Corrado Advisors LLC Sells 29,478 Shares of Neuberger Berman Next Generation Connectivity Fund Inc. (NYSE:NBXG)

Corrado Advisors LLC trimmed its position in shares of Neuberger Berman Next Generation Connectivity Fund Inc. (NYSE:NBXG) by 15.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 164,822 shares of the company’s stock after selling 29,478 shares during the quarter. Neuberger Berman Next Generation Connectivity Fund makes up about 1.4% of Corrado Advisors LLC’s investment portfolio, making the stock its 23rd biggest position. Corrado Advisors LLC’s holdings in Neuberger Berman Next Generation Connectivity Fund were worth $2,100,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. Penserra Capital Management LLC bought a new stake in Neuberger Berman Next Generation Connectivity Fund during the third quarter worth about $4,317,000. Wolverine Asset Management LLC bought a new stake in Neuberger Berman Next Generation Connectivity Fund during the fourth quarter worth about $3,210,000. Wealth Enhancement Advisory Services LLC grew its stake in Neuberger Berman Next Generation Connectivity Fund by 40.2% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 160,456 shares of the company’s stock worth $2,059,000 after buying an additional 46,005 shares during the last quarter. Stifel Financial Corp grew its stake in shares of Neuberger Berman Next Generation Connectivity Fund by 1.0% during the third quarter. Stifel Financial Corp now owns 131,751 shares of the company’s stock valued at $1,690,000 after purchasing an additional 1,249 shares during the last quarter. Finally, Cornerstone Wealth Management LLC grew its stake in shares of Neuberger Berman Next Generation Connectivity Fund by 6.0% during the fourth quarter. Cornerstone Wealth Management LLC now owns 109,978 shares of the company’s stock valued at $1,401,000 after purchasing an additional 6,196 shares during the last quarter.

Neuberger Berman Next Generation Connectivity Fund Price Performance

NBXG opened at $13.24 on Thursday. Neuberger Berman Next Generation Connectivity Fund Inc. has a one year low of $10.70 and a one year high of $13.86. The company’s 50 day simple moving average is $13.26 and its 200-day simple moving average is $12.93.

Neuberger Berman Next Generation Connectivity Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, February 28th. Stockholders of record on Tuesday, February 18th will be paid a dividend of $0.10 per share. The ex-dividend date of this dividend is Tuesday, February 18th. This represents a $1.20 annualized dividend and a dividend yield of 9.06%.

Neuberger Berman Next Generation Connectivity Fund 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.