Quantedge Capital Pte Ltd Acquires 86,700 Shares of Neuberger Berman Next Generation Connectivity Fund Inc. $NBXG

Quantedge Capital Pte Ltd lifted its holdings in shares of Neuberger Berman Next Generation Connectivity Fund Inc. (NYSE:NBXG) by 81.1% in the first quarter, according to its most recent filing with the SEC. The firm owned 193,662 shares of the company’s stock after acquiring an additional 86,700 shares during the period. Neuberger Berman Next Generation Connectivity Fund makes up about 1.4% of Quantedge Capital Pte Ltd’s investment portfolio, making the stock its 17th biggest position. Quantedge Capital Pte Ltd’s holdings in Neuberger Berman Next Generation Connectivity Fund were worth $2,492,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in NBXG. Morgan Stanley raised its position in Neuberger Berman Next Generation Connectivity Fund by 10.2% in the fourth quarter. Morgan Stanley now owns 6,265,820 shares of the company’s stock worth $90,478,000 after purchasing an additional 577,847 shares in the last quarter. Bulldog Investors LLP lifted its stake in Neuberger Berman Next Generation Connectivity Fund by 2.7% during the fourth quarter. Bulldog Investors LLP now owns 1,168,126 shares of the company’s stock worth $16,868,000 after purchasing an additional 31,140 shares during the period. Bank of America Corp DE boosted its holdings in Neuberger Berman Next Generation Connectivity Fund by 71.9% during the second quarter. Bank of America Corp DE now owns 946,968 shares of the company’s stock valued at $13,826,000 after purchasing an additional 395,994 shares in the last quarter. Raymond James Financial Inc. boosted its holdings in Neuberger Berman Next Generation Connectivity Fund by 2.0% during the second quarter. Raymond James Financial Inc. now owns 766,255 shares of the company’s stock valued at $11,187,000 after purchasing an additional 14,953 shares in the last quarter. Finally, Royal Bank of Canada grew its stake in shares of Neuberger Berman Next Generation Connectivity Fund by 17.8% in the 4th quarter. Royal Bank of Canada now owns 498,252 shares of the company’s stock valued at $7,193,000 after purchasing an additional 75,175 shares during the period.

Neuberger Berman Next Generation Connectivity Fund Trading Up 2.9%

NBXG stock opened at $15.46 on Wednesday. Neuberger Berman Next Generation Connectivity Fund Inc. has a 1-year low of $12.32 and a 1-year high of $17.43. The business’s 50 day moving average is $16.04 and its 200-day moving average is $14.63.

Neuberger Berman Next Generation Connectivity Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Friday, July 31st. Shareholders of record on Wednesday, July 15th will be given a $0.12 dividend. This represents a c) dividend on an annualized basis and a yield of 9.3%. The ex-dividend date is Wednesday, July 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.