Neuberger Berman Next Generation Connectivity Fund Inc. (NYSE:NBXG) Shares Sold by Claro Advisors LLC

Claro Advisors LLC decreased its position in Neuberger Berman Next Generation Connectivity Fund Inc. (NYSE:NBXG) by 77.3% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 15,943 shares of the company’s stock after selling 54,236 shares during the quarter. Claro Advisors LLC’s holdings in Neuberger Berman Next Generation Connectivity Fund were worth $205,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in the company. Karpus Management Inc. raised its stake in Neuberger Berman Next Generation Connectivity Fund by 9.1% in the 1st quarter. Karpus Management Inc. now owns 4,177,887 shares of the company’s stock valued at $49,090,000 after purchasing an additional 349,731 shares during the last quarter. Alpine Global Management LLC grew its holdings in Neuberger Berman Next Generation Connectivity Fund by 14.1% in the 1st quarter. Alpine Global Management LLC now owns 150,000 shares of the company’s stock valued at $1,762,000 after buying an additional 18,560 shares during the period. Blue Bell Private Wealth Management LLC grew its holdings in Neuberger Berman Next Generation Connectivity Fund by 16.5% in the 2nd quarter. Blue Bell Private Wealth Management LLC now owns 122,462 shares of the company’s stock valued at $1,581,000 after buying an additional 17,348 shares during the period. Wealth Enhancement Advisory Services LLC grew its holdings in Neuberger Berman Next Generation Connectivity Fund by 161.7% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 114,451 shares of the company’s stock valued at $1,478,000 after buying an additional 70,710 shares during the period. Finally, Cornerstone Wealth Management LLC grew its holdings in Neuberger Berman Next Generation Connectivity Fund by 3.5% in the 2nd quarter. Cornerstone Wealth Management LLC now owns 103,042 shares of the company’s stock valued at $1,330,000 after buying an additional 3,438 shares during the period.

Neuberger Berman Next Generation Connectivity Fund Trading Up 0.2 %

Shares of NYSE:NBXG opened at 12.88 on Monday. Neuberger Berman Next Generation Connectivity Fund Inc. has a 1 year low of 9.31 and a 1 year high of 13.43. The stock has a 50-day simple moving average of 12.46 and a 200-day simple moving average of 12.31.

Neuberger Berman Next Generation Connectivity Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Tuesday, October 15th will be issued a dividend of $0.10 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 9.32%. The ex-dividend date of this dividend is Tuesday, October 15th.

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.