Compound Planning Inc. Invests $648,000 in Neuberger Berman Next Generation Connectivity Fund Inc. $NBXG

Compound Planning Inc. bought a new position in Neuberger Berman Next Generation Connectivity Fund Inc. (NYSE:NBXG) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 42,156 shares of the company’s stock, valued at approximately $648,000.

A number of other institutional investors have also added to or reduced their stakes in NBXG. Penserra Capital Management LLC boosted its holdings in shares of Neuberger Berman Next Generation Connectivity Fund by 13.6% in the 3rd quarter. Penserra Capital Management LLC now owns 423,731 shares of the company’s stock worth $6,516,000 after purchasing an additional 50,761 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its position in Neuberger Berman Next Generation Connectivity Fund by 28.6% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 210,313 shares of the company’s stock worth $3,235,000 after buying an additional 46,814 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its stake in Neuberger Berman Next Generation Connectivity Fund by 18.2% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 397,725 shares of the company’s stock worth $6,117,000 after buying an additional 61,230 shares in the last quarter. Flagship Harbor Advisors LLC boosted its stake in Neuberger Berman Next Generation Connectivity Fund by 49.2% in the second quarter. Flagship Harbor Advisors LLC now owns 47,382 shares of the company’s stock worth $692,000 after buying an additional 15,620 shares in the last quarter. Finally, CWM LLC grew its position in Neuberger Berman Next Generation Connectivity Fund by 20.3% during the third quarter. CWM LLC now owns 22,252 shares of the company’s stock valued at $342,000 after acquiring an additional 3,755 shares during the last quarter.

Neuberger Berman Next Generation Connectivity Fund Stock Performance

Shares of NBXG opened at $13.50 on Friday. Neuberger Berman Next Generation Connectivity Fund Inc. has a fifty-two week low of $10.05 and a fifty-two week high of $15.65. The firm has a 50 day moving average price of $14.10 and a 200-day moving average price of $14.61.

Neuberger Berman Next Generation Connectivity Fund Announces Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, February 27th. Shareholders of record on Tuesday, February 17th were paid a $0.12 dividend. The ex-dividend date of this dividend was Tuesday, February 17th. This represents a c) annualized dividend and a yield of 10.7%.

About Neuberger Berman Next Generation Connectivity Fund

The Neuberger Berman Next Generation Connectivity Fund (NYSE:NBXG) is an actively managed, closed-end fund dedicated to investing in companies driving the evolution of global connectivity infrastructure. Launched in February 2024 by Neuberger Berman, NBXG seeks total return by building a diversified portfolio of equity and equity-related securities in firms involved in 5G networks, fiber-optic systems, satellite communications, data centers, cloud computing, and other emerging technologies that support faster and more reliable digital connections.

Under its investment strategy, NBXG allocates capital across hardware and software providers, telecommunications carriers, semiconductor manufacturers, and equipment suppliers that benefit from the rollout and expansion of next-generation networks.