Sanctuary Advisors LLC Acquires New Position in Neuberger Berman Next Generation Connectivity Fund Inc. (NYSE:NBXG)

Sanctuary Advisors LLC bought a new position in Neuberger Berman Next Generation Connectivity Fund Inc. (NYSE:NBXGFree Report) in the second quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 66,899 shares of the company’s stock, valued at approximately $864,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of NBXG. Truist Financial Corp acquired a new stake in shares of Neuberger Berman Next Generation Connectivity Fund in the second quarter worth $384,000. Concorde Asset Management LLC lifted its holdings in shares of Neuberger Berman Next Generation Connectivity Fund by 63.2% in the 2nd quarter. Concorde Asset Management LLC now owns 40,230 shares of the company’s stock valued at $519,000 after buying an additional 15,580 shares during the period. Carolinas Wealth Consulting LLC purchased a new stake in shares of Neuberger Berman Next Generation Connectivity Fund in the second quarter worth about $133,000. Wealthspire Advisors LLC acquired a new stake in Neuberger Berman Next Generation Connectivity Fund during the second quarter worth about $155,000. Finally, Prevail Innovative Wealth Advisors LLC purchased a new position in Neuberger Berman Next Generation Connectivity Fund during the second quarter valued at approximately $785,000.

Neuberger Berman Next Generation Connectivity Fund Stock Performance

Neuberger Berman Next Generation Connectivity Fund stock opened at 13.05 on Friday. The stock’s 50 day simple moving average is 12.33 and its two-hundred day simple moving average is 12.27. Neuberger Berman Next Generation Connectivity Fund Inc. has a 12 month low of 9.31 and a 12 month high of 13.43.

Neuberger Berman Next Generation Connectivity Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Tuesday, October 15th will be given a $0.10 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 9.20%. The ex-dividend date of this dividend is Tuesday, October 15th.

About Neuberger Berman Next Generation Connectivity Fund

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Neuberger Berman Next Generation Connectivity Fund (NYSE:NBXG)

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