Sit Investment Associates Inc. Has $14.71 Million Holdings in Neuberger Berman Next Generation Connectivity Fund Inc. $NBXG

Sit Investment Associates Inc. trimmed its position in Neuberger Berman Next Generation Connectivity Fund Inc. (NYSE:NBXG) by 28.4% in the fourth quarter, HoldingsChannel.com reports. The firm owned 1,018,961 shares of the company’s stock after selling 405,020 shares during the period. Sit Investment Associates Inc.’s holdings in Neuberger Berman Next Generation Connectivity Fund were worth $14,714,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. City of London Investment Management Co. Ltd. raised its stake in shares of Neuberger Berman Next Generation Connectivity Fund by 297.5% in the 3rd quarter. City of London Investment Management Co. Ltd. now owns 836,518 shares of the company’s stock valued at $12,866,000 after buying an additional 626,077 shares in the last quarter. Bank of America Corp DE raised its position in Neuberger Berman Next Generation Connectivity Fund by 71.9% in the second quarter. Bank of America Corp DE now owns 946,968 shares of the company’s stock worth $13,826,000 after purchasing an additional 395,994 shares in the last quarter. Wolverine Asset Management LLC bought a new position in Neuberger Berman Next Generation Connectivity Fund during the fourth quarter worth about $3,456,000. Altium Capital Management LLC acquired a new stake in Neuberger Berman Next Generation Connectivity Fund during the fourth quarter valued at approximately $2,453,000. Finally, Two Sigma Investments LP boosted its holdings in Neuberger Berman Next Generation Connectivity Fund by 30.4% during the third quarter. Two Sigma Investments LP now owns 190,016 shares of the company’s stock valued at $2,922,000 after purchasing an additional 44,333 shares in the last quarter.

Neuberger Berman Next Generation Connectivity Fund Price Performance

Shares of NBXG opened at $15.93 on Friday. Neuberger Berman Next Generation Connectivity Fund Inc. has a 1 year low of $12.32 and a 1 year high of $16.94. The stock has a 50 day simple moving average of $15.01 and a 200-day simple moving average of $14.33.

Neuberger Berman Next Generation Connectivity Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be issued a dividend of $0.12 per share. The ex-dividend date of this dividend is Monday, June 15th. This represents a c) dividend on an annualized basis and a dividend yield of 9.0%.

Neuberger Berman Next Generation Connectivity Fund Company Profile

The Neuberger Berman Next Generation Connectivity Fund (NYSE:NBXG) is an actively managed, closed-end fund dedicated to investing in companies driving the evolution of global connectivity infrastructure. Launched in February 2024 by Neuberger Berman, NBXG seeks total return by building a diversified portfolio of equity and equity-related securities in firms involved in 5G networks, fiber-optic systems, satellite communications, data centers, cloud computing, and other emerging technologies that support faster and more reliable digital connections.

Under its investment strategy, NBXG allocates capital across hardware and software providers, telecommunications carriers, semiconductor manufacturers, and equipment suppliers that benefit from the rollout and expansion of next-generation networks.