Raymond James Financial Inc. Buys Shares of 719,752 Neuberger Berman Next Generation Connectivity Fund Inc. (NYSE:NBXG)

Raymond James Financial Inc. bought a new stake in shares of Neuberger Berman Next Generation Connectivity Fund Inc. (NYSE:NBXG) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund bought 719,752 shares of the company’s stock, valued at approximately $9,170,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of NBXG. Flagship Harbor Advisors LLC boosted its stake in Neuberger Berman Next Generation Connectivity Fund by 9.4% during the 4th quarter. Flagship Harbor Advisors LLC now owns 27,115 shares of the company’s stock valued at $345,000 after purchasing an additional 2,333 shares during the period. World Investment Advisors LLC acquired a new position in Neuberger Berman Next Generation Connectivity Fund during the 3rd quarter valued at about $366,000. Kavar Capital Partners Group LLC acquired a new position in Neuberger Berman Next Generation Connectivity Fund during the 4th quarter valued at about $403,000. AlphaStar Capital Management LLC boosted its stake in Neuberger Berman Next Generation Connectivity Fund by 13.5% during the 4th quarter. AlphaStar Capital Management LLC now owns 35,925 shares of the company’s stock valued at $458,000 after purchasing an additional 4,272 shares during the period. Finally, Kingswood Wealth Advisors LLC acquired a new position in Neuberger Berman Next Generation Connectivity Fund during the 4th quarter valued at about $463,000.

Neuberger Berman Next Generation Connectivity Fund Stock Up 0.3 %

Shares of NYSE:NBXG opened at $12.52 on Friday. The company has a 50 day moving average of $13.14 and a 200-day moving average of $12.96. Neuberger Berman Next Generation Connectivity Fund Inc. has a twelve month low of $10.70 and a twelve month high of $13.86.

Neuberger Berman Next Generation Connectivity Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 17th will be paid a $0.10 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 9.58%. The ex-dividend date of this dividend is Monday, March 17th.

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.