Thomas J. Herzfeld Advisors Inc. Trims Position in Neuberger Berman Next Generation Connectivity Fund Inc. (NYSE:NBXG)

Thomas J. Herzfeld Advisors Inc. lessened its holdings in shares of Neuberger Berman Next Generation Connectivity Fund Inc. (NYSE:NBXG) by 0.4% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 359,056 shares of the company’s stock after selling 1,356 shares during the quarter. Neuberger Berman Next Generation Connectivity Fund accounts for about 1.5% of Thomas J. Herzfeld Advisors Inc.’s investment portfolio, making the stock its 21st largest holding. Thomas J. Herzfeld Advisors Inc.’s holdings in Neuberger Berman Next Generation Connectivity Fund were worth $4,574,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of NBXG. Harbour Investments Inc. increased its holdings in shares of Neuberger Berman Next Generation Connectivity Fund by 8.2% in the 4th quarter. Harbour Investments Inc. now owns 11,570 shares of the company’s stock worth $147,000 after acquiring an additional 875 shares during the period. Commonwealth Equity Services LLC boosted its position in Neuberger Berman Next Generation Connectivity Fund by 5.5% during the 4th quarter. Commonwealth Equity Services LLC now owns 23,319 shares of the company’s stock worth $297,000 after acquiring an additional 1,225 shares during the period. Flagship Harbor Advisors LLC grew its holdings in shares of Neuberger Berman Next Generation Connectivity Fund by 9.4% during the 4th quarter. Flagship Harbor Advisors LLC now owns 27,115 shares of the company’s stock valued at $345,000 after acquiring an additional 2,333 shares in the last quarter. World Investment Advisors LLC bought a new position in Neuberger Berman Next Generation Connectivity Fund during the third quarter valued at approximately $366,000. Finally, Kavar Capital Partners Group LLC acquired a new position in shares of Neuberger Berman Next Generation Connectivity Fund during the 4th quarter valued at about $403,000.

Neuberger Berman Next Generation Connectivity Fund Trading Down 0.4 %

Shares of NBXG opened at $12.30 on Tuesday. The company’s fifty day moving average price is $13.08 and its 200 day moving average price is $13.00. Neuberger Berman Next Generation Connectivity Fund Inc. has a one year low of $10.70 and a one year high of $13.86.

Neuberger Berman Next Generation Connectivity Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 17th were paid a dividend of $0.10 per share. The ex-dividend date of this dividend was Monday, March 17th. This represents a $1.20 annualized dividend and a yield of 9.76%.

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.