Rockefeller Capital Management L.P. Decreases Stock Holdings in Neuberger Berman Next Generation Connectivity Fund Inc. (NYSE:NBXG)

Rockefeller Capital Management L.P. decreased its holdings in shares of Neuberger Berman Next Generation Connectivity Fund Inc. (NYSE:NBXG) by 43.9% during the third quarter, HoldingsChannel reports. The institutional investor owned 15,867 shares of the company’s stock after selling 12,427 shares during the period. Rockefeller Capital Management L.P.’s holdings in Neuberger Berman Next Generation Connectivity Fund were worth $204,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Carolinas Wealth Consulting LLC acquired a new position in Neuberger Berman Next Generation Connectivity Fund in the 2nd quarter valued at $133,000. Wealthspire Advisors LLC acquired a new position in Neuberger Berman Next Generation Connectivity Fund in the 2nd quarter valued at $155,000. Comerica Bank raised its stake in Neuberger Berman Next Generation Connectivity Fund by 26.3% in the 1st quarter. Comerica Bank now owns 15,057 shares of the company’s stock valued at $177,000 after purchasing an additional 3,132 shares during the last quarter. PFG Investments LLC acquired a new position in Neuberger Berman Next Generation Connectivity Fund in the 2nd quarter valued at $180,000. Finally, Bay Colony Advisory Group Inc d b a Bay Colony Advisors increased its stake in shares of Neuberger Berman Next Generation Connectivity Fund by 32.9% in the 2nd quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 17,496 shares of the company’s stock worth $226,000 after acquiring an additional 4,329 shares during the last quarter.

Neuberger Berman Next Generation Connectivity Fund Stock Up 1.1 %

Shares of NBXG opened at 13.23 on Thursday. Neuberger Berman Next Generation Connectivity Fund Inc. has a 52-week low of 10.48 and a 52-week high of 13.66. The stock has a fifty day simple moving average of 13.03 and a two-hundred day simple moving average of 12.64.

Neuberger Berman Next Generation Connectivity Fund Announces Dividend

The firm also recently disclosed a dividend, which will be paid on Tuesday, December 31st. Investors of record on Monday, December 16th will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Monday, December 16th.

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.