Neuberger Berman Next Generation Connectivity Fund Inc. $NBXG Shares Sold by Sit Investment Associates Inc.

Sit Investment Associates Inc. reduced its position in Neuberger Berman Next Generation Connectivity Fund Inc. (NYSE:NBXG) by 28.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,018,961 shares of the company’s stock after selling 405,020 shares during the quarter. Sit Investment Associates Inc.’s holdings in Neuberger Berman Next Generation Connectivity Fund were worth $14,714,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Compound Planning Inc. lifted its holdings in Neuberger Berman Next Generation Connectivity Fund by 5.3% during the 4th quarter. Compound Planning Inc. now owns 44,386 shares of the company’s stock worth $641,000 after buying an additional 2,230 shares during the last quarter. Invesco Ltd. increased its holdings in shares of Neuberger Berman Next Generation Connectivity Fund by 6.7% in the 4th quarter. Invesco Ltd. now owns 40,677 shares of the company’s stock valued at $587,000 after acquiring an additional 2,543 shares during the last quarter. NewEdge Advisors LLC raised its position in shares of Neuberger Berman Next Generation Connectivity Fund by 9.5% during the 4th quarter. NewEdge Advisors LLC now owns 60,421 shares of the company’s stock valued at $872,000 after acquiring an additional 5,249 shares in the last quarter. Readystate Asset Management LP acquired a new stake in shares of Neuberger Berman Next Generation Connectivity Fund during the 4th quarter valued at approximately $309,000. Finally, Evolve Private Wealth LLC bought a new position in Neuberger Berman Next Generation Connectivity Fund during the fourth quarter worth $1,597,000.

Neuberger Berman Next Generation Connectivity Fund Stock Up 4.3%

Neuberger Berman Next Generation Connectivity Fund stock opened at $17.16 on Friday. The company has a fifty day moving average price of $15.35 and a two-hundred day moving average price of $14.40. Neuberger Berman Next Generation Connectivity Fund Inc. has a 12 month low of $12.32 and a 12 month high of $17.28.

Neuberger Berman Next Generation Connectivity Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be given a $0.12 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 8.4%. The ex-dividend date is Monday, June 15th.

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.