Raymond James & Associates Has $424,000 Stock Holdings in Neuberger Berman Next Generation Connectivity Fund Inc. (NYSE:NBXG)

Raymond James & Associates raised its position in shares of Neuberger Berman Next Generation Connectivity Fund Inc. (NYSE:NBXGFree Report) by 32.6% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 40,719 shares of the company’s stock after acquiring an additional 10,018 shares during the period. Raymond James & Associates’ holdings in Neuberger Berman Next Generation Connectivity Fund were worth $424,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Cornerstone Advisors LLC grew its holdings in Neuberger Berman Next Generation Connectivity Fund by 7.7% during the 2nd quarter. Cornerstone Advisors LLC now owns 1,302,466 shares of the company’s stock worth $14,210,000 after acquiring an additional 92,683 shares during the last quarter. Oppenheimer & Co. Inc. lifted its holdings in Neuberger Berman Next Generation Connectivity Fund by 14.7% during the 2nd quarter. Oppenheimer & Co. Inc. now owns 62,196 shares of the company’s stock worth $679,000 after buying an additional 7,972 shares in the last quarter. Private Advisor Group LLC boosted its position in Neuberger Berman Next Generation Connectivity Fund by 2.8% in the 2nd quarter. Private Advisor Group LLC now owns 92,941 shares of the company’s stock valued at $1,026,000 after buying an additional 2,489 shares during the last quarter. Claro Advisors LLC acquired a new stake in shares of Neuberger Berman Next Generation Connectivity Fund in the 2nd quarter valued at $225,000. Finally, Prevail Innovative Wealth Advisors LLC bought a new stake in shares of Neuberger Berman Next Generation Connectivity Fund during the second quarter worth $995,000.

Neuberger Berman Next Generation Connectivity Fund Trading Down 0.7 %

Shares of NBXG stock opened at 11.55 on Friday. Neuberger Berman Next Generation Connectivity Fund Inc. has a 12 month low of 9.31 and a 12 month high of 11.78. The stock has a 50-day moving average price of 10.99 and a 200 day moving average price of 10.66.

Neuberger Berman Next Generation Connectivity Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Thursday, February 29th. Shareholders of record on Thursday, February 15th will be issued a dividend of $0.10 per share. This represents a $1.20 dividend on an annualized basis and a yield of 10.39%. The ex-dividend date of this dividend is Wednesday, February 14th.

About Neuberger Berman Next Generation Connectivity Fund

(Free Report)

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.

See Also

Want to see what other hedge funds are holding NBXG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Neuberger Berman Next Generation Connectivity Fund Inc. (NYSE:NBXGFree Report).

Institutional Ownership by Quarter for Neuberger Berman Next Generation Connectivity Fund (NYSE:NBXG)

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