Cornerstone Wealth Management LLC Has $1.40 Million Stock Holdings in Neuberger Berman Next Generation Connectivity Fund Inc. (NYSE:NBXG)

Cornerstone Wealth Management LLC boosted its stake in Neuberger Berman Next Generation Connectivity Fund Inc. (NYSE:NBXG) by 6.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 109,978 shares of the company’s stock after purchasing an additional 6,196 shares during the quarter. Cornerstone Wealth Management LLC’s holdings in Neuberger Berman Next Generation Connectivity Fund were worth $1,401,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Stifel Financial Corp grew its holdings in Neuberger Berman Next Generation Connectivity Fund by 1.0% in the third quarter. Stifel Financial Corp now owns 131,751 shares of the company’s stock worth $1,690,000 after purchasing an additional 1,249 shares during the period. Walleye Capital LLC acquired a new stake in Neuberger Berman Next Generation Connectivity Fund in the third quarter worth $576,000. Sanctuary Advisors LLC grew its holdings in Neuberger Berman Next Generation Connectivity Fund by 20.0% in the third quarter. Sanctuary Advisors LLC now owns 80,287 shares of the company’s stock worth $1,052,000 after purchasing an additional 13,388 shares during the period. PNC Financial Services Group Inc. grew its holdings in Neuberger Berman Next Generation Connectivity Fund by 14.3% in the third quarter. PNC Financial Services Group Inc. now owns 100,372 shares of the company’s stock worth $1,288,000 after purchasing an additional 12,577 shares during the period. Finally, Private Advisor Group LLC grew its holdings in Neuberger Berman Next Generation Connectivity Fund by 3.6% in the third quarter. Private Advisor Group LLC now owns 100,766 shares of the company’s stock worth $1,293,000 after purchasing an additional 3,500 shares during the period.

Neuberger Berman Next Generation Connectivity Fund Stock Performance

NYSE:NBXG opened at $13.67 on Friday. The firm has a fifty day simple moving average of $13.11 and a two-hundred day simple moving average of $12.74. Neuberger Berman Next Generation Connectivity Fund Inc. has a 12 month low of $10.70 and a 12 month high of $13.75.

Neuberger Berman Next Generation Connectivity Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, January 31st. Shareholders of record on Wednesday, January 15th will be paid a $0.10 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 8.78%. The ex-dividend date of this dividend is Wednesday, January 15th.

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.