Beverly Hills Private Wealth LLC Sells 7,542 Shares of Neuberger Berman Next Generation Connectivity Fund Inc. (NYSE:NBXG)

Beverly Hills Private Wealth LLC lessened its holdings in shares of Neuberger Berman Next Generation Connectivity Fund Inc. (NYSE:NBXG) by 5.2% during the 2nd quarter, Holdings Channel.com reports. The fund owned 137,447 shares of the company’s stock after selling 7,542 shares during the period. Beverly Hills Private Wealth LLC’s holdings in Neuberger Berman Next Generation Connectivity Fund were worth $1,774,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in NBXG. Private Advisor Group LLC boosted its holdings in Neuberger Berman Next Generation Connectivity Fund by 6.3% during the fourth quarter. Private Advisor Group LLC now owns 100,916 shares of the company’s stock valued at $1,103,000 after acquiring an additional 5,975 shares during the period. Quantedge Capital Pte Ltd boosted its holdings in Neuberger Berman Next Generation Connectivity Fund by 9.9% in the 4th quarter. Quantedge Capital Pte Ltd now owns 403,842 shares of the company’s stock valued at $4,414,000 after purchasing an additional 36,500 shares during the period. PNC Financial Services Group Inc. grew its position in Neuberger Berman Next Generation Connectivity Fund by 8.6% in the 4th quarter. PNC Financial Services Group Inc. now owns 94,240 shares of the company’s stock worth $1,030,000 after purchasing an additional 7,450 shares during the last quarter. Karpus Management Inc. increased its holdings in shares of Neuberger Berman Next Generation Connectivity Fund by 3.6% during the 4th quarter. Karpus Management Inc. now owns 3,828,156 shares of the company’s stock worth $41,842,000 after purchasing an additional 133,332 shares during the period. Finally, Bay Colony Advisory Group Inc d b a Bay Colony Advisors increased its holdings in shares of Neuberger Berman Next Generation Connectivity Fund by 32.9% during the 2nd quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 17,496 shares of the company’s stock worth $226,000 after purchasing an additional 4,329 shares during the period.

Neuberger Berman Next Generation Connectivity Fund Trading Up 2.2 %

NYSE NBXG opened at 12.10 on Thursday. Neuberger Berman Next Generation Connectivity Fund Inc. has a twelve month low of 9.31 and a twelve month high of 13.43. The firm has a 50-day simple moving average of 12.31 and a 200 day simple moving average of 12.13.

Neuberger Berman Next Generation Connectivity Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Monday, September 30th. Shareholders of record on Monday, September 16th will be given a $0.10 dividend. The ex-dividend date is Monday, September 16th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 9.92%.

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.