Neuberger Berman Next Generation Connectivity Fund Inc. (NYSE:NBXG) Shares Acquired by LPL Financial LLC

LPL Financial LLC boosted its holdings in Neuberger Berman Next Generation Connectivity Fund Inc. (NYSE:NBXG) by 3.4% in the 4th quarter, HoldingsChannel.com reports. The firm owned 70,306 shares of the company’s stock after buying an additional 2,300 shares during the quarter. LPL Financial LLC’s holdings in Neuberger Berman Next Generation Connectivity Fund were worth $896,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in NBXG. Harbour Investments Inc. grew its holdings in shares of Neuberger Berman Next Generation Connectivity Fund by 8.2% during the 4th quarter. Harbour Investments Inc. now owns 11,570 shares of the company’s stock worth $147,000 after purchasing an additional 875 shares during the period. 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 valued at $297,000 after buying an additional 1,225 shares in the last quarter. Flagship Harbor Advisors LLC lifted its position in Neuberger Berman Next Generation Connectivity Fund by 9.4% during the fourth quarter. Flagship Harbor Advisors LLC now owns 27,115 shares of the company’s stock valued at $345,000 after buying an additional 2,333 shares in the last quarter. World Investment Advisors LLC purchased a new stake in Neuberger Berman Next Generation Connectivity Fund during the third quarter worth approximately $366,000. Finally, Kavar Capital Partners Group LLC acquired a new stake in shares of Neuberger Berman Next Generation Connectivity Fund in the fourth quarter worth $403,000.

Neuberger Berman Next Generation Connectivity Fund Stock Performance

Shares of NBXG opened at $11.45 on Monday. Neuberger Berman Next Generation Connectivity Fund Inc. has a 12 month low of $10.05 and a 12 month high of $13.86. The stock’s 50-day moving average is $12.46 and its two-hundred day moving average is $12.88.

Neuberger Berman Next Generation Connectivity Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Tuesday, April 15th will be issued a dividend of $0.10 per share. The ex-dividend date of this dividend is Tuesday, April 15th. This represents a $1.20 annualized dividend and a yield of 10.48%.

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.