Quantedge Capital Pte Ltd Purchases 86,700 Shares of Neuberger Berman Next Generation Connectivity Fund Inc. $NBXG

Quantedge Capital Pte Ltd raised its position in Neuberger Berman Next Generation Connectivity Fund Inc. (NYSE:NBXG) by 81.1% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 193,662 shares of the company’s stock after buying an additional 86,700 shares during the period. Neuberger Berman Next Generation Connectivity Fund accounts for about 1.4% of Quantedge Capital Pte Ltd’s investment portfolio, making the stock its 17th biggest position. Quantedge Capital Pte Ltd’s holdings in Neuberger Berman Next Generation Connectivity Fund were worth $2,492,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. Morgan Stanley increased its holdings in shares of Neuberger Berman Next Generation Connectivity Fund by 10.2% during the fourth quarter. Morgan Stanley now owns 6,265,820 shares of the company’s stock worth $90,478,000 after buying an additional 577,847 shares in the last quarter. Bank of America Corp DE raised its stake in shares of Neuberger Berman Next Generation Connectivity Fund by 71.9% in the second quarter. Bank of America Corp DE now owns 946,968 shares of the company’s stock valued at $13,826,000 after acquiring an additional 395,994 shares during the last quarter. Wolverine Asset Management LLC acquired a new position in shares of Neuberger Berman Next Generation Connectivity Fund in the 4th quarter worth approximately $3,456,000. Altium Capital Management LLC acquired a new position in shares of Neuberger Berman Next Generation Connectivity Fund in the 4th quarter worth approximately $2,453,000. Finally, Evolve Private Wealth LLC bought a new stake in Neuberger Berman Next Generation Connectivity Fund during the 4th quarter worth approximately $1,597,000.

Neuberger Berman Next Generation Connectivity Fund Stock Up 2.9%

NBXG stock opened at $15.46 on Wednesday. The business has a fifty day moving average price of $16.04 and a 200 day moving average price of $14.63. Neuberger Berman Next Generation Connectivity Fund Inc. has a fifty-two week low of $12.32 and a fifty-two week high of $17.43.

Neuberger Berman Next Generation Connectivity Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Friday, July 31st. Shareholders of record on Wednesday, July 15th will be paid a $0.12 dividend. The ex-dividend date of this dividend is Wednesday, July 15th. This represents a c) dividend on an annualized basis and a yield of 9.3%.

Neuberger Berman Next Generation Connectivity Fund Profile

The Neuberger Berman Next Generation Connectivity Fund (NYSE:NBXG) is an actively managed, closed-end fund dedicated to investing in companies driving the evolution of global connectivity infrastructure. Launched in February 2024 by Neuberger Berman, NBXG seeks total return by building a diversified portfolio of equity and equity-related securities in firms involved in 5G networks, fiber-optic systems, satellite communications, data centers, cloud computing, and other emerging technologies that support faster and more reliable digital connections.

Under its investment strategy, NBXG allocates capital across hardware and software providers, telecommunications carriers, semiconductor manufacturers, and equipment suppliers that benefit from the rollout and expansion of next-generation networks.