Corient Private Wealth LLC Sells 3,971 Shares of Neuberger Berman Next Generation Connectivity Fund Inc. (NYSE:NBXG)

Corient Private Wealth LLC trimmed its stake in shares of Neuberger Berman Next Generation Connectivity Fund Inc. (NYSE:NBXG) by 22.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,402 shares of the company’s stock after selling 3,971 shares during the quarter. Corient Private Wealth LLC’s holdings in Neuberger Berman Next Generation Connectivity Fund were worth $171,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Commonwealth Equity Services LLC boosted its stake in shares of Neuberger Berman Next Generation Connectivity Fund by 5.5% during the fourth quarter. Commonwealth Equity Services LLC now owns 23,319 shares of the company’s stock valued at $297,000 after purchasing an additional 1,225 shares during the period. Stifel Financial Corp raised 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 valued at $1,690,000 after buying an additional 1,249 shares during the last quarter. Flagship Harbor Advisors LLC boosted its position in Neuberger Berman Next Generation Connectivity Fund by 9.4% during the 4th quarter. Flagship Harbor Advisors LLC now owns 27,115 shares of the company’s stock valued at $345,000 after buying an additional 2,333 shares during the period. Oppenheimer & Co. Inc. grew its holdings in Neuberger Berman Next Generation Connectivity Fund by 5.6% in the 4th quarter. Oppenheimer & Co. Inc. now owns 77,607 shares of the company’s stock worth $989,000 after acquiring an additional 4,107 shares during the last quarter. Finally, AlphaStar Capital Management LLC increased its position in shares of Neuberger Berman Next Generation Connectivity Fund by 13.5% in the fourth quarter. AlphaStar Capital Management LLC now owns 35,925 shares of the company’s stock valued at $458,000 after acquiring an additional 4,272 shares during the period.

Neuberger Berman Next Generation Connectivity Fund Stock Up 0.7 %

Shares of NYSE:NBXG opened at $12.34 on Wednesday. The company has a 50-day moving average price of $13.06 and a 200-day moving average price of $13.00. 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 firm also recently declared a monthly dividend, which will be paid on Wednesday, April 30th. Investors of record on Tuesday, April 15th will be paid a $0.10 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 9.72%. The ex-dividend date is Tuesday, April 15th.

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.