HighTower Advisors LLC Invests $681,000 in Neuberger Berman Next Generation Connectivity Fund Inc. (NYSE:NBXG)

HighTower Advisors LLC purchased a new stake in Neuberger Berman Next Generation Connectivity Fund Inc. (NYSE:NBXG) in the fourth quarter, Holdings Channel.com reports. The firm purchased 53,428 shares of the company’s stock, valued at approximately $681,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Flagship Harbor Advisors LLC lifted its stake in shares of Neuberger Berman Next Generation Connectivity Fund by 9.4% during the fourth quarter. Flagship Harbor Advisors LLC now owns 27,115 shares of the company’s stock valued at $345,000 after acquiring an additional 2,333 shares during the period. World Investment Advisors LLC bought a new stake in Neuberger Berman Next Generation Connectivity Fund during the 3rd quarter worth 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 shares of Neuberger Berman Next Generation Connectivity Fund by 13.5% in 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 last quarter. Finally, Kingswood Wealth Advisors LLC acquired a new stake in shares of Neuberger Berman Next Generation Connectivity Fund during the 4th quarter worth approximately $463,000.

Neuberger Berman Next Generation Connectivity Fund Stock Performance

Shares of NYSE NBXG opened at $12.37 on Friday. The company’s 50 day simple moving average is $13.10 and its 200 day simple moving average is $12.98. Neuberger Berman Next Generation Connectivity Fund Inc. has a fifty-two week low of $10.70 and a fifty-two week high of $13.86.

Neuberger Berman Next Generation Connectivity Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 17th will be paid a dividend of $0.10 per share. The ex-dividend date is Monday, March 17th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 9.70%.

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.