Neuberger Berman Next Generation Connectivity Fund Inc. (NYSE:NBXG) Shares Purchased by City of London Investment Management Co. Ltd.

City of London Investment Management Co. Ltd. raised its position in Neuberger Berman Next Generation Connectivity Fund Inc. (NYSE:NBXG – Get Rating) by 3.0% during the 4th quarter, Holdings Channel reports. The firm owned 4,376,618 shares of the company’s stock after acquiring an additional 126,703 shares during the quarter. Neuberger Berman Next Generation Connectivity Fund comprises about 3.2% of City of London Investment Management Co. Ltd.’s holdings, making the stock its 11th biggest position. City of London Investment Management Co. Ltd.’s holdings in Neuberger Berman Next Generation Connectivity Fund were worth $39,805,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Captrust Financial Advisors acquired a new stake in shares of Neuberger Berman Next Generation Connectivity Fund in the second quarter valued at about $135,000. Kestra Private Wealth Services LLC lifted its holdings in shares of Neuberger Berman Next Generation Connectivity Fund by 12.1% during the first quarter. Kestra Private Wealth Services LLC now owns 11,398 shares of the company’s stock valued at $159,000 after purchasing an additional 1,231 shares during the last quarter. Kore Private Wealth LLC acquired a new position in Neuberger Berman Next Generation Connectivity Fund during the second quarter valued at $159,000. Eudaimonia Partners LLC raised its position in Neuberger Berman Next Generation Connectivity Fund by 36.9% during the fourth quarter. Eudaimonia Partners LLC now owns 17,956 shares of the company’s stock valued at $163,000 after buying an additional 4,837 shares during the period. Finally, Raymond James & Associates acquired a new position in Neuberger Berman Next Generation Connectivity Fund during the third quarter valued at $168,000.

Neuberger Berman Next Generation Connectivity Fund Stock Performance

NBXG stock traded up 0.27 during mid-day trading on Friday, hitting 10.20. The stock had a trading volume of 250,287 shares, compared to its average volume of 238,737. Neuberger Berman Next Generation Connectivity Fund Inc. has a 1-year low of 7.70 and a 1-year high of 11.77. The company has a fifty day moving average of 9.88 and a 200 day moving average of 9.80.

Neuberger Berman Next Generation Connectivity Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Wednesday, May 31st. Investors of record on Monday, May 15th will be issued a dividend of $0.10 per share. The ex-dividend date of this dividend is Friday, May 12th. This represents a $1.20 dividend on an annualized basis and a yield of 11.76%.

Neuberger Berman Next Generation Connectivity Fund Company Profile

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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.