Shaker Financial Services LLC Sells 7,014 Shares of Neuberger Berman Next Generation Connectivity Fund Inc. (NYSE:NBXG)

Shaker Financial Services LLC cut its holdings in shares of Neuberger Berman Next Generation Connectivity Fund Inc. (NYSE:NBXG) by 27.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 18,418 shares of the company’s stock after selling 7,014 shares during the quarter. Shaker Financial Services LLC’s holdings in Neuberger Berman Next Generation Connectivity Fund were worth $235,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. NewEdge Advisors LLC increased its holdings in Neuberger Berman Next Generation Connectivity Fund by 3.6% during the fourth quarter. NewEdge Advisors LLC now owns 23,202 shares of the company’s stock worth $296,000 after buying an additional 800 shares during the last quarter. Harbour Investments Inc. increased its stake in shares of Neuberger Berman Next Generation Connectivity Fund by 8.2% during the 4th quarter. Harbour Investments Inc. now owns 11,570 shares of the company’s stock worth $147,000 after purchasing an additional 875 shares during the last quarter. Commonwealth Equity Services LLC raised its holdings in shares of Neuberger Berman Next Generation Connectivity Fund by 5.5% in the 4th quarter. Commonwealth Equity Services LLC now owns 23,319 shares of the company’s stock worth $297,000 after purchasing an additional 1,225 shares during the period. LPL Financial LLC lifted its stake in Neuberger Berman Next Generation Connectivity Fund by 3.4% in the fourth quarter. LPL Financial LLC now owns 70,306 shares of the company’s stock valued at $896,000 after purchasing an additional 2,300 shares during the last quarter. Finally, Flagship Harbor Advisors LLC grew its holdings in Neuberger Berman Next Generation Connectivity Fund by 9.4% during the fourth quarter. Flagship Harbor Advisors LLC now owns 27,115 shares of the company’s stock valued at $345,000 after purchasing an additional 2,333 shares during the period.

Neuberger Berman Next Generation Connectivity Fund Stock Performance

Shares of NBXG opened at $11.18 on Tuesday. Neuberger Berman Next Generation Connectivity Fund Inc. has a 1 year low of $10.05 and a 1 year high of $13.86. The stock’s fifty day moving average price is $12.41 and its two-hundred day moving average price is $12.87.

Neuberger Berman Next Generation Connectivity Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Tuesday, April 15th will be issued a dividend of $0.10 per share. This represents a $1.20 annualized dividend and a yield of 10.73%. The ex-dividend date of this dividend is Tuesday, April 15th.

About Neuberger Berman Next Generation Connectivity Fund

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.