GWN Securities Inc. Makes New Investment in Neuberger Berman Next Generation Connectivity Fund Inc. (NYSE:NBXG)

GWN Securities Inc. purchased a new position in shares of Neuberger Berman Next Generation Connectivity Fund Inc. (NYSE:NBXG) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 32,851 shares of the company’s stock, valued at approximately $448,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Raymond James Financial Inc. acquired a new position in Neuberger Berman Next Generation Connectivity Fund during the 4th quarter worth approximately $9,170,000. Penserra Capital Management LLC acquired a new position in Neuberger Berman Next Generation Connectivity Fund during the 3rd quarter worth approximately $4,317,000. Blue Bell Private Wealth Management LLC lifted its position in shares of Neuberger Berman Next Generation Connectivity Fund by 46.7% during the 4th quarter. Blue Bell Private Wealth Management LLC now owns 257,672 shares of the company’s stock worth $3,283,000 after buying an additional 82,046 shares during the last quarter. Wolverine Asset Management LLC purchased a new stake in shares of Neuberger Berman Next Generation Connectivity Fund during the 4th quarter worth approximately $3,210,000. Finally, Stifel Financial Corp lifted its position in shares of Neuberger Berman Next Generation Connectivity Fund by 1.0% during the 3rd quarter. Stifel Financial Corp now owns 131,751 shares of the company’s stock worth $1,690,000 after buying an additional 1,249 shares during the last quarter.

Neuberger Berman Next Generation Connectivity Fund Stock Performance

Shares of NYSE:NBXG opened at $12.48 on Monday. Neuberger Berman Next Generation Connectivity Fund Inc. has a twelve month low of $10.70 and a twelve month high of $13.86. The firm has a 50 day simple moving average of $13.19 and a 200-day simple moving average of $12.97.

Neuberger Berman Next Generation Connectivity Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 17th will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Monday, March 17th. This represents a $1.20 annualized dividend and a dividend yield of 9.62%.

About Neuberger Berman Next Generation Connectivity Fund

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.