Neuberger Berman Next Generation Connectivity Fund Inc. (NYSE:NBXG) Position Reduced by Dakota Wealth Management

Dakota Wealth Management reduced its position in Neuberger Berman Next Generation Connectivity Fund Inc. (NYSE:NBXG) by 4.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 82,396 shares of the company’s stock after selling 4,227 shares during the period. Dakota Wealth Management’s holdings in Neuberger Berman Next Generation Connectivity Fund were worth $1,050,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. Bay Colony Advisory Group Inc d b a Bay Colony Advisors grew its position in Neuberger Berman Next Generation Connectivity Fund by 15.4% during the 3rd quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 20,194 shares of the company’s stock worth $259,000 after purchasing an additional 2,698 shares in the last quarter. Shaker Financial Services LLC purchased a new position in shares of Neuberger Berman Next Generation Connectivity Fund during the third quarter valued at $326,000. World Investment Advisors LLC acquired a new position in Neuberger Berman Next Generation Connectivity Fund during the third quarter valued at $366,000. Truist Financial Corp acquired a new position in Neuberger Berman Next Generation Connectivity Fund during the second quarter valued at $384,000. Finally, Concorde Asset Management LLC lifted its stake in Neuberger Berman Next Generation Connectivity Fund by 10.7% in the 3rd quarter. Concorde Asset Management LLC now owns 44,550 shares of the company’s stock worth $572,000 after acquiring an additional 4,320 shares in the last quarter.

Neuberger Berman Next Generation Connectivity Fund Stock Down 0.4 %

NYSE:NBXG opened at $13.67 on Friday. Neuberger Berman Next Generation Connectivity Fund Inc. has a fifty-two week low of $10.70 and a fifty-two week high of $13.75. The stock’s 50-day moving average is $13.11 and its two-hundred day moving average is $12.74.

Neuberger Berman Next Generation Connectivity Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, January 31st. Investors of record on Wednesday, January 15th will be given a dividend of $0.10 per share. This represents a $1.20 dividend on an annualized basis and a yield of 8.78%. The ex-dividend date is Wednesday, January 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.