239,325 Shares in Neuberger Berman Next Generation Connectivity Fund Inc. $NBXG Acquired by Wolverine Asset Management LLC

Wolverine Asset Management LLC bought a new position 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 Securities and Exchange Commission. The institutional investor bought 239,325 shares of the company’s stock, valued at approximately $3,456,000.

A number of other large investors have also bought and sold shares of the business. Bank of America Corp DE increased its stake in Neuberger Berman Next Generation Connectivity Fund by 71.9% during the 2nd quarter. Bank of America Corp DE now owns 946,968 shares of the company’s stock worth $13,826,000 after purchasing an additional 395,994 shares in the last quarter. City of London Investment Management Co. Ltd. grew its stake in shares of Neuberger Berman Next Generation Connectivity Fund by 297.5% during the 3rd quarter. City of London Investment Management Co. Ltd. now owns 836,518 shares of the company’s stock worth $12,866,000 after acquiring an additional 626,077 shares in the last quarter. Raymond James Financial Inc. grew its stake in shares of Neuberger Berman Next Generation Connectivity Fund by 2.0% during the 2nd quarter. Raymond James Financial Inc. now owns 766,255 shares of the company’s stock worth $11,187,000 after acquiring an additional 14,953 shares in the last quarter. Penserra Capital Management LLC grew its stake in shares of Neuberger Berman Next Generation Connectivity Fund by 13.6% during the 3rd quarter. Penserra Capital Management LLC now owns 423,731 shares of the company’s stock worth $6,516,000 after acquiring an additional 50,761 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC grew its stake in shares of Neuberger Berman Next Generation Connectivity Fund by 3.6% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 412,066 shares of the company’s stock worth $6,094,000 after acquiring an additional 14,341 shares in the last quarter.

Neuberger Berman Next Generation Connectivity Fund Stock Down 1.1%

Shares of NBXG opened at $14.84 on Tuesday. Neuberger Berman Next Generation Connectivity Fund Inc. has a twelve month low of $12.32 and a twelve month high of $15.65. The company has a 50 day moving average of $13.51 and a 200-day moving average of $14.12.

Neuberger Berman Next Generation Connectivity Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Friday, May 29th. Stockholders of record on Friday, May 15th will be paid a dividend of $0.12 per share. This represents a c) annualized dividend and a dividend yield of 9.7%. The ex-dividend date of this dividend is Friday, May 15th.

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.