Raymond James & Associates Grows Position in Neuberger Berman Next Generation Connectivity Fund Inc. (NYSE:NBXG)

Raymond James & Associates raised its position in shares of Neuberger Berman Next Generation Connectivity Fund Inc. (NYSE:NBXG) by 39.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 56,693 shares of the company’s stock after buying an additional 15,974 shares during the quarter. Raymond James & Associates’ holdings in Neuberger Berman Next Generation Connectivity Fund were worth $620,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Ieq Capital LLC purchased a new position in shares of Neuberger Berman Next Generation Connectivity Fund in the 3rd quarter worth approximately $104,000. Commonwealth Equity Services LLC bought a new stake in shares of Neuberger Berman Next Generation Connectivity Fund during the 3rd quarter worth approximately $105,000. Kestra Private Wealth Services LLC bought a new stake in shares of Neuberger Berman Next Generation Connectivity Fund during the 3rd quarter worth approximately $113,000. Kayne Anderson Capital Advisors LP bought a new stake in shares of Neuberger Berman Next Generation Connectivity Fund during the 3rd quarter worth approximately $377,000. Finally, Alpine Global Management LLC lifted its stake in shares of Neuberger Berman Next Generation Connectivity Fund by 139.1% during the 3rd quarter. Alpine Global Management LLC now owns 55,219 shares of the company’s stock worth $575,000 after acquiring an additional 32,120 shares during the last quarter.

Neuberger Berman Next Generation Connectivity Fund Price Performance

Shares of NBXG stock opened at 11.63 on Thursday. Neuberger Berman Next Generation Connectivity Fund Inc. has a 52-week low of 9.31 and a 52-week high of 12.23. The stock has a 50 day moving average price of 11.74 and a 200 day moving average price of 11.09.

Neuberger Berman Next Generation Connectivity Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Monday, April 15th will be given a dividend of $0.10 per share. This represents a $1.20 dividend on an annualized basis and a yield of 10.32%. The ex-dividend date is Friday, April 12th.

Neuberger Berman Next Generation Connectivity Fund Profile

Neuberger Berman Next Generation Connectivity Fund Inc (NBXG) is a newly organized, non-diversified, limited term closed-end management investment company focused on next generation mobile network connectivity and technology.

The Fund’s investment strategy focuses on equity securities issued by U.S.