SOA Wealth Advisors LLC. Invests $753,000 in Neuberger Berman Next Generation Connectivity Fund Inc. (NYSE:NBXG)

SOA Wealth Advisors LLC. acquired a new position in Neuberger Berman Next Generation Connectivity Fund Inc. (NYSE:NBXG) during the 1st quarter, HoldingsChannel.com reports. The firm acquired 61,448 shares of the company’s stock, valued at approximately $753,000.

Other large investors have also recently modified their holdings of the company. Wealth Enhancement Advisory Services LLC increased its holdings in Neuberger Berman Next Generation Connectivity Fund by 62.1% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 260,177 shares of the company’s stock valued at $3,315,000 after purchasing an additional 99,721 shares during the period. Ameriflex Group Inc. purchased a new position in Neuberger Berman Next Generation Connectivity Fund during the 4th quarter valued at about $309,000. Saba Capital Management L.P. increased its holdings in Neuberger Berman Next Generation Connectivity Fund by 3.5% during the 4th quarter. Saba Capital Management L.P. now owns 6,853,330 shares of the company’s stock valued at $87,311,000 after purchasing an additional 234,671 shares during the period. Quantedge Capital Pte Ltd increased its holdings in Neuberger Berman Next Generation Connectivity Fund by 18.2% during the 4th quarter. Quantedge Capital Pte Ltd now owns 181,562 shares of the company’s stock valued at $2,313,000 after purchasing an additional 27,900 shares during the period. Finally, Millennium Management LLC increased its holdings in Neuberger Berman Next Generation Connectivity Fund by 95.6% during the 4th quarter. Millennium Management LLC now owns 39,365 shares of the company’s stock valued at $502,000 after purchasing an additional 19,244 shares during the period.

Neuberger Berman Next Generation Connectivity Fund Stock Performance

Shares of NYSE:NBXG opened at $13.79 on Friday. 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 50-day moving average is $12.42 and its 200 day moving average is $12.85.

Neuberger Berman Next Generation Connectivity Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Monday, June 30th. Shareholders of record on Monday, June 16th will be issued a dividend of $0.10 per share. The ex-dividend date is Monday, June 16th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 8.70%.

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.