Kingswood Wealth Advisors LLC Purchases 7,488 Shares of Neuberger Berman Next Generation Connectivity Fund Inc. $NBXG

Kingswood Wealth Advisors LLC grew its position in shares of Neuberger Berman Next Generation Connectivity Fund Inc. (NYSE:NBXG) by 19.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 45,434 shares of the company’s stock after purchasing an additional 7,488 shares during the period. Kingswood Wealth Advisors LLC’s holdings in Neuberger Berman Next Generation Connectivity Fund were worth $663,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Geneos Wealth Management Inc. bought a new stake in Neuberger Berman Next Generation Connectivity Fund during the first quarter worth about $57,000. CWM LLC lifted its stake in Neuberger Berman Next Generation Connectivity Fund by 3,621.7% during the first quarter. CWM LLC now owns 18,497 shares of the company’s stock worth $227,000 after purchasing an additional 18,000 shares during the last quarter. Flagship Harbor Advisors LLC lifted its stake in Neuberger Berman Next Generation Connectivity Fund by 17.1% during the first quarter. Flagship Harbor Advisors LLC now owns 31,762 shares of the company’s stock worth $389,000 after purchasing an additional 4,647 shares during the last quarter. Polar Asset Management Partners Inc. bought a new stake in shares of Neuberger Berman Next Generation Connectivity Fund in the 1st quarter valued at about $455,000. Finally, Concorde Asset Management LLC lifted its stake in shares of Neuberger Berman Next Generation Connectivity Fund by 8.7% in the 1st quarter. Concorde Asset Management LLC now owns 51,720 shares of the company’s stock valued at $621,000 after acquiring an additional 4,120 shares during the last quarter.

Neuberger Berman Next Generation Connectivity Fund Price Performance

NYSE NBXG opened at $15.47 on Friday. Neuberger Berman Next Generation Connectivity Fund Inc. has a 1-year low of $10.05 and a 1-year high of $15.65. The stock has a 50-day moving average of $15.00 and a 200-day moving average of $13.84.

Neuberger Berman Next Generation Connectivity Fund Increases Dividend

The business also recently announced a monthly dividend, which will be paid on Friday, October 31st. Stockholders of record on Wednesday, October 15th will be paid a $0.12 dividend. This is a boost from Neuberger Berman Next Generation Connectivity Fund’s previous monthly dividend of $0.10. The ex-dividend date of this dividend is Wednesday, October 15th. This represents a c) dividend on an annualized basis and a dividend yield of 9.3%.

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.