12,425 Shares in Neuberger Berman Next Generation Connectivity Fund Inc. (NYSE:NBXG) Purchased by Prudent Investors Network Inc.

Prudent Investors Network Inc. bought a new position in shares of Neuberger Berman Next Generation Connectivity Fund Inc. (NYSE:NBXG) during the 1st quarter, according to its most recent filing with the SEC. The institutional investor bought 12,425 shares of the company’s stock, valued at approximately $146,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Global Retirement Partners LLC bought a new stake in shares of Neuberger Berman Next Generation Connectivity Fund in the 4th quarter valued at about $33,000. Macroview Investment Management LLC bought a new stake in shares of Neuberger Berman Next Generation Connectivity Fund in the 4th quarter valued at about $87,000. Whittier Trust Co. bought a new stake in shares of Neuberger Berman Next Generation Connectivity Fund in the 1st quarter valued at about $118,000. Bay Colony Advisory Group Inc d b a Bay Colony Advisors bought a new stake in shares of Neuberger Berman Next Generation Connectivity Fund in the 4th quarter valued at about $129,000. Finally, Hartline Investment Corp bought a new stake in shares of Neuberger Berman Next Generation Connectivity Fund in the 1st quarter valued at about $155,000.

Neuberger Berman Next Generation Connectivity Fund Stock Down 1.5 %

NBXG stock traded down 0.18 during trading on Tuesday, reaching 11.91. The company had a trading volume of 218,000 shares, compared to its average volume of 247,462. The firm has a 50-day simple moving average of 12.63 and a 200-day simple moving average of 12.01. Neuberger Berman Next Generation Connectivity Fund Inc. has a twelve month low of 9.31 and a twelve month high of 13.43.

Neuberger Berman Next Generation Connectivity Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Monday, July 15th will be issued a dividend of $0.10 per share. This represents a $1.20 annualized dividend and a dividend yield of 10.08%. The ex-dividend date is Monday, July 15th.

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.