Prudent Investors Network Inc. Invests $146,000 in Neuberger Berman Next Generation Connectivity Fund Inc. (NYSE:NBXG)

by · The Cerbat Gem

Prudent Investors Network Inc. purchased a new position in shares of Neuberger Berman Next Generation Connectivity Fund Inc. (NYSE:NBXG – Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 12,425 shares of the company’s stock, valued at approximately $146,000.

Several other hedge funds and other institutional investors have also made changes to their positions in NBXG. Raymond James & Associates raised its stake in shares of Neuberger Berman Next Generation Connectivity Fund by 39.2% during the 4th quarter. Raymond James & Associates now owns 56,693 shares of the company’s stock worth $620,000 after buying an additional 15,974 shares during the last quarter. Raymond James Financial Services Advisors Inc. raised its stake in Neuberger Berman Next Generation Connectivity Fund by 20.3% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 408,266 shares of the company’s stock valued at $4,462,000 after purchasing an additional 68,865 shares during the last quarter. Global Retirement Partners LLC acquired a new position in Neuberger Berman Next Generation Connectivity Fund in the 4th quarter valued at about $33,000. Claro Advisors LLC raised its stake in Neuberger Berman Next Generation Connectivity Fund by 96.8% in the 4th quarter. Claro Advisors LLC now owns 51,824 shares of the company’s stock valued at $566,000 after purchasing an additional 25,486 shares during the last quarter. Finally, Blue Bell Private Wealth Management LLC raised its stake in Neuberger Berman Next Generation Connectivity Fund by 45.2% in the 4th quarter. Blue Bell Private Wealth Management LLC now owns 82,194 shares of the company’s stock valued at $898,000 after purchasing an additional 25,573 shares during the last quarter.

Neuberger Berman Next Generation Connectivity Fund Trading Down 1.5 %

NBXG stock traded down 0.18 during trading on Tuesday, hitting 11.91. The stock had a trading volume of 218,000 shares, compared to its average volume of 247,462. The company’s 50 day moving average price is 12.63 and its two-hundred day moving average price is 12.01. Neuberger Berman Next Generation Connectivity Fund Inc. has a 1-year low of 9.31 and a 1-year high of 13.43.

Neuberger Berman Next Generation Connectivity Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Wednesday, July 31st. Investors of record on Monday, July 15th will be paid a $0.10 dividend. This represents a $1.20 annualized dividend and a yield of 10.08%. The ex-dividend date of this dividend is Monday, July 15th.

Neuberger Berman Next Generation Connectivity Fund Company Profile

(Free Report)

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.

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