Sit Investment Associates Inc. Has $14.71 Million Stock Position in Neuberger Berman Next Generation Connectivity Fund Inc. $NBXG

Sit Investment Associates Inc. reduced its position in Neuberger Berman Next Generation Connectivity Fund Inc. (NYSE:NBXG) by 28.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,018,961 shares of the company’s stock after selling 405,020 shares during the period. Sit Investment Associates Inc.’s holdings in Neuberger Berman Next Generation Connectivity Fund were worth $14,714,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Altium Capital Management LLC purchased a new stake in Neuberger Berman Next Generation Connectivity Fund in the 4th quarter worth about $2,453,000. Wolverine Asset Management LLC acquired a new position in Neuberger Berman Next Generation Connectivity Fund in the 4th quarter valued at approximately $3,456,000. Compound Planning Inc. acquired a new stake in shares of Neuberger Berman Next Generation Connectivity Fund during the 3rd quarter valued at $648,000. Blue Bell Private Wealth Management LLC raised its holdings in shares of Neuberger Berman Next Generation Connectivity Fund by 13.6% during the fourth quarter. Blue Bell Private Wealth Management LLC now owns 360,641 shares of the company’s stock worth $5,208,000 after acquiring an additional 43,271 shares in the last quarter. Finally, City of London Investment Management Co. Ltd. boosted its position 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 purchasing an additional 626,077 shares during the last quarter.

Neuberger Berman Next Generation Connectivity Fund Price Performance

NBXG stock opened at $15.93 on Friday. Neuberger Berman Next Generation Connectivity Fund Inc. has a 12 month low of $12.32 and a 12 month high of $16.94. The firm has a 50 day moving average of $15.01 and a two-hundred day moving average of $14.33.

Neuberger Berman Next Generation Connectivity Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be paid a $0.12 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 9.0%. The ex-dividend date of this dividend is Monday, June 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.