Wolverine Asset Management LLC Makes New $1.34 Million Investment in Neuberger Berman Next Generation Connectivity Fund Inc. (NYSE:NBXG)

Wolverine Asset Management LLC acquired a new position in shares of Neuberger Berman Next Generation Connectivity Fund Inc. (NYSE:NBXG) in the 4th quarter, Holdings Channel reports. The fund acquired 122,885 shares of the company’s stock, valued at approximately $1,343,000.

Several other institutional investors have also modified their holdings of the stock. Raymond James Financial Services Advisors Inc. raised its position in Neuberger Berman Next Generation Connectivity Fund by 20.3% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 408,266 shares of the company’s stock valued at $4,462,000 after purchasing an additional 68,865 shares during the last quarter. PNC Financial Services Group Inc. raised its position in Neuberger Berman Next Generation Connectivity Fund by 1.5% during the 3rd quarter. PNC Financial Services Group Inc. now owns 86,790 shares of the company’s stock worth $904,000 after buying an additional 1,310 shares during the last quarter. Claro Advisors LLC grew its stake in shares of Neuberger Berman Next Generation Connectivity Fund by 96.8% during the 4th quarter. Claro Advisors LLC now owns 51,824 shares of the company’s stock worth $566,000 after purchasing an additional 25,486 shares during the period. HighTower Advisors LLC grew its stake in shares of Neuberger Berman Next Generation Connectivity Fund by 7.3% during the 3rd quarter. HighTower Advisors LLC now owns 87,732 shares of the company’s stock worth $927,000 after purchasing an additional 5,995 shares during the period. Finally, Blue Bell Private Wealth Management LLC grew its stake in shares of Neuberger Berman Next Generation Connectivity Fund by 45.2% during the 4th quarter. Blue Bell Private Wealth Management LLC now owns 82,194 shares of the company’s stock worth $898,000 after purchasing an additional 25,573 shares during the period.

Neuberger Berman Next Generation Connectivity Fund Stock Down 0.3 %

NYSE:NBXG opened at 11.60 on Thursday. Neuberger Berman Next Generation Connectivity Fund Inc. has a fifty-two week low of 9.31 and a fifty-two week high of 12.23. The firm’s fifty day simple moving average is 11.74 and its 200-day simple moving average is 11.09.

Neuberger Berman Next Generation Connectivity Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, April 30th. Investors of record on Monday, April 15th will be paid a $0.10 dividend. The ex-dividend date is Friday, April 12th. This represents a $1.20 dividend on an annualized basis and a yield of 10.34%.

About Neuberger Berman Next Generation Connectivity Fund

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.