Truist Financial Corp Decreases Stock Position in Neuberger Berman Next Generation Connectivity Fund Inc. (NYSE:NBXG)

Truist Financial Corp cut its holdings in Neuberger Berman Next Generation Connectivity Fund Inc. (NYSE:NBXG) by 10.2% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 28,011 shares of the company’s stock after selling 3,188 shares during the period. Truist Financial Corp’s holdings in Neuberger Berman Next Generation Connectivity Fund were worth $357,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Shaker Financial Services LLC acquired a new position in Neuberger Berman Next Generation Connectivity Fund in the 3rd quarter valued at about $326,000. PNC Financial Services Group Inc. raised its stake in Neuberger Berman Next Generation Connectivity Fund by 14.3% in the 3rd quarter. PNC Financial Services Group Inc. now owns 100,372 shares of the company’s stock valued at $1,288,000 after purchasing an additional 12,577 shares during the last quarter. Concorde Asset Management LLC raised its stake in Neuberger Berman Next Generation Connectivity Fund by 10.7% in the 3rd quarter. Concorde Asset Management LLC now owns 44,550 shares of the company’s stock valued at $572,000 after purchasing an additional 4,320 shares during the last quarter. Penserra Capital Management LLC acquired a new position in Neuberger Berman Next Generation Connectivity Fund in the 3rd quarter valued at about $4,317,000. Finally, Walleye Capital LLC acquired a new position in Neuberger Berman Next Generation Connectivity Fund in the 3rd quarter valued at about $576,000.

Neuberger Berman Next Generation Connectivity Fund Price Performance

Shares of NBXG stock opened at $12.69 on Wednesday. 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 moving average price of $13.27 and a 200 day moving average price of $12.96.

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 paid a dividend of $0.10 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 9.46%. The ex-dividend date of this dividend is Monday, March 17th.

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.