UBS Group AG Sells 51,204 Shares of Neuberger Berman Next Generation Connectivity Fund Inc. $NBXG

UBS Group AG cut its position in shares of Neuberger Berman Next Generation Connectivity Fund Inc. (NYSE:NBXG) by 5.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 928,197 shares of the company’s stock after selling 51,204 shares during the period. UBS Group AG’s holdings in Neuberger Berman Next Generation Connectivity Fund were worth $13,403,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in NBXG. City of London Investment Management Co. Ltd. boosted its stake in Neuberger Berman Next Generation Connectivity Fund by 297.5% during the third quarter. City of London Investment Management Co. Ltd. now owns 836,518 shares of the company’s stock valued at $12,866,000 after buying an additional 626,077 shares during the last quarter. Bank of America Corp DE boosted its stake in Neuberger Berman Next Generation Connectivity Fund by 71.9% during the second quarter. Bank of America Corp DE now owns 946,968 shares of the company’s stock valued at $13,826,000 after buying an additional 395,994 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its stake in Neuberger Berman Next Generation Connectivity Fund by 18.2% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 397,725 shares of the company’s stock valued at $6,117,000 after buying an additional 61,230 shares during the last quarter. Penserra Capital Management LLC boosted its stake in Neuberger Berman Next Generation Connectivity Fund by 13.6% during the third quarter. Penserra Capital Management LLC now owns 423,731 shares of the company’s stock valued at $6,516,000 after buying an additional 50,761 shares during the last quarter. Finally, Two Sigma Investments LP boosted its stake in Neuberger Berman Next Generation Connectivity Fund by 30.4% during the third quarter. Two Sigma Investments LP now owns 190,016 shares of the company’s stock valued at $2,922,000 after buying an additional 44,333 shares during the last quarter.

Neuberger Berman Next Generation Connectivity Fund Price Performance

Shares of Neuberger Berman Next Generation Connectivity Fund stock opened at $15.83 on Friday. The stock has a 50 day moving average of $13.82 and a 200 day moving average of $14.15. Neuberger Berman Next Generation Connectivity Fund Inc. has a 12 month low of $12.32 and a 12 month high of $15.87.

Neuberger Berman Next Generation Connectivity Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Friday, May 29th. Stockholders of record on Friday, May 15th will be paid a $0.12 dividend. This represents a c) annualized dividend and a dividend yield of 9.1%. The ex-dividend date of this dividend is Friday, May 15th.

About Neuberger Berman Next Generation Connectivity Fund

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.