Penserra Capital Management LLC Purchases 50,761 Shares of Neuberger Berman Next Generation Connectivity Fund Inc. $NBXG

Penserra Capital Management LLC boosted its position in shares of Neuberger Berman Next Generation Connectivity Fund Inc. (NYSE:NBXG) by 13.6% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 423,731 shares of the company’s stock after acquiring an additional 50,761 shares during the period. Penserra Capital Management LLC’s holdings in Neuberger Berman Next Generation Connectivity Fund were worth $6,516,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Nemes Rush Group LLC bought a new position in shares of Neuberger Berman Next Generation Connectivity Fund in the second quarter worth about $33,000. Geneos Wealth Management Inc. acquired a new stake in Neuberger Berman Next Generation Connectivity Fund in the 1st quarter valued at approximately $57,000. Focus Financial Network Inc. bought a new position in Neuberger Berman Next Generation Connectivity Fund in the 3rd quarter worth approximately $154,000. Captrust Financial Advisors bought a new position in Neuberger Berman Next Generation Connectivity Fund in the 2nd quarter worth approximately $153,000. Finally, Dymon Asia Capital Singapore PTE. LTD. acquired a new position in shares of Neuberger Berman Next Generation Connectivity Fund during the second quarter worth approximately $221,000.

Neuberger Berman Next Generation Connectivity Fund Price Performance

NBXG opened at $13.24 on Friday. The business has a 50 day moving average of $14.49 and a 200-day moving average of $14.75. Neuberger Berman Next Generation Connectivity Fund Inc. has a 1-year low of $10.05 and a 1-year high of $15.65.

Neuberger Berman Next Generation Connectivity Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, February 27th. Shareholders of record on Tuesday, February 17th will be given a $0.12 dividend. This represents a c) annualized dividend and a yield of 10.9%. The ex-dividend date is Tuesday, February 17th.

About Neuberger Berman Next Generation Connectivity Fund

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.