Neuberger Berman Next Generation Connectivity Fund Inc. $NBXG Stock Holdings Lifted by Private Advisor Group LLC

Private Advisor Group LLC lifted its position in Neuberger Berman Next Generation Connectivity Fund Inc. (NYSE:NBXG) by 69.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 171,475 shares of the company’s stock after acquiring an additional 69,984 shares during the period. Private Advisor Group LLC’s holdings in Neuberger Berman Next Generation Connectivity Fund were worth $2,207,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Rockefeller Capital Management L.P. increased its stake in shares of Neuberger Berman Next Generation Connectivity Fund by 24.4% in the fourth quarter. Rockefeller Capital Management L.P. now owns 4,266 shares of the company’s stock worth $62,000 after acquiring an additional 837 shares during the last quarter. Evolve Private Wealth LLC increased its position in Neuberger Berman Next Generation Connectivity Fund by 1.2% during the first quarter. Evolve Private Wealth LLC now owns 111,907 shares of the company’s stock worth $1,440,000 after acquiring an additional 1,282 shares during the period. Noble Wealth Management PBC lifted its stake in shares of Neuberger Berman Next Generation Connectivity Fund by 2.3% in the fourth quarter. Noble Wealth Management PBC now owns 60,686 shares of the company’s stock valued at $876,000 after buying an additional 1,386 shares during the period. Compound Planning Inc. lifted its position in Neuberger Berman Next Generation Connectivity Fund by 5.3% in the fourth quarter. Compound Planning Inc. now owns 44,386 shares of the company’s stock worth $641,000 after purchasing an additional 2,230 shares during the period. Finally, Advisory Services Network LLC raised its position in Neuberger Berman Next Generation Connectivity Fund by 13.0% in the fourth quarter. Advisory Services Network LLC now owns 19,799 shares of the company’s stock worth $286,000 after purchasing an additional 2,285 shares in the last quarter.

Neuberger Berman Next Generation Connectivity Fund Price Performance

Neuberger Berman Next Generation Connectivity Fund stock opened at $16.14 on Friday. The business’s fifty day moving average is $16.01 and its two-hundred day moving average 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 Dividend Announcement

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

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.