Concorde Asset Management LLC Buys 4,320 Shares of Neuberger Berman Next Generation Connectivity Fund Inc. (NYSE:NBXG)

Concorde Asset Management LLC boosted its stake in shares of Neuberger Berman Next Generation Connectivity Fund Inc. (NYSE:NBXG) by 10.7% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 44,550 shares of the company’s stock after purchasing an additional 4,320 shares during the period. Concorde Asset Management LLC’s holdings in Neuberger Berman Next Generation Connectivity Fund were worth $572,000 as of its most recent filing with the SEC.

Several other institutional investors also recently added to or reduced their stakes in NBXG. Alpine Global Management LLC grew its position in Neuberger Berman Next Generation Connectivity Fund by 14.1% during the first quarter. Alpine Global Management LLC now owns 150,000 shares of the company’s stock valued at $1,762,000 after buying an additional 18,560 shares during the period. Prudent Investors Network Inc. bought a new position in Neuberger Berman Next Generation Connectivity Fund during the first quarter worth about $146,000. Comerica Bank boosted its position in Neuberger Berman Next Generation Connectivity Fund by 26.3% during the first quarter. Comerica Bank now owns 15,057 shares of the company’s stock worth $177,000 after purchasing an additional 3,132 shares during the period. Wealth Enhancement Advisory Services LLC boosted its position in Neuberger Berman Next Generation Connectivity Fund by 161.7% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 114,451 shares of the company’s stock worth $1,478,000 after purchasing an additional 70,710 shares during the period. Finally, Cornerstone Wealth Management LLC boosted its position in Neuberger Berman Next Generation Connectivity Fund by 3.5% during the second quarter. Cornerstone Wealth Management LLC now owns 103,042 shares of the company’s stock worth $1,330,000 after purchasing an additional 3,438 shares during the period.

Neuberger Berman Next Generation Connectivity Fund Price Performance

Shares of Neuberger Berman Next Generation Connectivity Fund stock opened at 13.15 on Friday. Neuberger Berman Next Generation Connectivity Fund Inc. has a 12-month low of 10.48 and a 12-month high of 13.43. The company’s 50-day moving average price is 12.85 and its 200-day moving average price is 12.52.

Neuberger Berman Next Generation Connectivity Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Friday, November 29th. Stockholders of record on Friday, November 15th will be issued a $0.10 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 9.13%. The ex-dividend date is Friday, November 15th.

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.