Closed End Fund Advisors Inc. Invests $627,000 in Neuberger Berman Next Generation Connectivity Fund Inc. $NBXG

Closed End Fund Advisors Inc. bought a new position in Neuberger Berman Next Generation Connectivity Fund Inc. (NYSE:NBXG) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 43,397 shares of the company’s stock, valued at approximately $627,000.

Other large investors have also recently modified their holdings of the company. Global Retirement Partners LLC purchased a new position in shares of Neuberger Berman Next Generation Connectivity Fund in the fourth quarter worth about $62,000. Geneos Wealth Management Inc. bought a new position in shares of Neuberger Berman Next Generation Connectivity Fund in the first quarter valued at approximately $57,000. Activest Wealth Management bought a new position in shares of Neuberger Berman Next Generation Connectivity Fund in the fourth quarter valued at approximately $108,000. Ameritas Advisory Services LLC boosted its position in shares of Neuberger Berman Next Generation Connectivity Fund by 527.5% in the third quarter. Ameritas Advisory Services LLC now owns 7,530 shares of the company’s stock valued at $116,000 after acquiring an additional 6,330 shares during the period. Finally, Assetmark Inc. bought a new position in shares of Neuberger Berman Next Generation Connectivity Fund in the fourth quarter valued at approximately $147,000.

Neuberger Berman Next Generation Connectivity Fund Stock Performance

NBXG stock opened at $15.89 on Friday. The firm has a 50 day moving average of $14.75 and a 200-day moving average of $14.27. Neuberger Berman Next Generation Connectivity Fund Inc. has a 12 month low of $12.32 and a 12 month high of $16.94.

Neuberger Berman Next Generation Connectivity Fund Dividend Announcement

The company also recently disclosed 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 9.1%. The ex-dividend date is Monday, June 15th.

Neuberger Berman Next Generation Connectivity Fund 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.