Allspring Global Investments Holdings LLC Grows Stake in Neuberger Berman Next Generation Connectivity Fund Inc. (NYSE:NBXG)

Allspring Global Investments Holdings LLC raised its stake in Neuberger Berman Next Generation Connectivity Fund Inc. (NYSE:NBXG) by 45.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 452,588 shares of the company’s stock after acquiring an additional 140,773 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Neuberger Berman Next Generation Connectivity Fund were worth $4,947,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. bought a new stake in shares of Neuberger Berman Next Generation Connectivity Fund in the second quarter valued at approximately $32,000. Global Retirement Partners LLC bought a new stake in shares of Neuberger Berman Next Generation Connectivity Fund in the fourth quarter valued at approximately $33,000. Harbour Investments Inc. bought a new stake in shares of Neuberger Berman Next Generation Connectivity Fund in the fourth quarter valued at approximately $87,000. Ieq Capital LLC bought a new stake in shares of Neuberger Berman Next Generation Connectivity Fund in the third quarter valued at approximately $104,000. Finally, Commonwealth Equity Services LLC bought a new stake in shares of Neuberger Berman Next Generation Connectivity Fund in the third quarter valued at approximately $105,000.

Neuberger Berman Next Generation Connectivity Fund Price Performance

NYSE NBXG opened at 11.37 on Friday. The company’s 50 day moving average is 11.75 and its 200-day moving average is 11.06. Neuberger Berman Next Generation Connectivity Fund Inc. has a 12-month low of 9.31 and a 12-month high of 12.23.

Neuberger Berman Next Generation Connectivity Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Monday, April 15th will be issued a dividend of $0.10 per share. The ex-dividend date of this dividend is Friday, April 12th. This represents a $1.20 annualized dividend and a dividend yield of 10.55%.

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.