Neuberger Berman Next Generation Connectivity Fund Inc. $NBXG Shares Acquired by Blue Bell Private Wealth Management LLC

Blue Bell Private Wealth Management LLC grew its holdings in Neuberger Berman Next Generation Connectivity Fund Inc. (NYSE:NBXG) by 13.6% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 360,641 shares of the company’s stock after buying an additional 43,271 shares during the quarter. Neuberger Berman Next Generation Connectivity Fund makes up 0.8% of Blue Bell Private Wealth Management LLC’s holdings, making the stock its 21st biggest holding. Blue Bell Private Wealth Management LLC’s holdings in Neuberger Berman Next Generation Connectivity Fund were worth $5,208,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Global Retirement Partners LLC acquired a new stake in shares of Neuberger Berman Next Generation Connectivity Fund in the fourth quarter valued at about $62,000. Geneos Wealth Management Inc. acquired a new stake in shares of Neuberger Berman Next Generation Connectivity Fund in the first quarter valued at about $57,000. Activest Wealth Management acquired a new stake in shares of Neuberger Berman Next Generation Connectivity Fund in the fourth quarter valued at about $108,000. Ameritas Advisory Services LLC raised its position in shares of Neuberger Berman Next Generation Connectivity Fund by 527.5% in the third quarter. Ameritas Advisory Services LLC now owns 7,530 shares of the company’s stock valued at $116,000 after buying an additional 6,330 shares during the last quarter. Finally, Assetmark Inc. acquired a new stake in shares of Neuberger Berman Next Generation Connectivity Fund in the fourth quarter valued at about $147,000.

Neuberger Berman Next Generation Connectivity Fund Trading Up 0.1%

Shares of NYSE NBXG opened at $15.97 on Tuesday. The firm has a 50-day simple moving average of $14.13 and a 200-day simple moving average of $14.17. Neuberger Berman Next Generation Connectivity Fund Inc. has a 52 week low of $12.32 and a 52 week high of $16.10.

Neuberger Berman Next Generation Connectivity Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Friday, May 29th. Stockholders of record on Friday, May 15th will be given a $0.12 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 9.0%. The ex-dividend date is Friday, May 15th.

Neuberger Berman Next Generation Connectivity Fund Company Profile

The Neuberger Berman Next Generation Connectivity Fund (NYSE:NBXG) is an actively managed, closed-end fund dedicated to investing in companies driving the evolution of global connectivity infrastructure. Launched in February 2024 by Neuberger Berman, NBXG seeks total return by building a diversified portfolio of equity and equity-related securities in firms involved in 5G networks, fiber-optic systems, satellite communications, data centers, cloud computing, and other emerging technologies that support faster and more reliable digital connections.

Under its investment strategy, NBXG allocates capital across hardware and software providers, telecommunications carriers, semiconductor manufacturers, and equipment suppliers that benefit from the rollout and expansion of next-generation networks.