Neuberger Berman Next Generation Connectivity Fund Inc. (NYSE:NBXG) Shares Acquired by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. lifted its holdings in Neuberger Berman Next Generation Connectivity Fund Inc. (NYSE:NBXG) by 14.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 100,372 shares of the company’s stock after buying an additional 12,577 shares during the period. PNC Financial Services Group Inc.’s holdings in Neuberger Berman Next Generation Connectivity Fund were worth $1,288,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of NBXG. Carolinas Wealth Consulting LLC purchased a new position in Neuberger Berman Next Generation Connectivity Fund during the second quarter worth approximately $133,000. Wealthspire Advisors LLC acquired a new stake in shares of Neuberger Berman Next Generation Connectivity Fund in the 2nd quarter worth $155,000. Comerica Bank raised its holdings in shares of 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 acquiring an additional 3,132 shares during the period. PFG Investments LLC purchased a new position in shares of Neuberger Berman Next Generation Connectivity Fund during the 2nd quarter worth $180,000. Finally, Bay Colony Advisory Group Inc d b a Bay Colony Advisors boosted its position in shares of Neuberger Berman Next Generation Connectivity Fund by 32.9% during the 2nd quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 17,496 shares of the company’s stock valued at $226,000 after acquiring an additional 4,329 shares during the last quarter.

Neuberger Berman Next Generation Connectivity Fund Trading Down 0.2 %

NYSE:NBXG opened at 13.13 on Thursday. The company’s 50-day moving average is 12.91 and its two-hundred day moving average is 12.56. Neuberger Berman Next Generation Connectivity Fund Inc. has a 1-year low of 10.48 and a 1-year 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. Shareholders of record on Friday, November 15th will be paid a dividend of $0.10 per share. This represents a $1.20 dividend on an annualized basis and a yield of 9.14%. The ex-dividend date is Friday, November 15th.

Neuberger Berman Next Generation Connectivity Fund 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.