Private Advisor Group LLC Has $2.21 Million Position in Neuberger Berman Next Generation Connectivity Fund Inc. $NBXG

Private Advisor Group LLC raised its stake in Neuberger Berman Next Generation Connectivity Fund Inc. (NYSE:NBXG) by 69.0% during the 1st quarter, Holdings Channel.com reports. The firm owned 171,475 shares of the company’s stock after buying an additional 69,984 shares during the period. Private Advisor Group LLC’s holdings in Neuberger Berman Next Generation Connectivity Fund were worth $2,207,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently modified their holdings of the stock. Morgan Stanley raised its position in shares of Neuberger Berman Next Generation Connectivity Fund by 10.2% in the fourth quarter. Morgan Stanley now owns 6,265,820 shares of the company’s stock valued at $90,478,000 after buying an additional 577,847 shares in the last quarter. Bulldog Investors LLP grew its position in Neuberger Berman Next Generation Connectivity Fund by 2.7% during the fourth quarter. Bulldog Investors LLP now owns 1,168,126 shares of the company’s stock worth $16,868,000 after buying an additional 31,140 shares in the last quarter. Bank of America Corp DE grew its position in Neuberger Berman Next Generation Connectivity Fund by 71.9% during the second quarter. Bank of America Corp DE now owns 946,968 shares of the company’s stock worth $13,826,000 after buying an additional 395,994 shares in the last quarter. City of London Investment Management Co. Ltd. increased its stake in Neuberger Berman Next Generation Connectivity Fund by 297.5% during the 3rd quarter. City of London Investment Management Co. Ltd. now owns 836,518 shares of the company’s stock worth $12,866,000 after acquiring an additional 626,077 shares during the period. Finally, Raymond James Financial Inc. raised its holdings in Neuberger Berman Next Generation Connectivity Fund by 2.0% in the 2nd quarter. Raymond James Financial Inc. now owns 766,255 shares of the company’s stock valued at $11,187,000 after acquiring an additional 14,953 shares in the last quarter.

Neuberger Berman Next Generation Connectivity Fund Stock Performance

Shares of NYSE NBXG opened at $16.14 on Friday. The stock’s fifty day moving average is $16.01 and its 200 day moving average is $14.59. Neuberger Berman Next Generation Connectivity Fund Inc. has a 52 week low of $12.32 and a 52 week high of $17.43.

Neuberger Berman Next Generation Connectivity Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, July 31st. Investors of record on Wednesday, July 15th will be issued a dividend of $0.12 per share. The ex-dividend date of this dividend is Wednesday, July 15th. This represents a c) annualized dividend and a dividend yield of 8.9%.

About Neuberger Berman Next Generation Connectivity Fund

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.