Comerica Bank Sells 1,300 Shares of Neuberger Berman Next Generation Connectivity Fund Inc. (NYSE:NBXG)

Comerica Bank lessened its stake in Neuberger Berman Next Generation Connectivity Fund Inc. (NYSE:NBXG) by 13.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 8,067 shares of the company’s stock after selling 1,300 shares during the period. Comerica Bank’s holdings in Neuberger Berman Next Generation Connectivity Fund were worth $103,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Beck Mack & Oliver LLC purchased a new stake in shares of Neuberger Berman Next Generation Connectivity Fund in the fourth quarter worth approximately $127,000. NewEdge Advisors LLC lifted its stake in Neuberger Berman Next Generation Connectivity Fund by 3.6% during the fourth quarter. NewEdge Advisors LLC now owns 23,202 shares of the company’s stock worth $296,000 after purchasing an additional 800 shares during the last quarter. Walleye Capital LLC increased its holdings in shares of Neuberger Berman Next Generation Connectivity Fund by 55.4% in the fourth quarter. Walleye Capital LLC now owns 69,793 shares of the company’s stock worth $889,000 after buying an additional 24,873 shares during the period. Concorde Asset Management LLC increased its holdings in shares of Neuberger Berman Next Generation Connectivity Fund by 6.8% in the fourth quarter. Concorde Asset Management LLC now owns 47,600 shares of the company’s stock worth $606,000 after buying an additional 3,050 shares during the period. Finally, Wedbush Securities Inc. increased its holdings in Neuberger Berman Next Generation Connectivity Fund by 32.1% during the 4th quarter. Wedbush Securities Inc. now owns 14,028 shares of the company’s stock valued at $179,000 after purchasing an additional 3,409 shares during the period.

Neuberger Berman Next Generation Connectivity Fund Price Performance

Shares of NBXG opened at $13.38 on Monday. The business’s 50 day moving average price is $12.17 and its 200-day moving average price is $12.82. Neuberger Berman Next Generation Connectivity Fund Inc. has a 52 week low of $10.05 and a 52 week high of $13.86.

Neuberger Berman Next Generation Connectivity Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Friday, May 30th. Shareholders of record on Thursday, May 15th will be paid a dividend of $0.10 per share. The ex-dividend date is Thursday, May 15th. This represents a $1.20 dividend on an annualized basis and a yield of 8.97%.

Neuberger Berman Next Generation Connectivity Fund Company 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.