Corrado Advisors LLC Sells 2,699 Shares of Neuberger Berman Next Generation Connectivity Fund Inc. (NYSE:NBXG)

Corrado Advisors LLC cut its position in Neuberger Berman Next Generation Connectivity Fund Inc. (NYSE:NBXG) by 1.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 271,513 shares of the company’s stock after selling 2,699 shares during the period. Neuberger Berman Next Generation Connectivity Fund makes up 2.4% of Corrado Advisors LLC’s holdings, making the stock its 7th largest position. Corrado Advisors LLC’s holdings in Neuberger Berman Next Generation Connectivity Fund were worth $2,968,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. Macroview Investment Management LLC acquired a new position in shares of Neuberger Berman Next Generation Connectivity Fund in the fourth quarter valued at about $87,000. Bay Colony Advisory Group Inc d b a Bay Colony Advisors purchased a new stake in shares of Neuberger Berman Next Generation Connectivity Fund in the fourth quarter worth about $129,000. Allspring Global Investments Holdings LLC boosted its stake in shares of Neuberger Berman Next Generation Connectivity Fund by 45.1% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 452,588 shares of the company’s stock worth $4,947,000 after buying an additional 140,773 shares during the last quarter. Blue Bell Private Wealth Management LLC boosted its stake in shares of Neuberger Berman Next Generation Connectivity Fund by 45.2% in the fourth quarter. Blue Bell Private Wealth Management LLC now owns 82,194 shares of the company’s stock worth $898,000 after buying an additional 25,573 shares during the last quarter. Finally, Claro Advisors LLC boosted its stake in shares of Neuberger Berman Next Generation Connectivity Fund by 96.8% in the fourth quarter. Claro Advisors LLC now owns 51,824 shares of the company’s stock worth $566,000 after buying an additional 25,486 shares during the last quarter.

Neuberger Berman Next Generation Connectivity Fund Stock Up 2.1 %

Shares of NBXG traded up 0.24 during mid-day trading on Tuesday, reaching 11.63. The company had a trading volume of 195,600 shares, compared to its average volume of 245,337. Neuberger Berman Next Generation Connectivity Fund Inc. has a 52-week low of 9.31 and a 52-week high of 12.23. The stock has a 50 day moving average of 11.74 and a two-hundred day moving average of 11.09.

Neuberger Berman Next Generation Connectivity Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Monday, April 15th will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Friday, April 12th. This represents a $1.20 dividend on an annualized basis and a yield of 10.32%.

Neuberger Berman Next Generation Connectivity Fund Company Profile

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.