Neuberger Berman Next Generation Connectivity Fund (NYSE:NBXG) Stock Price Breaks Above 200 Day Moving Average – What’s Next?

Shares of Neuberger Berman Next Generation Connectivity Fund Inc. (NYSE:NBXG) crossed above its two hundred day moving average during trading on Tuesday. The stock has a two hundred day moving average of $14.85 and traded as high as $14.99. Neuberger Berman Next Generation Connectivity Fund shares last traded at $14.8760, with a volume of 101,230 shares traded.

Neuberger Berman Next Generation Connectivity Fund Trading Down 0.0%

The business has a fifty day moving average price of $15.34 and a 200 day moving average price of $14.85.

Neuberger Berman Next Generation Connectivity Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Friday, October 30th. Investors of record on Thursday, October 15th will be given a $0.12 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 9.6%. The ex-dividend date is Thursday, October 15th.

Institutional Trading of Neuberger Berman Next Generation Connectivity Fund

A number of hedge funds and other institutional investors have recently made changes to their positions in NBXG. Oppenheimer & Co. Inc. boosted its holdings in shares of Neuberger Berman Next Generation Connectivity Fund by 1.0% in the third quarter. Oppenheimer & Co. Inc. now owns 73,992 shares of the company’s stock valued at $1,161,000 after acquiring an additional 741 shares in the last quarter. Flagship Harbor Advisors LLC increased its stake in shares of Neuberger Berman Next Generation Connectivity Fund by 6.7% during the third quarter. Flagship Harbor Advisors LLC now owns 59,497 shares of the company’s stock valued at $934,000 after acquiring an additional 3,749 shares during the period. Kingswood Wealth Advisors LLC increased its stake in shares of Neuberger Berman Next Generation Connectivity Fund by 16.1% during the third quarter. Kingswood Wealth Advisors LLC now owns 77,408 shares of the company’s stock valued at $1,215,000 after acquiring an additional 10,755 shares during the period. Root Financial Partners LLC bought a new stake in Neuberger Berman Next Generation Connectivity Fund during the third quarter worth approximately $30,000. Finally, Prairie Advisory LLC raised its holdings in Neuberger Berman Next Generation Connectivity Fund by 100.7% during the third quarter. Prairie Advisory LLC now owns 21,748 shares of the company’s stock worth $341,000 after purchasing an additional 10,911 shares in the last quarter.

Neuberger Berman Next Generation Connectivity Fund Company Profile

Neuberger Berman Next Generation Connectivity Fund Inc is a closed-end investment company listed on the New York Stock Exchange under the symbol NBXG. The fund is managed by Neuberger Berman Investment Advisers LLC, an affiliate of global investment manager Neuberger Berman.

The fund seeks to provide investors with exposure to companies involved in the development and expansion of next-generation connectivity. Its investment focus may include businesses associated with wireless communications, 5G networks, broadband, data centers, cloud computing, digital infrastructure, communications equipment, and related technologies and services.

NBXG invests primarily in publicly traded companies and may allocate its portfolio across markets worldwide, allowing it to participate in connectivity-related growth opportunities in the United States and international markets.