Dakota Wealth Management Has $1.05 Million Holdings in Neuberger Berman Next Generation Connectivity Fund Inc. (NYSE:NBXG)

Dakota Wealth Management reduced its stake in shares of Neuberger Berman Next Generation Connectivity Fund Inc. (NYSE:NBXG) by 4.9% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 82,396 shares of the company’s stock after selling 4,227 shares during the quarter. Dakota Wealth Management’s holdings in Neuberger Berman Next Generation Connectivity Fund were worth $1,050,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in NBXG. Bay Colony Advisory Group Inc d b a Bay Colony Advisors raised its stake in shares of Neuberger Berman Next Generation Connectivity Fund by 15.4% in the 3rd quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 20,194 shares of the company’s stock valued at $259,000 after acquiring an additional 2,698 shares in the last quarter. Shaker Financial Services LLC bought a new position in shares of Neuberger Berman Next Generation Connectivity Fund in the third quarter valued at approximately $326,000. World Investment Advisors LLC acquired a new stake in shares of Neuberger Berman Next Generation Connectivity Fund in the third quarter worth $366,000. Truist Financial Corp bought a new stake in shares of Neuberger Berman Next Generation Connectivity Fund during the 2nd quarter worth $384,000. Finally, Concorde Asset Management LLC grew its stake in Neuberger Berman Next Generation Connectivity Fund by 10.7% in the 3rd quarter. Concorde Asset Management LLC now owns 44,550 shares of the company’s stock valued at $572,000 after buying an additional 4,320 shares during the last quarter.

Neuberger Berman Next Generation Connectivity Fund Stock Performance

NBXG stock opened at $13.67 on Friday. Neuberger Berman Next Generation Connectivity Fund Inc. has a 52-week low of $10.70 and a 52-week high of $13.75. The company has a 50-day moving average of $13.11 and a two-hundred day moving average of $12.74.

Neuberger Berman Next Generation Connectivity Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, January 31st. Investors of record on Wednesday, January 15th will be paid a dividend of $0.10 per share. The ex-dividend date of this dividend is Wednesday, January 15th. This represents a $1.20 annualized dividend and a yield of 8.78%.

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.