Allspring Global Investments Holdings LLC Sells 120,123 Shares of Neuberger Berman Next Generation Connectivity Fund Inc. (NYSE:NBXG)

Allspring Global Investments Holdings LLC trimmed its stake in Neuberger Berman Next Generation Connectivity Fund Inc. (NYSE:NBXGFree Report) by 40.2% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 178,679 shares of the company’s stock after selling 120,123 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Neuberger Berman Next Generation Connectivity Fund were worth $2,292,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Whittier Trust Co. bought a new position in Neuberger Berman Next Generation Connectivity Fund in the 1st quarter worth about $118,000. Carolinas Wealth Consulting LLC bought a new position in shares of Neuberger Berman Next Generation Connectivity Fund in the second quarter worth approximately $133,000. Wealthspire Advisors LLC purchased a new stake in shares of Neuberger Berman Next Generation Connectivity Fund during the second quarter valued at approximately $155,000. Prudent Investors Network Inc. bought a new stake in shares of Neuberger Berman Next Generation Connectivity Fund during the first quarter valued at approximately $146,000. Finally, Hartline Investment Corp purchased a new position in Neuberger Berman Next Generation Connectivity Fund in the 1st quarter worth approximately $155,000.

Neuberger Berman Next Generation Connectivity Fund Trading Up 0.5 %

Shares of NBXG opened at 12.83 on Wednesday. The business’s fifty day simple moving average is 12.55 and its two-hundred day simple moving average is 12.36. Neuberger Berman Next Generation Connectivity Fund Inc. has a 12 month low of 9.34 and a 12 month high of 13.43.

Neuberger Berman Next Generation Connectivity Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Thursday, October 31st. Investors of record on Tuesday, October 15th will be issued a $0.10 dividend. The ex-dividend date of this dividend is Tuesday, October 15th. This represents a $1.20 annualized dividend and a yield of 9.35%.

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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