Matisse Capital Reduces Position in Neuberger Berman Next Generation Connectivity Fund Inc. (NYSE:NBXG)

Matisse Capital decreased its holdings in Neuberger Berman Next Generation Connectivity Fund Inc. (NYSE:NBXG) by 12.5% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 140,000 shares of the company’s stock after selling 20,000 shares during the quarter. Neuberger Berman Next Generation Connectivity Fund makes up 0.9% of Matisse Capital’s portfolio, making the stock its 28th biggest position. Matisse Capital’s holdings in Neuberger Berman Next Generation Connectivity Fund were worth $1,807,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Whittier Trust Co. acquired a new stake in shares of Neuberger Berman Next Generation Connectivity Fund during the first quarter worth approximately $118,000. Prudent Investors Network Inc. bought a new position in shares of Neuberger Berman Next Generation Connectivity Fund during the first quarter worth about $146,000. Hartline Investment Corp bought a new stake in Neuberger Berman Next Generation Connectivity Fund in the first quarter valued at about $155,000. Comerica Bank lifted its holdings in Neuberger Berman Next Generation Connectivity Fund by 26.3% during the 1st quarter. Comerica Bank now owns 15,057 shares of the company’s stock worth $177,000 after buying an additional 3,132 shares during the last quarter. Finally, Bay Colony Advisory Group Inc d b a Bay Colony Advisors grew its position 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 in the last quarter.

Neuberger Berman Next Generation Connectivity Fund Stock Performance

Shares of NBXG stock traded up 0.10 on Friday, hitting 12.44. 164,800 shares of the stock traded hands, compared to its average volume of 240,335. The company’s fifty day moving average is 12.45 and its 200 day moving average is 12.11. Neuberger Berman Next Generation Connectivity Fund Inc. has a 1-year low of 9.31 and a 1-year high of 13.43.

Neuberger Berman Next Generation Connectivity Fund Announces Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, August 30th. Shareholders of record on Thursday, August 15th were issued a dividend of $0.10 per share. The ex-dividend date of this dividend was Thursday, August 15th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 9.65%.

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.