Beck Mack & Oliver LLC Takes Position in Neuberger Berman Next Generation Connectivity Fund Inc. (NYSE:NBXG)

Beck Mack & Oliver LLC bought a new position in Neuberger Berman Next Generation Connectivity Fund Inc. (NYSE:NBXG) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 10,000 shares of the company’s stock, valued at approximately $127,000.

Other institutional investors have also bought and sold shares of the company. Harbour Investments Inc. grew its stake in Neuberger Berman Next Generation Connectivity Fund by 8.2% during the fourth quarter. Harbour Investments Inc. now owns 11,570 shares of the company’s stock valued at $147,000 after acquiring an additional 875 shares in the last quarter. Wedbush Securities Inc. boosted its stake in Neuberger Berman Next Generation Connectivity Fund by 32.1% during the fourth quarter. Wedbush Securities Inc. now owns 14,028 shares of the company’s stock valued at $179,000 after buying an additional 3,409 shares during the last quarter. Landscape Capital Management L.L.C. purchased a new position in Neuberger Berman Next Generation Connectivity Fund during the 4th quarter valued at approximately $235,000. NewEdge Advisors LLC increased its stake in Neuberger Berman Next Generation Connectivity Fund by 3.6% in the 4th quarter. NewEdge Advisors LLC now owns 23,202 shares of the company’s stock worth $296,000 after acquiring an additional 800 shares during the last quarter. Finally, Commonwealth Equity Services LLC raised its holdings in shares of Neuberger Berman Next Generation Connectivity Fund by 5.5% during the 4th quarter. Commonwealth Equity Services LLC now owns 23,319 shares of the company’s stock worth $297,000 after acquiring an additional 1,225 shares in the last quarter.

Neuberger Berman Next Generation Connectivity Fund Price Performance

NBXG stock opened at $11.45 on Friday. The firm has a fifty day moving average price of $12.46 and a 200 day moving average price of $12.88. Neuberger Berman Next Generation Connectivity Fund Inc. has a fifty-two week low of $10.05 and a fifty-two week high of $13.86.

Neuberger Berman Next Generation Connectivity Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Wednesday, April 30th. Investors of record on Tuesday, April 15th will be issued a $0.10 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 10.48%. The ex-dividend date is Tuesday, April 15th.

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.