169,873 Shares in Neuberger Berman Next Generation Connectivity Fund Inc. $NBXG Bought by Altium Capital Management LLC

Altium Capital Management LLC bought a new position in Neuberger Berman Next Generation Connectivity Fund Inc. (NYSE:NBXG) in the 4th quarter, Holdings Channel.com reports. The firm bought 169,873 shares of the company’s stock, valued at approximately $2,453,000. Neuberger Berman Next Generation Connectivity Fund comprises approximately 9.7% of Altium Capital Management LLC’s holdings, making the stock its 4th biggest holding.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Geneos Wealth Management Inc. purchased a new position in Neuberger Berman Next Generation Connectivity Fund in the first quarter worth $57,000. Activest Wealth Management purchased a new position in Neuberger Berman Next Generation Connectivity Fund in the fourth quarter worth $108,000. Ameritas Advisory Services LLC grew its position in Neuberger Berman Next Generation Connectivity Fund by 527.5% in the third quarter. Ameritas Advisory Services LLC now owns 7,530 shares of the company’s stock worth $116,000 after acquiring an additional 6,330 shares in the last quarter. Assetmark Inc. purchased a new position in Neuberger Berman Next Generation Connectivity Fund in the fourth quarter worth $147,000. Finally, Captrust Financial Advisors purchased a new stake in Neuberger Berman Next Generation Connectivity Fund in the second quarter worth approximately $153,000.

Neuberger Berman Next Generation Connectivity Fund Stock Up 1.1%

Shares of NBXG opened at $15.30 on Thursday. The stock has a 50 day simple moving average of $13.97 and a two-hundred day simple moving average of $14.16. Neuberger Berman Next Generation Connectivity Fund Inc. has a 1 year low of $12.32 and a 1 year high of $15.87.

Neuberger Berman Next Generation Connectivity Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Friday, May 29th. Shareholders of record on Friday, May 15th will be paid a $0.12 dividend. The ex-dividend date of this dividend is Friday, May 15th. This represents a c) annualized dividend and a yield of 9.4%.

About Neuberger Berman Next Generation Connectivity Fund

The Neuberger Berman Next Generation Connectivity Fund (NYSE:NBXG) is an actively managed, closed-end fund dedicated to investing in companies driving the evolution of global connectivity infrastructure. Launched in February 2024 by Neuberger Berman, NBXG seeks total return by building a diversified portfolio of equity and equity-related securities in firms involved in 5G networks, fiber-optic systems, satellite communications, data centers, cloud computing, and other emerging technologies that support faster and more reliable digital connections.

Under its investment strategy, NBXG allocates capital across hardware and software providers, telecommunications carriers, semiconductor manufacturers, and equipment suppliers that benefit from the rollout and expansion of next-generation networks.