AlphaStar Capital Management LLC Increases Stake in Neuberger Berman Next Generation Connectivity Fund Inc. (NYSE:NBXG)

AlphaStar Capital Management LLC grew its holdings in Neuberger Berman Next Generation Connectivity Fund Inc. (NYSE:NBXGFree Report) by 149.7% in the fourth quarter, Holdings Channel reports. The institutional investor owned 27,337 shares of the company’s stock after acquiring an additional 16,391 shares during the quarter. AlphaStar Capital Management LLC’s holdings in Neuberger Berman Next Generation Connectivity Fund were worth $299,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Global Retirement Partners LLC acquired a new position in Neuberger Berman Next Generation Connectivity Fund during the fourth quarter worth $33,000. Macroview Investment Management LLC acquired a new position in shares of Neuberger Berman Next Generation Connectivity Fund during the 4th quarter worth about $87,000. Ieq Capital LLC acquired a new stake in Neuberger Berman Next Generation Connectivity Fund in the 3rd quarter worth about $104,000. Commonwealth Equity Services LLC purchased a new stake in Neuberger Berman Next Generation Connectivity Fund during the 3rd quarter worth approximately $105,000. Finally, Kestra Private Wealth Services LLC acquired a new position in shares of Neuberger Berman Next Generation Connectivity Fund during the third quarter valued at approximately $113,000.

Neuberger Berman Next Generation Connectivity Fund Stock Performance

Shares of NYSE NBXG traded up 0.02 during midday trading on Monday, hitting 11.90. The stock had a trading volume of 205,803 shares, compared to its average volume of 247,344. Neuberger Berman Next Generation Connectivity Fund Inc. has a 1 year low of 9.31 and a 1 year high of 12.23. The stock has a 50 day simple moving average of 11.73 and a 200-day simple moving average of 11.24.

Neuberger Berman Next Generation Connectivity Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, May 31st. Stockholders of record on Wednesday, May 15th will be issued a dividend of $0.10 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 10.08%. The ex-dividend date is Tuesday, May 14th.

Neuberger Berman Next Generation Connectivity Fund Profile

(Free Report)

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.

Read More

Want to see what other hedge funds are holding NBXG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Neuberger Berman Next Generation Connectivity Fund Inc. (NYSE:NBXGFree Report).

Institutional Ownership by Quarter for Neuberger Berman Next Generation Connectivity Fund (NYSE:NBXG)

Receive News & Ratings for Neuberger Berman Next Generation Connectivity Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Neuberger Berman Next Generation Connectivity Fund and related companies with MarketBeat.com's FREE daily email newsletter.