Bay Colony Advisory Group Inc d b a Bay Colony Advisors Invests $129,000 in Neuberger Berman Next Generation Connectivity Fund Inc. (NYSE:NBXG)

Bay Colony Advisory Group Inc d b a Bay Colony Advisors acquired a new position in Neuberger Berman Next Generation Connectivity Fund Inc. (NYSE:NBXG) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 11,760 shares of the company’s stock, valued at approximately $129,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in NBXG. Allspring Global Investments Holdings LLC boosted its holdings in Neuberger Berman Next Generation Connectivity Fund by 45.1% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 452,588 shares of the company’s stock worth $4,947,000 after buying an additional 140,773 shares in the last quarter. Blue Bell Private Wealth Management LLC boosted its holdings in Neuberger Berman Next Generation Connectivity Fund by 45.2% during the fourth quarter. Blue Bell Private Wealth Management LLC now owns 82,194 shares of the company’s stock worth $898,000 after buying an additional 25,573 shares in the last quarter. Claro Advisors LLC boosted its holdings in Neuberger Berman Next Generation Connectivity Fund by 96.8% during the fourth quarter. Claro Advisors LLC now owns 51,824 shares of the company’s stock worth $566,000 after buying an additional 25,486 shares in the last quarter. Global Retirement Partners LLC purchased a new stake in Neuberger Berman Next Generation Connectivity Fund during the fourth quarter worth $33,000. Finally, Raymond James Financial Services Advisors Inc. boosted its holdings in Neuberger Berman Next Generation Connectivity Fund by 20.3% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 408,266 shares of the company’s stock worth $4,462,000 after buying an additional 68,865 shares in the last quarter.

Neuberger Berman Next Generation Connectivity Fund Price Performance

Shares of NYSE NBXG opened at 11.61 on Wednesday. Neuberger Berman Next Generation Connectivity Fund Inc. has a 1 year low of 9.31 and a 1 year high of 12.23. The company’s fifty day moving average price is 11.76 and its 200 day moving average price is 11.04.

Neuberger Berman Next Generation Connectivity Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Monday, April 15th will be issued a dividend of $0.10 per share. This represents a $1.20 annualized dividend and a yield of 10.34%. The ex-dividend date of this dividend is Friday, April 12th.

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.