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

Penserra Capital Management LLC bought a new position in shares of Neuberger Berman Next Generation Connectivity Fund Inc. (NYSE:NBXG) in the third quarter, Holdings Channel.com reports. The fund bought 336,480 shares of the company’s stock, valued at approximately $4,317,000.

Other hedge funds have also modified their holdings of the company. Concorde Asset Management LLC lifted its position in Neuberger Berman Next Generation Connectivity Fund by 63.2% during the second quarter. Concorde Asset Management LLC now owns 40,230 shares of the company’s stock worth $519,000 after buying an additional 15,580 shares in the last quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors increased its stake in shares of Neuberger Berman Next Generation Connectivity Fund by 32.9% in the 2nd quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 17,496 shares of the company’s stock worth $226,000 after acquiring an additional 4,329 shares during the last quarter. Commonwealth Equity Services LLC raised its holdings in shares of Neuberger Berman Next Generation Connectivity Fund by 43.7% during the 2nd quarter. Commonwealth Equity Services LLC now owns 28,278 shares of the company’s stock worth $365,000 after acquiring an additional 8,596 shares during the period. Carolinas Wealth Consulting LLC acquired a new position in shares of Neuberger Berman Next Generation Connectivity Fund during the 2nd quarter valued at about $133,000. Finally, Wealthspire Advisors LLC acquired a new position in shares of Neuberger Berman Next Generation Connectivity Fund during the 2nd quarter valued at about $155,000.

Neuberger Berman Next Generation Connectivity Fund Stock Performance

Neuberger Berman Next Generation Connectivity Fund stock opened at 13.10 on Monday. The company has a 50-day moving average price of 12.86 and a 200 day moving average price of 12.54. Neuberger Berman Next Generation Connectivity Fund Inc. has a 12-month low of 10.48 and a 12-month high of 13.43.

Neuberger Berman Next Generation Connectivity Fund Dividend Announcement

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

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.