Advisors Asset Management Inc. Sells 115,536 Shares of Neuberger Berman Next Generation Connectivity Fund Inc. (NYSE:NBXG)

Advisors Asset Management Inc. trimmed its stake in Neuberger Berman Next Generation Connectivity Fund Inc. (NYSE:NBXG) by 32.4% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 241,001 shares of the company’s stock after selling 115,536 shares during the period. Advisors Asset Management Inc.’s holdings in Neuberger Berman Next Generation Connectivity Fund were worth $2,832,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of NBXG. Raymond James & Associates raised its position in shares of Neuberger Berman Next Generation Connectivity Fund by 39.2% during the 4th quarter. Raymond James & Associates now owns 56,693 shares of the company’s stock valued at $620,000 after buying an additional 15,974 shares in the last quarter. Raymond James Financial Services Advisors Inc. lifted its stake 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 purchasing an additional 68,865 shares during the last quarter. Global Retirement Partners LLC purchased a new position in shares of Neuberger Berman Next Generation Connectivity Fund in the 4th quarter worth about $33,000. Claro Advisors LLC grew its position 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 valued at $566,000 after acquiring an additional 25,486 shares during the last quarter. Finally, Blue Bell Private Wealth Management LLC raised its position in Neuberger Berman Next Generation Connectivity Fund by 45.2% in the 4th quarter. Blue Bell Private Wealth Management LLC now owns 82,194 shares of the company’s stock worth $898,000 after purchasing an additional 25,573 shares during the period.

Neuberger Berman Next Generation Connectivity Fund Trading Down 0.1 %

Shares of NYSE NBXG traded down 0.01 during midday trading on Friday, reaching 12.11. The company had a trading volume of 133,100 shares, compared to its average volume of 248,108. The firm’s fifty day moving average price is 12.63 and its 200-day moving average price is 11.99. Neuberger Berman Next Generation Connectivity Fund Inc. has a one year low of 9.31 and a one year high of 13.43.

Neuberger Berman Next Generation Connectivity Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Monday, July 15th will be paid a dividend of $0.10 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 9.91%. The ex-dividend date of this dividend is Monday, July 15th.

About Neuberger Berman Next Generation Connectivity Fund

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.