Concorde Asset Management LLC Has $519,000 Stake in Neuberger Berman Next Generation Connectivity Fund Inc. (NYSE:NBXG)

Concorde Asset Management LLC boosted its holdings in Neuberger Berman Next Generation Connectivity Fund Inc. (NYSE:NBXG) by 63.2% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 40,230 shares of the company’s stock after buying an additional 15,580 shares during the period. Concorde Asset Management LLC’s holdings in Neuberger Berman Next Generation Connectivity Fund were worth $519,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Karpus Management Inc. boosted its holdings in Neuberger Berman Next Generation Connectivity Fund by 9.1% during the first quarter. Karpus Management Inc. now owns 4,177,887 shares of the company’s stock worth $49,090,000 after buying an additional 349,731 shares during the last quarter. 1607 Capital Partners LLC grew its holdings in Neuberger Berman Next Generation Connectivity Fund by 11.4% during the fourth quarter. 1607 Capital Partners LLC now owns 1,081,969 shares of the company’s stock valued at $11,826,000 after purchasing an additional 110,446 shares during the period. Wells Fargo & Company MN grew its holdings in Neuberger Berman Next Generation Connectivity Fund by 1.4% during the fourth quarter. Wells Fargo & Company MN now owns 1,025,482 shares of the company’s stock valued at $11,209,000 after purchasing an additional 14,368 shares during the period. Bulldog Investors LLP increased its stake in Neuberger Berman Next Generation Connectivity Fund by 8.5% in the fourth quarter. Bulldog Investors LLP now owns 636,477 shares of the company’s stock valued at $6,957,000 after purchasing an additional 49,931 shares in the last quarter. Finally, Quantedge Capital Pte Ltd raised its holdings in Neuberger Berman Next Generation Connectivity Fund by 9.9% in the fourth quarter. Quantedge Capital Pte Ltd now owns 403,842 shares of the company’s stock worth $4,414,000 after purchasing an additional 36,500 shares during the period.

Neuberger Berman Next Generation Connectivity Fund Price Performance

Shares of NBXG stock opened at 12.42 on Thursday. Neuberger Berman Next Generation Connectivity Fund Inc. has a 12-month low of 9.31 and a 12-month high of 13.43. The firm has a fifty day moving average of 12.21 and a 200-day moving average of 12.15.

Neuberger Berman Next Generation Connectivity Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, September 30th. Shareholders of record on Monday, September 16th will be issued a $0.10 dividend. The ex-dividend date of this dividend is Monday, September 16th. This represents a $1.20 annualized dividend and a dividend yield of 9.66%.

About Neuberger Berman Next Generation Connectivity Fund

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.