Highland Global Allocation Fund (HGLB) To Go Ex-Dividend on June 23rd

Highland Global Allocation Fund (NASDAQ:HGLB) announced a monthly dividend on Thursday, April 3rd, Wall Street Journal reports. Shareholders of record on Monday, June 23rd will be paid a dividend of 0.088 per share on Monday, June 30th. This represents a $1.06 dividend on an annualized basis and a dividend yield of 11.80%. The ex-dividend date of this dividend is Monday, June 23rd.

Highland Global Allocation Fund Stock Down 1.0%

Highland Global Allocation Fund stock opened at $8.95 on Friday. The company has a fifty day simple moving average of $8.31 and a 200-day simple moving average of $7.97. Highland Global Allocation Fund has a 12-month low of $6.62 and a 12-month high of $9.11.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Highland Global Allocation Fund stock. Bank of America Corp DE bought a new position in shares of Highland Global Allocation Fund (NASDAQ:HGLB) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 4,686 shares of the company’s stock, valued at approximately $32,000. Hedge funds and other institutional investors own 28.79% of the company’s stock.

About Highland Global Allocation Fund

Highland Global Allocation Fund is a closed-end fund designed to provide low correlation to U.S. equity market.

Thr fund applies global thematic investment style, pursuing investments that management team views as undervalued, built around high-conviction themes.