Penserra Capital Management LLC Has $6.52 Million Stock Holdings in Neuberger Berman Next Generation Connectivity Fund Inc. $NBXG

Penserra Capital Management LLC increased its position in shares of Neuberger Berman Next Generation Connectivity Fund Inc. (NYSE:NBXG) by 13.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 423,731 shares of the company’s stock after acquiring an additional 50,761 shares during the period. Penserra Capital Management LLC’s holdings in Neuberger Berman Next Generation Connectivity Fund were worth $6,516,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of NBXG. Bank of America Corp DE raised its stake in shares of Neuberger Berman Next Generation Connectivity Fund by 71.9% during the 2nd quarter. Bank of America Corp DE now owns 946,968 shares of the company’s stock worth $13,826,000 after purchasing an additional 395,994 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its holdings 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 during the last quarter. Allspring Global Investments Holdings LLC raised its position in Neuberger Berman Next Generation Connectivity Fund by 28.6% during the third quarter. Allspring Global Investments Holdings LLC now owns 210,313 shares of the company’s stock valued at $3,235,000 after acquiring an additional 46,814 shares in the last quarter. XTX Topco Ltd acquired a new stake in Neuberger Berman Next Generation Connectivity Fund in the second quarter valued at approximately $392,000. Finally, Blue Bell Private Wealth Management LLC lifted its stake in Neuberger Berman Next Generation Connectivity Fund by 7.7% in the third quarter. Blue Bell Private Wealth Management LLC now owns 317,370 shares of the company’s stock valued at $4,881,000 after acquiring an additional 22,791 shares during the last quarter.

Neuberger Berman Next Generation Connectivity Fund Stock Performance

Shares of NBXG opened at $13.24 on Friday. The company’s fifty day moving average is $14.49 and its 200-day moving average is $14.75. Neuberger Berman Next Generation Connectivity Fund Inc. has a 12 month low of $10.05 and a 12 month high of $15.65.

Neuberger Berman Next Generation Connectivity Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Friday, February 27th. Shareholders of record on Tuesday, February 17th will be issued a dividend of $0.12 per share. This represents a c) annualized dividend and a yield of 10.9%. The ex-dividend date is Tuesday, February 17th.

Neuberger Berman Next Generation Connectivity Fund Company Profile

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.