Prevail Innovative Wealth Advisors LLC Invests $785,000 in Neuberger Berman Next Generation Connectivity Fund Inc. (NYSE:NBXG)

Prevail Innovative Wealth Advisors LLC bought a new stake in Neuberger Berman Next Generation Connectivity Fund Inc. (NYSE:NBXG) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 60,796 shares of the company’s stock, valued at approximately $785,000.

A number of other institutional investors have also added to or reduced their stakes in NBXG. Private Advisor Group LLC boosted its stake 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 worth $1,103,000 after buying an additional 5,975 shares in the last quarter. PNC Financial Services Group Inc. increased its stake in Neuberger Berman Next Generation Connectivity Fund by 8.6% in the fourth quarter. PNC Financial Services Group Inc. now owns 94,240 shares of the company’s stock valued at $1,030,000 after acquiring an additional 7,450 shares during the period. Cornerstone Advisors LLC raised its position in Neuberger Berman Next Generation Connectivity Fund by 3.9% in the fourth quarter. Cornerstone Advisors LLC now owns 1,117,917 shares of the company’s stock worth $12,219,000 after purchasing an additional 42,268 shares in the last quarter. Wells Fargo & Company MN lifted its stake in Neuberger Berman Next Generation Connectivity Fund by 1.4% during the fourth quarter. Wells Fargo & Company MN now owns 1,025,482 shares of the company’s stock worth $11,209,000 after purchasing an additional 14,368 shares during the period. Finally, City of London Investment Management Co. Ltd. boosted its holdings in Neuberger Berman Next Generation Connectivity Fund by 6.0% during the fourth quarter. City of London Investment Management Co. Ltd. now owns 3,988,516 shares of the company’s stock valued at $43,594,000 after purchasing an additional 227,011 shares in the last quarter.

Neuberger Berman Next Generation Connectivity Fund Price Performance

Shares of NBXG opened at 12.16 on Friday. Neuberger Berman Next Generation Connectivity Fund Inc. has a 1 year low of 9.31 and a 1 year high of 13.43. The stock has a 50 day simple moving average of 12.29 and a 200-day simple moving average of 12.13.

Neuberger Berman Next Generation Connectivity Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Monday, September 30th. Shareholders of record on Monday, September 16th will be paid a dividend of $0.10 per share. The ex-dividend date of this dividend is Monday, September 16th. This represents a $1.20 annualized dividend and a yield of 9.87%.

About Neuberger Berman Next Generation Connectivity Fund

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.