HighTower Advisors LLC Buys New Shares in Neuberger Berman Next Generation Connectivity Fund Inc. (NYSE:NBXG)

HighTower Advisors LLC bought a new position in shares of Neuberger Berman Next Generation Connectivity Fund Inc. (NYSE:NBXG) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 53,428 shares of the company’s stock, valued at approximately $681,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Raymond James Financial Inc. bought a new stake in shares of Neuberger Berman Next Generation Connectivity Fund in the 4th quarter worth approximately $9,170,000. Blue Bell Private Wealth Management LLC increased its holdings in Neuberger Berman Next Generation Connectivity Fund by 46.7% in the 4th quarter. Blue Bell Private Wealth Management LLC now owns 257,672 shares of the company’s stock valued at $3,283,000 after buying an additional 82,046 shares during the period. Wolverine Asset Management LLC acquired a new position in shares of Neuberger Berman Next Generation Connectivity Fund in the 4th quarter valued at $3,210,000. Stifel Financial Corp lifted its holdings 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 acquiring an additional 1,249 shares during the period. Finally, Cornerstone Wealth Management LLC boosted its position in shares of 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 valued at $1,401,000 after acquiring an additional 6,196 shares in the last quarter.

Neuberger Berman Next Generation Connectivity Fund Stock Performance

Shares of NBXG opened at $12.37 on Friday. The company has a 50-day moving average price of $13.10 and a two-hundred day moving average price of $12.98. Neuberger Berman Next Generation Connectivity Fund Inc. has a 12 month low of $10.70 and a 12 month high of $13.86.

Neuberger Berman Next Generation Connectivity Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 17th will be paid a $0.10 dividend. This represents a $1.20 annualized dividend and a yield of 9.70%. The ex-dividend date 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.