Advisors Asset Management Inc. Sells 7,548 Shares of Neuberger Berman Next Generation Connectivity Fund Inc. (NYSE:NBXG)

Advisors Asset Management Inc. lessened its holdings in Neuberger Berman Next Generation Connectivity Fund Inc. (NYSE:NBXG) by 3.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 186,542 shares of the company’s stock after selling 7,548 shares during the quarter. Advisors Asset Management Inc.’s holdings in Neuberger Berman Next Generation Connectivity Fund were worth $2,377,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of NBXG. Harbour Investments Inc. boosted its position in shares of Neuberger Berman Next Generation Connectivity Fund by 8.2% in the fourth quarter. Harbour Investments Inc. now owns 11,570 shares of the company’s stock valued at $147,000 after acquiring an additional 875 shares during the period. Commonwealth Equity Services LLC lifted its position in Neuberger Berman Next Generation Connectivity Fund by 5.5% during the fourth quarter. Commonwealth Equity Services LLC now owns 23,319 shares of the company’s stock worth $297,000 after purchasing an additional 1,225 shares during the period. Flagship Harbor Advisors LLC lifted its position in Neuberger Berman Next Generation Connectivity Fund by 9.4% during the fourth quarter. Flagship Harbor Advisors LLC now owns 27,115 shares of the company’s stock worth $345,000 after purchasing an additional 2,333 shares during the period. World Investment Advisors LLC bought a new stake in Neuberger Berman Next Generation Connectivity Fund during the third quarter worth about $366,000. Finally, Kavar Capital Partners Group LLC bought a new stake in Neuberger Berman Next Generation Connectivity Fund during the fourth quarter worth about $403,000.

Neuberger Berman Next Generation Connectivity Fund Stock Up 0.3 %

NBXG opened at $12.52 on Friday. Neuberger Berman Next Generation Connectivity Fund Inc. has a twelve month low of $10.70 and a twelve month high of $13.86. The company has a 50-day simple moving average of $13.14 and a 200 day simple moving average of $12.96.

Neuberger Berman Next Generation Connectivity Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 17th will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Monday, March 17th. This represents a $1.20 annualized dividend and a yield of 9.58%.

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.