Shaker Financial Services LLC Buys Shares of 25,432 Neuberger Berman Next Generation Connectivity Fund Inc. (NYSE:NBXG)

Shaker Financial Services LLC purchased a new stake in shares of Neuberger Berman Next Generation Connectivity Fund Inc. (NYSE:NBXG) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 25,432 shares of the company’s stock, valued at approximately $326,000.

Other hedge funds have also modified their holdings of the company. Carolinas Wealth Consulting LLC bought a new position in Neuberger Berman Next Generation Connectivity Fund during the second quarter valued at approximately $133,000. Wealthspire Advisors LLC bought a new position in shares of Neuberger Berman Next Generation Connectivity Fund during the 2nd quarter valued at $155,000. Prudent Investors Network Inc. acquired a new stake in shares of Neuberger Berman Next Generation Connectivity Fund in the 1st quarter valued at $146,000. PFG Investments LLC bought a new stake in Neuberger Berman Next Generation Connectivity Fund in the second quarter worth $180,000. Finally, Comerica Bank increased its position in Neuberger Berman Next Generation Connectivity Fund by 26.3% during the first quarter. Comerica Bank now owns 15,057 shares of the company’s stock worth $177,000 after buying an additional 3,132 shares during the last quarter.

Neuberger Berman Next Generation Connectivity Fund Stock Up 1.8 %

Shares of Neuberger Berman Next Generation Connectivity Fund stock opened at 13.25 on Friday. Neuberger Berman Next Generation Connectivity Fund Inc. has a 12-month low of 10.40 and a 12-month high of 13.43. The stock has a 50 day moving average price of 12.61 and a two-hundred day moving average price of 12.41.

Neuberger Berman Next Generation Connectivity Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Friday, November 29th. Investors of record on Friday, November 15th will be paid a $0.10 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $1.20 dividend on an annualized basis and a yield of 9.06%.

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.