Sanctuary Advisors LLC Grows Stock Position in Neuberger Berman Next Generation Connectivity Fund Inc. (NYSE:NBXG)

Sanctuary Advisors LLC lifted its stake in Neuberger Berman Next Generation Connectivity Fund Inc. (NYSE:NBXG) by 5.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 84,763 shares of the company’s stock after purchasing an additional 4,476 shares during the period. Sanctuary Advisors LLC’s holdings in Neuberger Berman Next Generation Connectivity Fund were worth $1,144,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of NBXG. Penserra Capital Management LLC purchased a new stake in Neuberger Berman Next Generation Connectivity Fund during the 3rd quarter worth about $4,317,000. Wealth Enhancement Advisory Services LLC lifted its holdings in Neuberger Berman Next Generation Connectivity Fund by 40.2% during 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. Stifel Financial Corp lifted its holdings in 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. Cornerstone Wealth Management LLC lifted its holdings in Neuberger Berman Next Generation Connectivity Fund by 6.0% during the 4th quarter. Cornerstone Wealth Management LLC now owns 109,978 shares of the company’s stock worth $1,401,000 after buying an additional 6,196 shares during the last quarter. Finally, Private Advisor Group LLC lifted its holdings in Neuberger Berman Next Generation Connectivity Fund by 3.6% during the 3rd quarter. Private Advisor Group LLC now owns 100,766 shares of the company’s stock worth $1,293,000 after buying an additional 3,500 shares during the last quarter.

Neuberger Berman Next Generation Connectivity Fund Stock Down 1.1 %

Shares of NYSE NBXG opened at $13.07 on Wednesday. The business has a 50-day moving average of $13.26 and a two-hundred day moving average of $12.93. Neuberger Berman Next Generation Connectivity Fund Inc. has a 1 year low of $10.70 and a 1 year high of $13.86.

Neuberger Berman Next Generation Connectivity Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, February 28th. Stockholders of record on Tuesday, February 18th will be given a dividend of $0.10 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 9.18%. The ex-dividend date of this dividend 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.