Wedbush Securities Inc. Boosts Stock Holdings in Neuberger Berman Next Generation Connectivity Fund Inc. (NYSE:NBXG)

Wedbush Securities Inc. lifted its stake in Neuberger Berman Next Generation Connectivity Fund Inc. (NYSE:NBXG) by 32.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 14,028 shares of the company’s stock after purchasing an additional 3,409 shares during the period. Wedbush Securities Inc.’s holdings in Neuberger Berman Next Generation Connectivity Fund were worth $179,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of NBXG. Stifel Financial Corp raised its position in Neuberger Berman Next Generation Connectivity Fund by 1.0% in the 3rd quarter. Stifel Financial Corp now owns 131,751 shares of the company’s stock valued at $1,690,000 after purchasing an additional 1,249 shares in the last quarter. Sanctuary Advisors LLC increased its stake in shares of Neuberger Berman Next Generation Connectivity Fund by 5.6% during the fourth quarter. Sanctuary Advisors LLC now owns 84,763 shares of the company’s stock worth $1,144,000 after buying an additional 4,476 shares during the period. Raymond James Financial Inc. acquired a new stake in Neuberger Berman Next Generation Connectivity Fund in the fourth quarter valued at approximately $9,170,000. HighTower Advisors LLC purchased a new position in Neuberger Berman Next Generation Connectivity Fund in the fourth quarter worth approximately $681,000. Finally, Commonwealth Equity Services LLC grew its holdings in Neuberger Berman Next Generation Connectivity Fund by 5.5% during the 4th quarter. Commonwealth Equity Services LLC now owns 23,319 shares of the company’s stock worth $297,000 after acquiring an additional 1,225 shares in the last quarter.

Neuberger Berman Next Generation Connectivity Fund Price Performance

Shares of NYSE:NBXG opened at $11.56 on Friday. The company’s 50 day moving average is $12.70 and its two-hundred day moving average is $12.93. Neuberger Berman Next Generation Connectivity Fund Inc. has a 52 week low of $10.05 and a 52 week high of $13.86.

Neuberger Berman Next Generation Connectivity Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Tuesday, April 15th will be paid a $0.10 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 10.38%. The ex-dividend date of this dividend is Tuesday, April 15th.

Neuberger Berman Next Generation Connectivity Fund Company 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.