Bank of America Corp DE Has $7.89 Million Position in Neuberger Berman Next Generation Connectivity Fund Inc. (NYSE:NBXG)

Bank of America Corp DE lessened its holdings in shares of Neuberger Berman Next Generation Connectivity Fund Inc. (NYSE:NBXG) by 4.1% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 619,645 shares of the company’s stock after selling 26,404 shares during the period. Bank of America Corp DE’s holdings in Neuberger Berman Next Generation Connectivity Fund were worth $7,894,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Sanctuary Advisors LLC grew its holdings in shares of Neuberger Berman Next Generation Connectivity Fund by 5.6% in the 4th quarter. Sanctuary Advisors LLC now owns 84,763 shares of the company’s stock valued at $1,144,000 after buying an additional 4,476 shares during the period. Raymond James Financial Inc. acquired a new stake in Neuberger Berman Next Generation Connectivity Fund during the fourth quarter worth approximately $9,170,000. Commonwealth Equity Services LLC lifted its position in Neuberger Berman Next Generation Connectivity Fund by 5.5% during the fourth quarter. Commonwealth Equity Services LLC now owns 23,319 shares of the company’s stock worth $297,000 after purchasing an additional 1,225 shares during the period. HighTower Advisors LLC acquired a new stake in shares of Neuberger Berman Next Generation Connectivity Fund in the 4th quarter valued at $681,000. Finally, Wolverine Asset Management LLC bought a new stake in shares of Neuberger Berman Next Generation Connectivity Fund during the 4th quarter valued at approximately $3,210,000.

Neuberger Berman Next Generation Connectivity Fund Stock Performance

Shares of NBXG stock opened at $13.01 on Monday. Neuberger Berman Next Generation Connectivity Fund Inc. has a twelve month low of $10.05 and a twelve month high of $13.86. The stock’s fifty day simple moving average is $12.25 and its 200 day simple moving average is $12.83.

Neuberger Berman Next Generation Connectivity Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Friday, May 30th. Investors of record on Thursday, May 15th will be paid a $0.10 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 9.22%. The ex-dividend date of this dividend is Thursday, May 15th.

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.