Thomas J. Herzfeld Advisors Inc. Sells 1,356 Shares of Neuberger Berman Next Generation Connectivity Fund Inc. (NYSE:NBXG)

Thomas J. Herzfeld Advisors Inc. reduced its holdings in Neuberger Berman Next Generation Connectivity Fund Inc. (NYSE:NBXG) by 0.4% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 359,056 shares of the company’s stock after selling 1,356 shares during the quarter. Neuberger Berman Next Generation Connectivity Fund makes up about 1.5% of Thomas J. Herzfeld Advisors Inc.’s portfolio, making the stock its 21st largest holding. Thomas J. Herzfeld Advisors Inc.’s holdings in Neuberger Berman Next Generation Connectivity Fund were worth $4,574,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the stock. Harbour Investments Inc. raised its position in Neuberger Berman Next Generation Connectivity Fund by 8.2% in the 4th quarter. Harbour Investments Inc. now owns 11,570 shares of the company’s stock valued at $147,000 after buying an additional 875 shares during the last quarter. Commonwealth Equity Services LLC boosted its holdings in Neuberger Berman Next Generation Connectivity Fund by 5.5% in the 4th quarter. Commonwealth Equity Services LLC now owns 23,319 shares of the company’s stock valued at $297,000 after purchasing an additional 1,225 shares during the period. Stifel Financial Corp increased its position in shares of Neuberger Berman Next Generation Connectivity Fund by 1.0% in the third quarter. Stifel Financial Corp now owns 131,751 shares of the company’s stock worth $1,690,000 after purchasing an additional 1,249 shares during the last quarter. LPL Financial LLC lifted its stake in Neuberger Berman Next Generation Connectivity Fund by 3.4% during the fourth quarter. LPL Financial LLC now owns 70,306 shares of the company’s stock worth $896,000 after purchasing an additional 2,300 shares during the last quarter. Finally, Flagship Harbor Advisors LLC lifted its holdings in shares of Neuberger Berman Next Generation Connectivity Fund by 9.4% in the 4th quarter. Flagship Harbor Advisors LLC now owns 27,115 shares of the company’s stock worth $345,000 after acquiring an additional 2,333 shares during the last quarter.

Neuberger Berman Next Generation Connectivity Fund Stock Performance

NBXG stock opened at $12.30 on Tuesday. The firm’s 50-day moving average price is $13.08 and its two-hundred day moving average price is $13.00. Neuberger Berman Next Generation Connectivity Fund Inc. has a 12-month low of $10.70 and a 12-month high of $13.86.

Neuberger Berman Next Generation Connectivity Fund Dividend Announcement

The firm also recently announced a monthly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 17th were paid a dividend of $0.10 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 9.76%. The ex-dividend date was Monday, March 17th.

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.