Berman Next Generation Connectivity Fund were worth $692,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in NBXG. CWM LLC grew its stake in Neuberger Berman Next Generation Connectivity Fund by 3,621.7% in the first quarter. CWM LLC now owns 18,497 shares of the company’s stock worth $227,000 after purchasing an additional 18,000 shares during the period. Beverly Hills Private Wealth LLC grew its stake in Neuberger Berman Next Generation Connectivity Fund by 7.4% in the first quarter. Beverly Hills Private Wealth LLC now owns 117,533 shares of the company’s stock worth $1,440,000 after purchasing an additional 8,051 shares during the period. Kingswood Wealth Advisors LLC grew its stake in Neuberger Berman Next Generation Connectivity Fund by 19.7% in the second 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 during the period. Wealth Enhancement Advisory Services LLC grew its stake in Neuberger Berman Next Generation Connectivity Fund by 17.8% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 336,495 shares of the company’s stock worth $4,936,000 after purchasing an additional 50,829 shares during the period. Finally, Penserra Capital Management LLC grew its stake in Neuberger Berman Next Generation Connectivity Fund by 0.3% in the first quarter. Penserra Capital Management LLC now owns 361,950 shares of the company’s stock worth $4,433,000 after purchasing an additional 1,168 shares during the period.

Neuberger Berman Next Generation Connectivity Fund Price Performance

NYSE NBXG opened at $15.31 on Friday. Neuberger Berman Next Generation Connectivity Fund Inc. has a 12 month low of $10.05 and a 12 month high of $15.65. The stock’s fifty day moving average price is $15.09 and its 200-day moving average price is $14.20.

Neuberger Berman Next Generation Connectivity Fund Increases Dividend

The business also recently announced a monthly dividend, which was paid on Friday, October 31st. Stockholders of record on Wednesday, October 15th were paid a $0.12 dividend. This is an increase from Neuberger Berman Next Generation Connectivity Fund’s previous monthly dividend of $0.10. This represents a c) dividend on an annualized basis and a dividend yield of 9.4%. The ex-dividend date of this dividend was Wednesday, October 15th.

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.