Allspring Global Investments Holdings LLC Decreases Holdings in Neuberger Berman Next Generation Connectivity Fund Inc. (NYSE:NBXG)

Allspring Global Investments Holdings LLC reduced its position in Neuberger Berman Next Generation Connectivity Fund Inc. (NYSE:NBXG) by 40.2% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 178,679 shares of the company’s stock after selling 120,123 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Neuberger Berman Next Generation Connectivity Fund were worth $2,292,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of NBXG. Whittier Trust Co. bought a new position in Neuberger Berman Next Generation Connectivity Fund in the first quarter valued at about $118,000. Carolinas Wealth Consulting LLC purchased a new position in shares of Neuberger Berman Next Generation Connectivity Fund in the second quarter worth approximately $133,000. Wealthspire Advisors LLC bought a new stake in Neuberger Berman Next Generation Connectivity Fund during the second quarter valued at approximately $155,000. Prudent Investors Network Inc. purchased a new stake in Neuberger Berman Next Generation Connectivity Fund during the first quarter valued at approximately $146,000. Finally, Hartline Investment Corp bought a new position in Neuberger Berman Next Generation Connectivity Fund in the first quarter worth approximately $155,000.

Neuberger Berman Next Generation Connectivity Fund Trading Up 0.5 %

Shares of Neuberger Berman Next Generation Connectivity Fund stock opened at 12.83 on Wednesday. Neuberger Berman Next Generation Connectivity Fund Inc. has a 1-year low of 9.34 and a 1-year high of 13.43. The company’s fifty day simple moving average is 12.55 and its 200-day simple moving average is 12.36.

Neuberger Berman Next Generation Connectivity Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Tuesday, October 15th will be issued a dividend of $0.10 per share. This represents a $1.20 annualized dividend and a yield of 9.35%. The ex-dividend date 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.