Penserra Capital Management LLC Purchases Shares of 336,480 Neuberger Berman Next Generation Connectivity Fund Inc. (NYSE:NBXG)

Penserra Capital Management LLC acquired a new position in Neuberger Berman Next Generation Connectivity Fund Inc. (NYSE:NBXG) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 336,480 shares of the company’s stock, valued at approximately $4,317,000.

Several other large investors have also recently modified their holdings of the company. Carolinas Wealth Consulting LLC purchased a new position in Neuberger Berman Next Generation Connectivity Fund in the second quarter worth $133,000. Prudent Investors Network Inc. acquired a new position in Neuberger Berman Next Generation Connectivity Fund during the 1st quarter valued at about $146,000. Wealthspire Advisors LLC acquired a new position in Neuberger Berman Next Generation Connectivity Fund during the 2nd quarter valued at about $155,000. Comerica Bank raised its stake in Neuberger Berman Next Generation Connectivity Fund by 26.3% in the first quarter. Comerica Bank now owns 15,057 shares of the company’s stock valued at $177,000 after buying an additional 3,132 shares during the last quarter. Finally, PFG Investments LLC acquired a new stake in Neuberger Berman Next Generation Connectivity Fund in the second quarter worth about $180,000.

Neuberger Berman Next Generation Connectivity Fund Stock Performance

NBXG opened at 13.10 on Monday. The firm’s 50-day moving average price is 12.86 and its 200-day moving average price is 12.54. Neuberger Berman Next Generation Connectivity Fund Inc. has a 52-week low of 10.48 and a 52-week high of 13.43.

Neuberger Berman Next Generation Connectivity Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Friday, November 29th. Shareholders of record on Friday, November 15th will be paid a dividend of $0.10 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $1.20 dividend on an annualized basis and a yield of 9.16%.

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.