AlphaStar Capital Management LLC Raises Position in Neuberger Berman Next Generation Connectivity Fund Inc. (NYSE:NBXG)

AlphaStar Capital Management LLC lifted its position in Neuberger Berman Next Generation Connectivity Fund Inc. (NYSE:NBXG) by 13.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 35,925 shares of the company’s stock after buying an additional 4,272 shares during the period. AlphaStar Capital Management LLC’s holdings in Neuberger Berman Next Generation Connectivity Fund were worth $458,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the company. Truist Financial Corp purchased a new stake in Neuberger Berman Next Generation Connectivity Fund during the 2nd quarter valued at $384,000. Sanctuary Advisors LLC purchased a new stake in shares of Neuberger Berman Next Generation Connectivity Fund during the second quarter valued at $864,000. Private Advisor Group LLC boosted its position in shares of Neuberger Berman Next Generation Connectivity Fund by 3.6% during the third quarter. Private Advisor Group LLC now owns 100,766 shares of the company’s stock valued at $1,293,000 after buying an additional 3,500 shares during the last quarter. Dakota Wealth Management increased its holdings in Neuberger Berman Next Generation Connectivity Fund by 2.9% in the 3rd quarter. Dakota Wealth Management now owns 86,623 shares of the company’s stock worth $1,111,000 after buying an additional 2,406 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC raised its position in Neuberger Berman Next Generation Connectivity Fund by 40.2% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 160,456 shares of the company’s stock worth $2,059,000 after buying an additional 46,005 shares during the last quarter.

Neuberger Berman Next Generation Connectivity Fund Stock Up 0.2 %

Shares of NYSE NBXG opened at $13.57 on Monday. The firm’s 50-day moving average price is $13.19 and its 200-day moving average price is $12.77. Neuberger Berman Next Generation Connectivity Fund Inc. has a 52-week low of $10.70 and a 52-week high of $13.75.

Neuberger Berman Next Generation Connectivity Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Friday, February 28th. Investors of record on Tuesday, February 18th will be issued a $0.10 dividend. This represents a $1.20 annualized dividend and a yield of 8.84%. The ex-dividend date is 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.