Neuberger Berman Next Generation Connectivity Fund Inc. $NBXG Shares Bought by NewEdge Advisors LLC

NewEdge Advisors LLC boosted its holdings in shares of Neuberger Berman Next Generation Connectivity Fund Inc. (NYSE:NBXG) by 94.2% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 117,358 shares of the company’s stock after purchasing an additional 56,937 shares during the period. NewEdge Advisors LLC’s holdings in Neuberger Berman Next Generation Connectivity Fund were worth $1,510,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in NBXG. Private Advisor Group LLC increased its holdings in Neuberger Berman Next Generation Connectivity Fund by 69.0% during the 1st quarter. Private Advisor Group LLC now owns 171,475 shares of the company’s stock valued at $2,207,000 after purchasing an additional 69,984 shares in the last quarter. Altium Capital Management LLC bought a new position in Neuberger Berman Next Generation Connectivity Fund in the 4th quarter valued at $2,453,000. Wolverine Asset Management LLC acquired a new position in Neuberger Berman Next Generation Connectivity Fund in the fourth quarter worth $3,456,000. Quantedge Capital Pte Ltd boosted its stake in Neuberger Berman Next Generation Connectivity Fund by 81.1% in the first quarter. Quantedge Capital Pte Ltd now owns 193,662 shares of the company’s stock worth $2,492,000 after purchasing an additional 86,700 shares in the last quarter. Finally, Closed End Fund Advisors Inc. bought a new stake in shares of Neuberger Berman Next Generation Connectivity Fund during the fourth quarter worth $627,000.

Neuberger Berman Next Generation Connectivity Fund Stock Performance

Shares of NBXG stock opened at $15.87 on Monday. Neuberger Berman Next Generation Connectivity Fund Inc. has a 1 year low of $12.32 and a 1 year high of $17.43. The firm’s 50 day moving average is $15.72 and its 200-day moving average is $14.70.

Neuberger Berman Next Generation Connectivity Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Monday, August 31st. Shareholders of record on Monday, August 17th will be given a $0.12 dividend. This represents a c) dividend on an annualized basis and a yield of 9.1%. The ex-dividend date is Monday, August 17th.

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.