Private Advisor Group LLC Trims Stock Holdings in Neuberger Berman Next Generation Connectivity Fund Inc. (NYSE:NBXG)

Private Advisor Group LLC lowered its stake in Neuberger Berman Next Generation Connectivity Fund Inc. (NYSE:NBXG) by 18.8% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 81,866 shares of the company’s stock after selling 18,900 shares during the quarter. Private Advisor Group LLC’s holdings in Neuberger Berman Next Generation Connectivity Fund were worth $1,043,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Sanctuary Advisors LLC raised its stake in Neuberger Berman Next Generation Connectivity Fund by 5.6% during the 4th quarter. Sanctuary Advisors LLC now owns 84,763 shares of the company’s stock worth $1,144,000 after acquiring an additional 4,476 shares during the period. AlphaStar Capital Management LLC increased its stake in shares of Neuberger Berman Next Generation Connectivity Fund by 13.5% in the fourth quarter. AlphaStar Capital Management LLC now owns 35,925 shares of the company’s stock worth $458,000 after purchasing an additional 4,272 shares in the last quarter. Kavar Capital Partners Group LLC bought a new stake in shares of Neuberger Berman Next Generation Connectivity Fund during the 4th quarter valued at $403,000. Kingswood Wealth Advisors LLC purchased a new position in shares of Neuberger Berman Next Generation Connectivity Fund during the 4th quarter valued at $463,000. Finally, Flagship Harbor Advisors LLC boosted its holdings in Neuberger Berman Next Generation Connectivity Fund by 9.4% in the 4th quarter. Flagship Harbor Advisors LLC now owns 27,115 shares of the company’s stock worth $345,000 after buying an additional 2,333 shares during the period.

Neuberger Berman Next Generation Connectivity Fund Trading Up 0.8 %

Shares of NBXG stock opened at $13.08 on Friday. The stock has a fifty day simple moving average of $13.27 and a two-hundred day simple moving average of $12.94. Neuberger Berman Next Generation Connectivity Fund Inc. has a 52-week low of $10.70 and a 52-week high of $13.86.

Neuberger Berman Next Generation Connectivity Fund Dividend Announcement

The firm also recently announced a monthly dividend, which was paid on Friday, February 28th. Investors of record on Tuesday, February 18th were paid a dividend of $0.10 per share. This represents a $1.20 annualized dividend and a yield of 9.17%. The ex-dividend date was Tuesday, February 18th.

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.