Sit Investment Associates Inc. Has $17.23 Million Stock Holdings in Neuberger Berman Next Generation Connectivity Fund Inc. (NYSE:NBXG)

Sit Investment Associates Inc. boosted its position in Neuberger Berman Next Generation Connectivity Fund Inc. (NYSE:NBXG) by 29.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,352,512 shares of the company’s stock after acquiring an additional 308,108 shares during the quarter. Sit Investment Associates Inc.’s holdings in Neuberger Berman Next Generation Connectivity Fund were worth $17,231,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. Harbour Investments Inc. lifted its holdings in shares of Neuberger Berman Next Generation Connectivity Fund by 8.2% in the fourth quarter. Harbour Investments Inc. now owns 11,570 shares of the company’s stock worth $147,000 after acquiring an additional 875 shares during the last quarter. Landscape Capital Management L.L.C. bought a new stake in shares of Neuberger Berman Next Generation Connectivity Fund during the fourth quarter worth $235,000. Commonwealth Equity Services LLC grew 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 worth $297,000 after buying an additional 1,225 shares during the last quarter. Flagship Harbor Advisors LLC increased its holdings in shares of Neuberger Berman Next Generation Connectivity Fund by 9.4% during the fourth quarter. Flagship Harbor Advisors LLC now owns 27,115 shares of the company’s stock worth $345,000 after buying an additional 2,333 shares in the last quarter. Finally, World Investment Advisors LLC acquired a new stake in shares of Neuberger Berman Next Generation Connectivity Fund during the 3rd quarter valued at $366,000.

Neuberger Berman Next Generation Connectivity Fund Stock Down 6.8 %

Shares of NBXG opened at $10.97 on Friday. Neuberger Berman Next Generation Connectivity Fund Inc. has a 12-month low of $10.70 and a 12-month high of $13.86. The business has a 50-day simple moving average of $12.94 and a two-hundred day simple moving average of $12.98.

Neuberger Berman Next Generation Connectivity Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Tuesday, April 15th will be issued a dividend of $0.10 per share. This represents a $1.20 dividend on an annualized basis and a yield of 10.94%. The ex-dividend date of this dividend 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.