Cornerstone Wealth Management LLC Has $1.33 Million Stake in Neuberger Berman Next Generation Connectivity Fund Inc. (NYSE:NBXG)

Cornerstone Wealth Management LLC increased its position in Neuberger Berman Next Generation Connectivity Fund Inc. (NYSE:NBXG) by 3.5% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 103,042 shares of the company’s stock after buying an additional 3,438 shares during the period. Cornerstone Wealth Management LLC’s holdings in Neuberger Berman Next Generation Connectivity Fund were worth $1,330,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in NBXG. Raymond James & Associates boosted its position in Neuberger Berman Next Generation Connectivity Fund by 39.2% during the fourth quarter. Raymond James & Associates now owns 56,693 shares of the company’s stock worth $620,000 after purchasing an additional 15,974 shares during the period. Allspring Global Investments Holdings LLC boosted its holdings in Neuberger Berman Next Generation Connectivity Fund by 45.1% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 452,588 shares of the company’s stock valued at $4,947,000 after acquiring an additional 140,773 shares during the last quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors bought a new position in Neuberger Berman Next Generation Connectivity Fund during the fourth quarter worth about $129,000. Macroview Investment Management LLC bought a new position in shares of Neuberger Berman Next Generation Connectivity Fund during the 4th quarter valued at about $87,000. Finally, Wolverine Asset Management LLC acquired a new stake in Neuberger Berman Next Generation Connectivity Fund in the 4th quarter valued at approximately $1,343,000.

Neuberger Berman Next Generation Connectivity Fund Stock Performance

Shares of NBXG traded up 0.06 during mid-day trading on Thursday, reaching 12.23. The company’s stock had a trading volume of 90,391 shares, compared to its average volume of 245,388. Neuberger Berman Next Generation Connectivity Fund Inc. has a 1-year low of 9.31 and a 1-year high of 13.43. The business has a 50-day simple moving average of 12.54 and a two-hundred day simple moving average of 12.05.

Neuberger Berman Next Generation Connectivity Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, August 30th. Investors of record on Thursday, August 15th will be paid a $0.10 dividend. The ex-dividend date of this dividend is Thursday, August 15th. This represents a $1.20 annualized dividend and a dividend yield of 9.81%.

Neuberger Berman Next Generation Connectivity Fund Company 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.