Neuberger Berman Next Generation Connectivity Fund Inc. (NYSE:NBXG) Shares Purchased by Blue Bell Private Wealth Management LLC

Blue Bell Private Wealth Management LLC grew its stake in shares of Neuberger Berman Next Generation Connectivity Fund Inc. (NYSE:NBXG) by 16.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 122,462 shares of the company’s stock after acquiring an additional 17,348 shares during the period. Blue Bell Private Wealth Management LLC’s holdings in Neuberger Berman Next Generation Connectivity Fund were worth $1,581,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Karpus Management Inc. grew its stake in Neuberger Berman Next Generation Connectivity Fund by 9.1% in the first quarter. Karpus Management Inc. now owns 4,177,887 shares of the company’s stock worth $49,090,000 after purchasing an additional 349,731 shares in the last quarter. City of London Investment Management Co. Ltd. raised its position in shares of Neuberger Berman Next Generation Connectivity Fund by 6.0% during the 4th quarter. City of London Investment Management Co. Ltd. now owns 3,988,516 shares of the company’s stock valued at $43,594,000 after acquiring an additional 227,011 shares in the last quarter. Cornerstone Advisors LLC raised its position in shares of Neuberger Berman Next Generation Connectivity Fund by 3.9% during the 4th quarter. Cornerstone Advisors LLC now owns 1,117,917 shares of the company’s stock valued at $12,219,000 after acquiring an additional 42,268 shares in the last quarter. 1607 Capital Partners LLC lifted its stake in Neuberger Berman Next Generation Connectivity Fund by 11.4% during the fourth quarter. 1607 Capital Partners LLC now owns 1,081,969 shares of the company’s stock worth $11,826,000 after purchasing an additional 110,446 shares during the last quarter. Finally, Wells Fargo & Company MN increased its stake in Neuberger Berman Next Generation Connectivity Fund by 1.4% during the fourth quarter. Wells Fargo & Company MN now owns 1,025,482 shares of the company’s stock valued at $11,209,000 after purchasing an additional 14,368 shares during the last quarter.

Neuberger Berman Next Generation Connectivity Fund Stock Performance

Neuberger Berman Next Generation Connectivity Fund stock opened at 12.01 on Friday. Neuberger Berman Next Generation Connectivity Fund Inc. has a 1 year low of 9.31 and a 1 year high of 13.43. The firm’s 50-day moving average is 12.40 and its 200-day moving average is 12.12.

Neuberger Berman Next Generation Connectivity Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, September 30th. Shareholders of record on Monday, September 16th will be issued a $0.10 dividend. The ex-dividend date is Monday, September 16th. This represents a $1.20 dividend on an annualized basis and a yield of 9.99%.

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.