First Republic Investment Management Inc. increased its stake in Neuberger Berman Next Generation Connectivity Fund Inc. (NYSE:NBXG – Get Rating) by 64.3% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 91,930 shares of the company's stock after acquiring an additional 35,989 shares during the period. First Republic Investment Management Inc.'s holdings in Neuberger Berman Next Generation Connectivity Fund were worth $868,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Eudaimonia Partners LLC purchased a new position in Neuberger Berman Next Generation Connectivity Fund in the third quarter worth $124,000. Trustcore Financial Services LLC bought a new stake in Neuberger Berman Next Generation Connectivity Fund in the third quarter worth $33,000. Allspring Global Investments Holdings LLC lifted its stake in Neuberger Berman Next Generation Connectivity Fund by 134.3% in the third quarter. Allspring Global Investments Holdings LLC now owns 258,537 shares of the company's stock worth $2,440,000 after purchasing an additional 148,195 shares during the last quarter. Raymond James & Associates bought a new stake in Neuberger Berman Next Generation Connectivity Fund in the third quarter worth $168,000. Finally, Raymond James Financial Services Advisors Inc. lifted its stake in Neuberger Berman Next Generation Connectivity Fund by 63.7% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 96,723 shares of the company's stock worth $913,000 after purchasing an additional 37,633 shares during the last quarter.
Get Neuberger Berman Next Generation Connectivity Fund alerts:Neuberger Berman Next Generation Connectivity Fund Price Performance
Neuberger Berman Next Generation Connectivity Fund stock opened at 10.18 on Friday. Neuberger Berman Next Generation Connectivity Fund Inc. has a twelve month low of 7.70 and a twelve month high of 15.82. The firm has a fifty day simple moving average of 9.62 and a two-hundred day simple moving average of 9.97.
Neuberger Berman Next Generation Connectivity Fund Announces Dividend
The business also recently announced a monthly dividend, which will be paid on Tuesday, February 28th. Shareholders of record on Wednesday, February 15th will be given a dividend of $0.10 per share. This represents a $1.20 annualized dividend and a yield of 11.79%. The ex-dividend date of this dividend is Tuesday, February 14th.About Neuberger Berman Next Generation Connectivity Fund
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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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