Cornerstone Wealth Management LLC Purchases 3,438 Shares of Neuberger Berman Next Generation Connectivity Fund Inc. (NYSE:NBXG)

Cornerstone Wealth Management LLC grew its position in Neuberger Berman Next Generation Connectivity Fund Inc. (NYSE:NBXG) by 3.5% during the 2nd quarter, HoldingsChannel reports. The fund owned 103,042 shares of the company’s stock after purchasing an additional 3,438 shares during the period. Cornerstone Wealth Management LLC’s holdings in Neuberger Berman Next Generation Connectivity Fund were worth $1,330,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Raymond James & Associates raised its position in 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 worth $620,000 after buying an additional 15,974 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its position in Neuberger Berman Next Generation Connectivity Fund by 45.1% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 452,588 shares of the company’s stock valued at $4,947,000 after buying an additional 140,773 shares during the last quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors acquired a new position in Neuberger Berman Next Generation Connectivity Fund in the fourth quarter valued at about $129,000. Macroview Investment Management LLC acquired a new position in Neuberger Berman Next Generation Connectivity Fund in the fourth quarter valued at about $87,000. Finally, Wolverine Asset Management LLC acquired a new stake in shares of Neuberger Berman Next Generation Connectivity Fund during the fourth quarter worth about $1,343,000.

Neuberger Berman Next Generation Connectivity Fund Stock Up 0.5 %

Shares of NBXG traded up 0.06 during mid-day trading on Thursday, hitting 12.23. 90,391 shares of the company’s stock were exchanged, compared to its average volume of 245,388. Neuberger Berman Next Generation Connectivity Fund Inc. has a fifty-two week low of 9.31 and a fifty-two week high of 13.43. The stock’s 50-day moving average is 12.54 and its 200-day moving average is 12.05.

Neuberger Berman Next Generation Connectivity Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Friday, August 30th. Stockholders of record on Thursday, August 15th will be given a dividend of $0.10 per share. The ex-dividend date is Thursday, August 15th. This represents a $1.20 annualized dividend and a dividend yield of 9.81%.

Neuberger Berman Next Generation Connectivity Fund 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.