Wolverine Asset Management LLC Makes New $1.34 Million Investment in Neuberger Berman Next Generation Connectivity Fund Inc. (NYSE:NBXG)

Wolverine Asset Management LLC bought a new position in Neuberger Berman Next Generation Connectivity Fund Inc. (NYSE:NBXG) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 122,885 shares of the company’s stock, valued at approximately $1,343,000.

Several other hedge funds have also recently modified their holdings of NBXG. PNC Financial Services Group Inc. lifted its position in Neuberger Berman Next Generation Connectivity Fund by 1.5% during the third quarter. PNC Financial Services Group Inc. now owns 86,790 shares of the company’s stock valued at $904,000 after acquiring an additional 1,310 shares during the last quarter. Beverly Hills Private Wealth LLC raised its holdings in shares of Neuberger Berman Next Generation Connectivity Fund by 0.9% in the third quarter. Beverly Hills Private Wealth LLC now owns 153,710 shares of the company’s stock worth $1,602,000 after buying an additional 1,349 shares during the last quarter. Private Advisor Group LLC raised its holdings in shares of Neuberger Berman Next Generation Connectivity Fund by 2.2% in the third quarter. Private Advisor Group LLC now owns 94,941 shares of the company’s stock worth $989,000 after buying an additional 2,000 shares during the last quarter. Corrado Advisors LLC raised its holdings in shares of Neuberger Berman Next Generation Connectivity Fund by 1.1% in the third quarter. Corrado Advisors LLC now owns 274,212 shares of the company’s stock worth $2,857,000 after buying an additional 2,888 shares during the last quarter. Finally, Global Retirement Partners LLC purchased a new position in shares of Neuberger Berman Next Generation Connectivity Fund in the fourth quarter worth $33,000.

Neuberger Berman Next Generation Connectivity Fund Trading Down 0.3 %

NYSE:NBXG opened at 11.60 on Thursday. Neuberger Berman Next Generation Connectivity Fund Inc. has a 1-year low of 9.31 and a 1-year high of 12.23. The company’s fifty day moving average price is 11.74 and its 200-day moving average price is 11.09.

Neuberger Berman Next Generation Connectivity Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Monday, April 15th will be paid a $0.10 dividend. The ex-dividend date is Friday, April 12th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 10.34%.

Neuberger Berman Next Generation Connectivity Fund Company Profile

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.