Weiss Asset Management LP lifted its holdings in shares of Neuberger Berman Next Generation Connectivity Fund Inc. (NYSE:NBXG – Get Rating) by 55.1% during the third quarter, Holdings Channel reports. The fund owned 332,715 shares of the company's stock after purchasing an additional 118,256 shares during the quarter. Weiss Asset Management LP's holdings in Neuberger Berman Next Generation Connectivity Fund were worth $3,141,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also modified their holdings of the business. Karpus Management Inc. increased its position in shares of Neuberger Berman Next Generation Connectivity Fund by 49.2% during the third quarter. Karpus Management Inc. now owns 2,250,258 shares of the company's stock worth $21,242,000 after acquiring an additional 741,777 shares during the last quarter. Saba Capital Management L.P. grew its stake in Neuberger Berman Next Generation Connectivity Fund by 66.5% in the third quarter. Saba Capital Management L.P. now owns 1,890,121 shares of the company's stock worth $17,843,000 after purchasing an additional 754,632 shares in the last quarter. Lazard Asset Management LLC grew its stake in Neuberger Berman Next Generation Connectivity Fund by 77.1% in the second quarter. Lazard Asset Management LLC now owns 1,511,687 shares of the company's stock worth $14,995,000 after purchasing an additional 657,971 shares in the last quarter. Bank of America Corp DE grew its stake in Neuberger Berman Next Generation Connectivity Fund by 69.3% in the first quarter. Bank of America Corp DE now owns 858,854 shares of the company's stock worth $11,981,000 after purchasing an additional 351,579 shares in the last quarter. Finally, Bulldog Investors LLP grew its stake in Neuberger Berman Next Generation Connectivity Fund by 47.1% in the third quarter. Bulldog Investors LLP now owns 690,416 shares of the company's stock worth $6,518,000 after purchasing an additional 220,934 shares in the last quarter.
Get Neuberger Berman Next Generation Connectivity Fund alerts:Neuberger Berman Next Generation Connectivity Fund Stock Down 1.5 %
NYSE:NBXG traded down 0.15 during mid-day trading on Friday, reaching 9.72. The stock had a trading volume of 9,718 shares, compared to its average volume of 223,175. Neuberger Berman Next Generation Connectivity Fund Inc. has a 1-year low of 8.71 and a 1-year high of 16.62. The stock's 50 day simple moving average is 9.54 and its two-hundred day simple moving average is 10.00.
Neuberger Berman Next Generation Connectivity Fund Dividend Announcement
The company also recently declared a monthly dividend, which will be paid on Tuesday, January 31st. Investors of record on Tuesday, January 17th will be paid a $0.10 dividend. The ex-dividend date is Friday, January 13th. This represents a $1.20 dividend on an annualized basis and a yield of 12.35%.Neuberger Berman Next Generation Connectivity Fund Company Profile
(Get Rating)
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.
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