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

Wolverine Asset Management LLC bought a new position in shares of Neuberger Berman Next Generation Connectivity Fund Inc. (NYSE:NBXG) during the 4th quarter, Holdings Channel reports. The fund bought 251,949 shares of the company’s stock, valued at approximately $3,210,000.

Several other institutional investors also recently made changes to their positions in NBXG. Private Advisor Group LLC raised its stake in shares of Neuberger Berman Next Generation Connectivity Fund by 3.6% during the 3rd quarter. Private Advisor Group LLC now owns 100,766 shares of the company’s stock worth $1,293,000 after buying an additional 3,500 shares during the last quarter. Dakota Wealth Management raised its stake in shares of Neuberger Berman Next Generation Connectivity Fund by 2.9% during the 3rd quarter. Dakota Wealth Management now owns 86,623 shares of the company’s stock worth $1,111,000 after buying an additional 2,406 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its stake in shares of Neuberger Berman Next Generation Connectivity Fund by 40.2% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 160,456 shares of the company’s stock worth $2,059,000 after buying an additional 46,005 shares during the last quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors raised its stake in shares of Neuberger Berman Next Generation Connectivity Fund by 15.4% during the 3rd quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 20,194 shares of the company’s stock worth $259,000 after buying an additional 2,698 shares during the last quarter. Finally, Shaker Financial Services LLC acquired a new position in shares of Neuberger Berman Next Generation Connectivity Fund during the 3rd quarter worth $326,000.

Neuberger Berman Next Generation Connectivity Fund Stock Down 1.3 %

NYSE:NBXG opened at $13.44 on Friday. Neuberger Berman Next Generation Connectivity Fund Inc. has a 52-week low of $10.70 and a 52-week high of $13.86. The stock has a fifty day simple moving average of $13.26 and a 200-day simple moving average of $12.89.

Neuberger Berman Next Generation Connectivity Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Friday, February 28th. Stockholders of record on Tuesday, February 18th will be paid a dividend of $0.10 per share. This represents a $1.20 annualized dividend and a dividend yield of 8.93%. The ex-dividend date is Tuesday, February 18th.

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.