Raymond James & Associates Has $620,000 Holdings in Neuberger Berman Next Generation Connectivity Fund Inc. (NYSE:NBXG)

Raymond James & Associates increased its holdings in Neuberger Berman Next Generation Connectivity Fund Inc. (NYSE:NBXG) by 39.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 56,693 shares of the company’s stock after purchasing an additional 15,974 shares during the quarter. Raymond James & Associates’ holdings in Neuberger Berman Next Generation Connectivity Fund were worth $620,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of NBXG. Commonwealth Equity Services LLC bought a new stake in shares of Neuberger Berman Next Generation Connectivity Fund in the third quarter worth $105,000. Dakota Wealth Management grew its stake in shares of Neuberger Berman Next Generation Connectivity Fund by 8.3% in the third quarter. Dakota Wealth Management now owns 70,720 shares of the company’s stock worth $737,000 after purchasing an additional 5,425 shares during the last quarter. Blue Bell Private Wealth Management LLC boosted its position in Neuberger Berman Next Generation Connectivity Fund by 12.1% during the third quarter. Blue Bell Private Wealth Management LLC now owns 56,621 shares of the company’s stock valued at $590,000 after acquiring an additional 6,107 shares during the last quarter. Private Advisor Group LLC boosted its position in Neuberger Berman Next Generation Connectivity Fund by 2.2% during the third quarter. Private Advisor Group LLC now owns 94,941 shares of the company’s stock valued at $989,000 after acquiring an additional 2,000 shares during the last quarter. Finally, Ieq Capital LLC bought a new stake in Neuberger Berman Next Generation Connectivity Fund during the third quarter valued at $104,000.

Neuberger Berman Next Generation Connectivity Fund Price Performance

NBXG stock opened at 11.63 on Thursday. The company’s 50-day moving average is 11.74 and its 200-day moving average is 11.09. Neuberger Berman Next Generation Connectivity Fund Inc. has a 1 year low of 9.31 and a 1 year high of 12.23.

Neuberger Berman Next Generation Connectivity Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Monday, April 15th will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Friday, April 12th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 10.32%.

Neuberger Berman Next Generation Connectivity Fund 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.