Corrado Advisors LLC Sells 60,541 Shares of Neuberger Berman Next Generation Connectivity Fund Inc. $NBXG

Corrado Advisors LLC cut its stake in Neuberger Berman Next Generation Connectivity Fund Inc. (NYSE:NBXG) by 36.0% in the first quarter, Holdings Channel.com reports. The firm owned 107,614 shares of the company’s stock after selling 60,541 shares during the quarter. Corrado Advisors LLC’s holdings in Neuberger Berman Next Generation Connectivity Fund were worth $1,385,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the company. Geneos Wealth Management Inc. acquired a new stake in shares of Neuberger Berman Next Generation Connectivity Fund in the 1st quarter valued at about $57,000. Invesco Ltd. acquired a new position in shares of Neuberger Berman Next Generation Connectivity Fund during the second quarter worth about $303,000. Raymond James Financial Inc. boosted its position in shares of 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 worth $11,187,000 after buying an additional 14,953 shares during the period. Bank of America Corp DE grew its holdings in shares of 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 worth $13,826,000 after buying an additional 395,994 shares in the last quarter. Finally, Captrust Financial Advisors acquired a new stake in Neuberger Berman Next Generation Connectivity Fund in the 2nd quarter valued at approximately $153,000.

Neuberger Berman Next Generation Connectivity Fund Stock Performance

NYSE NBXG opened at $16.14 on Friday. The stock’s 50 day moving average price is $16.01 and its two-hundred day moving average price is $14.59. Neuberger Berman Next Generation Connectivity Fund Inc. has a 52 week low of $12.32 and a 52 week high of $17.43.

Neuberger Berman Next Generation Connectivity Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, July 31st. Stockholders of record on Wednesday, July 15th will be given a $0.12 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 8.9%. The ex-dividend date of this dividend is Wednesday, July 15th.

Neuberger Berman Next Generation Connectivity Fund 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.