Sit Investment Associates Inc. Boosts Holdings in Neuberger Berman Next Generation Connectivity Fund Inc. (NYSE:NBXG)

Sit Investment Associates Inc. raised its holdings in Neuberger Berman Next Generation Connectivity Fund Inc. (NYSE:NBXG) by 8.8% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,471,957 shares of the company’s stock after purchasing an additional 119,445 shares during the quarter. Sit Investment Associates Inc.’s holdings in Neuberger Berman Next Generation Connectivity Fund were worth $18,031,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the business. Capstone Investment Advisors LLC purchased a new stake in shares of Neuberger Berman Next Generation Connectivity Fund during the 4th quarter worth about $5,959,000. Bulldog Investors LLP raised its position in shares of Neuberger Berman Next Generation Connectivity Fund by 76.7% during the 4th quarter. Bulldog Investors LLP now owns 591,231 shares of the company’s stock worth $7,533,000 after purchasing an additional 256,658 shares during the last quarter. Saba Capital Management L.P. raised its position in shares of Neuberger Berman Next Generation Connectivity Fund by 3.5% during the 4th quarter. Saba Capital Management L.P. now owns 6,853,330 shares of the company’s stock worth $87,311,000 after purchasing an additional 234,671 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its position in shares of Neuberger Berman Next Generation Connectivity Fund by 62.1% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 260,177 shares of the company’s stock worth $3,315,000 after purchasing an additional 99,721 shares during the last quarter. Finally, SOA Wealth Advisors LLC. acquired a new position in shares of Neuberger Berman Next Generation Connectivity Fund during the 1st quarter worth about $753,000.

Neuberger Berman Next Generation Connectivity Fund Stock Performance

NBXG opened at $14.90 on Thursday. Neuberger Berman Next Generation Connectivity Fund Inc. has a twelve month low of $10.05 and a twelve month high of $15.02. The company has a 50-day moving average price of $14.39 and a 200 day moving average price of $13.28.

Neuberger Berman Next Generation Connectivity Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, August 29th. Shareholders of record on Friday, August 15th will be issued a $0.10 dividend. The ex-dividend date is Friday, August 15th. This represents a c) dividend on an annualized basis and a yield of 8.1%.

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.