Advisors Asset Management Inc. Has $2.38 Million Stake in Neuberger Berman Next Generation Connectivity Fund Inc. (NYSE:NBXG)

Advisors Asset Management Inc. decreased its holdings in shares of Neuberger Berman Next Generation Connectivity Fund Inc. (NYSE:NBXG) by 3.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 186,542 shares of the company’s stock after selling 7,548 shares during the quarter. Advisors Asset Management Inc.’s holdings in Neuberger Berman Next Generation Connectivity Fund were worth $2,377,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the business. Harbour Investments Inc. raised its stake in Neuberger Berman Next Generation Connectivity Fund by 8.2% during the fourth quarter. Harbour Investments Inc. now owns 11,570 shares of the company’s stock worth $147,000 after acquiring an additional 875 shares in the last quarter. Commonwealth Equity Services LLC increased its stake in shares of Neuberger Berman Next Generation Connectivity Fund by 5.5% in the fourth quarter. Commonwealth Equity Services LLC now owns 23,319 shares of the company’s stock valued at $297,000 after buying an additional 1,225 shares during the period. Stifel Financial Corp increased its stake in shares of 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 valued at $1,690,000 after buying an additional 1,249 shares during the period. Flagship Harbor Advisors LLC increased its stake in shares of Neuberger Berman Next Generation Connectivity Fund by 9.4% in the fourth quarter. Flagship Harbor Advisors LLC now owns 27,115 shares of the company’s stock valued at $345,000 after buying an additional 2,333 shares during the period. Finally, Oppenheimer & Co. Inc. increased its stake in shares of Neuberger Berman Next Generation Connectivity Fund by 5.6% in the fourth quarter. Oppenheimer & Co. Inc. now owns 77,607 shares of the company’s stock valued at $989,000 after buying an additional 4,107 shares during the period.

Neuberger Berman Next Generation Connectivity Fund Stock Up 0.3 %

Neuberger Berman Next Generation Connectivity Fund stock opened at $12.52 on Friday. The business has a 50 day moving average of $13.14 and a 200-day moving average of $12.96. Neuberger Berman Next Generation Connectivity Fund Inc. has a 1 year low of $10.70 and a 1 year high of $13.86.

Neuberger Berman Next Generation Connectivity Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 17th will be paid a $0.10 dividend. This represents a $1.20 annualized dividend and a dividend yield of 9.58%. The ex-dividend date of this dividend is Monday, March 17th.

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.