Cornerstone Wealth Management LLC Boosts Holdings in Neuberger Berman Next Generation Connectivity Fund Inc. (NYSE:NBXG)

Cornerstone Wealth Management LLC increased its holdings in shares of Neuberger Berman Next Generation Connectivity Fund Inc. (NYSE:NBXG) by 7.5% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 99,604 shares of the company’s stock after buying an additional 6,991 shares during the period. Cornerstone Wealth Management LLC’s holdings in Neuberger Berman Next Generation Connectivity Fund were worth $1,170,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in the business. Global Retirement Partners LLC purchased a new stake in shares of Neuberger Berman Next Generation Connectivity Fund during the fourth quarter worth $33,000. Macroview Investment Management LLC purchased a new stake in Neuberger Berman Next Generation Connectivity Fund during the 4th quarter worth about $87,000. Bay Colony Advisory Group Inc d b a Bay Colony Advisors acquired a new stake in Neuberger Berman Next Generation Connectivity Fund in the 4th quarter valued at about $129,000. Cape Investment Advisory Inc. acquired a new stake in Neuberger Berman Next Generation Connectivity Fund in the 4th quarter valued at about $218,000. Finally, AlphaStar Capital Management LLC boosted its stake in shares of Neuberger Berman Next Generation Connectivity Fund by 149.7% in the 4th quarter. AlphaStar Capital Management LLC now owns 27,337 shares of the company’s stock valued at $299,000 after buying an additional 16,391 shares during the period.

Neuberger Berman Next Generation Connectivity Fund Stock Performance

NBXG stock opened at 13.02 on Friday. The company’s 50 day moving average price is 12.31 and its 200 day moving average price is 11.78. Neuberger Berman Next Generation Connectivity Fund Inc. has a fifty-two week low of 9.31 and a fifty-two week high of 13.08.

Neuberger Berman Next Generation Connectivity Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, July 31st. Shareholders of record on Monday, July 15th will be given a $0.10 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 9.22%. The ex-dividend date 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.