Sit Investment Associates Inc. Has $14.71 Million Stock Holdings in Neuberger Berman Next Generation Connectivity Fund Inc. $NBXG

Sit Investment Associates Inc. cut its position in shares of Neuberger Berman Next Generation Connectivity Fund Inc. (NYSE:NBXG) by 28.4% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,018,961 shares of the company’s stock after selling 405,020 shares during the quarter. Sit Investment Associates Inc.’s holdings in Neuberger Berman Next Generation Connectivity Fund were worth $14,714,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Kestra Advisory Services LLC acquired a new stake in shares of Neuberger Berman Next Generation Connectivity Fund during the fourth quarter worth approximately $47,000. Geneos Wealth Management Inc. acquired a new stake in Neuberger Berman Next Generation Connectivity Fund in the first quarter valued at approximately $57,000. Global Retirement Partners LLC acquired a new stake in Neuberger Berman Next Generation Connectivity Fund in the fourth quarter valued at approximately $62,000. Activest Wealth Management bought a new stake in Neuberger Berman Next Generation Connectivity Fund in the fourth quarter worth approximately $108,000. Finally, Ameritas Advisory Services LLC grew its position in Neuberger Berman Next Generation Connectivity Fund by 527.5% in the third quarter. Ameritas Advisory Services LLC now owns 7,530 shares of the company’s stock worth $116,000 after acquiring an additional 6,330 shares in the last quarter.

Neuberger Berman Next Generation Connectivity Fund Stock Performance

Shares of NBXG opened at $17.16 on Friday. The company’s fifty day moving average is $15.35 and its 200-day moving average is $14.40. Neuberger Berman Next Generation Connectivity Fund Inc. has a 12 month low of $12.32 and a 12 month high of $17.28.

Neuberger Berman Next Generation Connectivity Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be issued a $0.12 dividend. The ex-dividend date is Monday, June 15th. This represents a c) dividend on an annualized basis and a yield of 8.4%.

Neuberger Berman Next Generation Connectivity Fund Profile

The Neuberger Berman Next Generation Connectivity Fund (NYSE:NBXG) is an actively managed, closed-end fund dedicated to investing in companies driving the evolution of global connectivity infrastructure. Launched in February 2024 by Neuberger Berman, NBXG seeks total return by building a diversified portfolio of equity and equity-related securities in firms involved in 5G networks, fiber-optic systems, satellite communications, data centers, cloud computing, and other emerging technologies that support faster and more reliable digital connections.

Under its investment strategy, NBXG allocates capital across hardware and software providers, telecommunications carriers, semiconductor manufacturers, and equipment suppliers that benefit from the rollout and expansion of next-generation networks.