Altium Capital Management LLC Purchases 34,689 Shares of Neuberger Berman Next Generation Connectivity Fund Inc. $NBXG

Altium Capital Management LLC grew its position in Neuberger Berman Next Generation Connectivity Fund Inc. (NYSE:NBXG) by 20.4% during the first quarter, HoldingsChannel.com reports. The firm owned 204,562 shares of the company’s stock after buying an additional 34,689 shares during the quarter. Neuberger Berman Next Generation Connectivity Fund accounts for approximately 6.3% of Altium Capital Management LLC’s investment portfolio, making the stock its 9th biggest holding. Altium Capital Management LLC’s holdings in Neuberger Berman Next Generation Connectivity Fund were worth $2,633,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of the company. Kestra Advisory Services LLC bought a new position in shares of Neuberger Berman Next Generation Connectivity Fund during the fourth quarter worth about $47,000. Geneos Wealth Management Inc. acquired a new position in Neuberger Berman Next Generation Connectivity Fund during the 1st quarter worth approximately $57,000. Global Retirement Partners LLC acquired a new position in Neuberger Berman Next Generation Connectivity Fund during the 4th quarter worth approximately $62,000. Rockefeller Capital Management L.P. grew its stake in shares of Neuberger Berman Next Generation Connectivity Fund by 24.4% during the 4th 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 in the last quarter. Finally, Activest Wealth Management acquired a new stake in shares of Neuberger Berman Next Generation Connectivity Fund in the fourth quarter valued at approximately $108,000.

Neuberger Berman Next Generation Connectivity Fund Stock Performance

Shares of NBXG stock traded up $0.03 during trading on Friday, reaching $16.14. The company’s stock had a trading volume of 107,728 shares, compared to its average volume of 225,014. Neuberger Berman Next Generation Connectivity Fund Inc. has a one year low of $12.32 and a one year high of $17.43. The business has a fifty day moving average price of $16.01 and a 200-day moving average price of $14.59.

Neuberger Berman Next Generation Connectivity Fund Announces Dividend

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 given a dividend of $0.12 per share. The ex-dividend date of this dividend is Wednesday, July 15th. This represents a c) annualized dividend and a yield of 8.9%.

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.