13,923 Shares in Neuberger Berman Next Generation Connectivity Fund Inc. (NYSE:NBXG) Acquired by PFG Investments LLC

PFG Investments LLC purchased a new position in Neuberger Berman Next Generation Connectivity Fund Inc. (NYSE:NBXG) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 13,923 shares of the company’s stock, valued at approximately $180,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Blue Bell Private Wealth Management LLC grew its stake in shares of Neuberger Berman Next Generation Connectivity Fund by 16.5% in the 2nd quarter. Blue Bell Private Wealth Management LLC now owns 122,462 shares of the company’s stock worth $1,581,000 after buying an additional 17,348 shares during the last quarter. Claro Advisors LLC lifted its position in Neuberger Berman Next Generation Connectivity Fund by 29.0% in the 2nd quarter. Claro Advisors LLC now owns 70,179 shares of the company’s stock valued at $906,000 after acquiring an additional 15,796 shares in the last quarter. Commonwealth Equity Services LLC lifted its position in Neuberger Berman Next Generation Connectivity Fund by 43.7% in the 2nd quarter. Commonwealth Equity Services LLC now owns 28,278 shares of the company’s stock valued at $365,000 after acquiring an additional 8,596 shares in the last quarter. AlphaStar Capital Management LLC lifted its position in Neuberger Berman Next Generation Connectivity Fund by 14.4% in the 2nd quarter. AlphaStar Capital Management LLC now owns 31,276 shares of the company’s stock valued at $404,000 after acquiring an additional 3,939 shares in the last quarter. Finally, Bay Colony Advisory Group Inc d b a Bay Colony Advisors lifted its position in Neuberger Berman Next Generation Connectivity Fund by 32.9% in the 2nd quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 17,496 shares of the company’s stock valued at $226,000 after acquiring an additional 4,329 shares in the last quarter.

Neuberger Berman Next Generation Connectivity Fund Stock Up 0.7 %

NBXG stock opened at 12.24 on Friday. The stock’s 50 day simple moving average is 12.27 and its 200 day simple moving average is 12.14. Neuberger Berman Next Generation Connectivity Fund Inc. has a 12-month low of 9.31 and a 12-month high of 13.43.

Neuberger Berman Next Generation Connectivity Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, September 30th. Stockholders of record on Monday, September 16th will be paid a dividend of $0.10 per share. This represents a $1.20 annualized dividend and a dividend yield of 9.80%. The ex-dividend date of this dividend is Monday, September 16th.

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.