42,156 Shares in Neuberger Berman Next Generation Connectivity Fund Inc. $NBXG Purchased by Compound Planning Inc.

Compound Planning Inc. purchased a new stake in shares of Neuberger Berman Next Generation Connectivity Fund Inc. (NYSE:NBXG) in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 42,156 shares of the company’s stock, valued at approximately $648,000.

Several other institutional investors and hedge funds have also bought and sold shares of NBXG. Ameritas Advisory Services LLC increased its stake in shares of Neuberger Berman Next Generation Connectivity Fund by 527.5% during 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 period. Stratos Wealth Advisors LLC bought a new stake in Neuberger Berman Next Generation Connectivity Fund in the third quarter valued at $169,000. Flagship Harbor Advisors LLC increased its position in Neuberger Berman Next Generation Connectivity Fund by 16.4% during the 3rd quarter. Flagship Harbor Advisors LLC now owns 55,137 shares of the company’s stock valued at $848,000 after purchasing an additional 7,755 shares during the period. J.W. Cole Advisors Inc. raised its holdings in Neuberger Berman Next Generation Connectivity Fund by 12.0% in the 3rd quarter. J.W. Cole Advisors Inc. now owns 22,395 shares of the company’s stock worth $344,000 after purchasing an additional 2,393 shares in the last quarter. Finally, Penserra Capital Management LLC lifted its position in shares of Neuberger Berman Next Generation Connectivity Fund by 13.6% in the 3rd quarter. Penserra Capital Management LLC now owns 423,731 shares of the company’s stock worth $6,516,000 after purchasing an additional 50,761 shares during the period.

Neuberger Berman Next Generation Connectivity Fund Stock Up 0.4%

Shares of NBXG opened at $13.50 on Friday. Neuberger Berman Next Generation Connectivity Fund Inc. has a 1-year low of $10.05 and a 1-year high of $15.65. The firm’s 50-day moving average price is $14.10 and its 200-day moving average price is $14.61.

Neuberger Berman Next Generation Connectivity Fund Dividend Announcement

The company also recently announced a monthly dividend, which was paid on Friday, February 27th. Shareholders of record on Tuesday, February 17th were issued a dividend of $0.12 per share. The ex-dividend date was Tuesday, February 17th. This represents a c) dividend on an annualized basis and a dividend yield of 10.7%.

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.