Private Advisor Group LLC Acquires 3,500 Shares of Neuberger Berman Next Generation Connectivity Fund Inc. (NYSE:NBXG)

Private Advisor Group LLC lifted its holdings in Neuberger Berman Next Generation Connectivity Fund Inc. (NYSE:NBXG) by 3.6% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 100,766 shares of the company’s stock after purchasing an additional 3,500 shares during the quarter. Private Advisor Group LLC’s holdings in Neuberger Berman Next Generation Connectivity Fund were worth $1,293,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Comerica Bank increased its holdings in Neuberger Berman Next Generation Connectivity Fund by 26.3% during the first quarter. Comerica Bank now owns 15,057 shares of the company’s stock worth $177,000 after buying an additional 3,132 shares during the last quarter. Cornerstone Wealth Management LLC increased its holdings in Neuberger Berman Next Generation Connectivity Fund by 3.5% during the second quarter. Cornerstone Wealth Management LLC now owns 103,042 shares of the company’s stock worth $1,330,000 after buying an additional 3,438 shares during the last quarter. AlphaStar Capital Management LLC increased its holdings in Neuberger Berman Next Generation Connectivity Fund by 14.4% during the second quarter. AlphaStar Capital Management LLC now owns 31,276 shares of the company’s stock worth $404,000 after buying an additional 3,939 shares during the last quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors increased its holdings in Neuberger Berman Next Generation Connectivity Fund by 32.9% during the second quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 17,496 shares of the company’s stock worth $226,000 after buying an additional 4,329 shares during the last quarter. Finally, Commonwealth Equity Services LLC increased its holdings in Neuberger Berman Next Generation Connectivity Fund by 43.7% during the second quarter. Commonwealth Equity Services LLC now owns 28,278 shares of the company’s stock worth $365,000 after buying an additional 8,596 shares during the last quarter.

Neuberger Berman Next Generation Connectivity Fund Trading Down 1.6 %

NYSE:NBXG opened at 12.54 on Friday. Neuberger Berman Next Generation Connectivity Fund Inc. has a one year low of 9.34 and a one year high of 13.43. The firm’s fifty day moving average price is 12.57 and its two-hundred day moving average price is 12.36.

Neuberger Berman Next Generation Connectivity Fund Announces Dividend

The business also recently disclosed a monthly dividend, which was paid on Thursday, October 31st. Shareholders of record on Tuesday, October 15th were issued a $0.10 dividend. The ex-dividend date of this dividend was Tuesday, October 15th. This represents a $1.20 annualized dividend and a dividend yield of 9.57%.

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.