Wealth Enhancement Advisory Services LLC Has $6.12 Million Position in Neuberger Berman Next Generation Connectivity Fund Inc. $NBXG

Wealth Enhancement Advisory Services LLC grew its stake in Neuberger Berman Next Generation Connectivity Fund Inc. (NYSE:NBXG) by 18.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 397,725 shares of the company’s stock after acquiring an additional 61,230 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Neuberger Berman Next Generation Connectivity Fund were worth $6,117,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of the stock. Advisors Asset Management Inc. increased its stake in shares of Neuberger Berman Next Generation Connectivity Fund by 0.4% in the 2nd quarter. Advisors Asset Management Inc. now owns 176,315 shares of the company’s stock valued at $2,574,000 after buying an additional 789 shares during the period. Kingswood Wealth Advisors LLC lifted its stake in shares of Neuberger Berman Next Generation Connectivity Fund by 1.9% during the third quarter. Kingswood Wealth Advisors LLC now owns 46,290 shares of the company’s stock valued at $712,000 after acquiring an additional 856 shares during the period. Bay Colony Advisory Group Inc d b a Bay Colony Advisors boosted its holdings in Neuberger Berman Next Generation Connectivity Fund by 6.1% in the third quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 23,096 shares of the company’s stock valued at $355,000 after acquiring an additional 1,325 shares during the last quarter. Nemes Rush Group LLC acquired a new stake in Neuberger Berman Next Generation Connectivity Fund in the second quarter worth about $33,000. Finally, CWM LLC increased its position in Neuberger Berman Next Generation Connectivity Fund by 20.3% in the third quarter. CWM LLC now owns 22,252 shares of the company’s stock worth $342,000 after purchasing an additional 3,755 shares during the period.

Neuberger Berman Next Generation Connectivity Fund Stock Performance

Shares of NYSE NBXG opened at $14.34 on Monday. Neuberger Berman Next Generation Connectivity Fund Inc. has a fifty-two week low of $10.05 and a fifty-two week high of $15.65. The company’s 50 day simple moving average is $14.50 and its 200 day simple moving average is $14.78.

Neuberger Berman Next Generation Connectivity Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, January 30th. Shareholders of record on Thursday, January 15th will be issued a $0.12 dividend. This represents a c) annualized dividend and a dividend yield of 10.0%. The ex-dividend date is Thursday, January 15th.

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.