PNC Financial Services Group Inc. Has $1.03 Million Stock Holdings in Neuberger Berman Next Generation Connectivity Fund Inc. (NYSE:NBXG)

PNC Financial Services Group Inc. lifted its position in Neuberger Berman Next Generation Connectivity Fund Inc. (NYSE:NBXG) by 8.6% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 94,240 shares of the company’s stock after buying an additional 7,450 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Neuberger Berman Next Generation Connectivity Fund were worth $1,030,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of the business. Global Retirement Partners LLC acquired a new position in shares of Neuberger Berman Next Generation Connectivity Fund during the 4th quarter worth about $33,000. Macroview Investment Management LLC acquired a new position in shares of Neuberger Berman Next Generation Connectivity Fund in the 4th quarter worth approximately $87,000. Bay Colony Advisory Group Inc d b a Bay Colony Advisors bought a new stake in shares of Neuberger Berman Next Generation Connectivity Fund during the fourth quarter worth $129,000. Cape Investment Advisory Inc. acquired a new stake in Neuberger Berman Next Generation Connectivity Fund in the 4th quarter valued at about $218,000. Finally, AlphaStar Capital Management LLC increased its holdings in shares of Neuberger Berman Next Generation Connectivity Fund by 149.7% in the fourth quarter. AlphaStar Capital Management LLC now owns 27,337 shares of the company’s stock valued at $299,000 after purchasing an additional 16,391 shares in the last quarter.

Neuberger Berman Next Generation Connectivity Fund Price Performance

Shares of NYSE:NBXG opened at 12.77 on Monday. The business has a 50-day moving average price of 12.07 and a two-hundred day moving average price of 11.65. Neuberger Berman Next Generation Connectivity Fund Inc. has a 1-year low of 9.31 and a 1-year high of 12.97.

Neuberger Berman Next Generation Connectivity Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Friday, June 28th. Investors of record on Monday, June 17th will be given a $0.10 dividend. The ex-dividend date is Monday, June 17th. This represents a $1.20 annualized dividend and a dividend yield of 9.40%.

Neuberger Berman Next Generation Connectivity Fund Company 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.