Highland Global Allocation Fund (NASDAQ:HGLB) Stock Price Down 0.1% – Should You Sell?

Highland Global Allocation Fund (NASDAQ:HGLB)’s share price was down 0.1% during trading on Thursday . The company traded as low as $9.60 and last traded at $9.73. Approximately 65,216 shares were traded during trading, a decline of 20% from the average daily volume of 81,847 shares. The stock had previously closed at $9.74.

Highland Global Allocation Fund Stock Performance

The stock’s 50 day moving average price is $9.82 and its 200 day moving average price is $9.03.

Highland Global Allocation Fund Dividend Announcement

The business also recently declared a dec 25 dividend, which will be paid on Wednesday, December 31st. Investors of record on Wednesday, December 24th will be given a dividend of $0.088 per share. The ex-dividend date of this dividend is Wednesday, December 24th. This represents a yield of 1,164.0%.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the stock. BankPlus Wealth Management LLC acquired a new stake in Highland Global Allocation Fund in the third quarter valued at $145,000. Benjamin Edwards Inc. acquired a new position in shares of Highland Global Allocation Fund during the 3rd quarter worth about $93,000. HB Wealth Management LLC acquired a new position in shares of Highland Global Allocation Fund during the 3rd quarter worth about $218,000. Blue Bell Private Wealth Management LLC lifted its stake in Highland Global Allocation Fund by 6.9% in the 3rd quarter. Blue Bell Private Wealth Management LLC now owns 17,062 shares of the company’s stock valued at $155,000 after purchasing an additional 1,100 shares during the last quarter. Finally, Sovereign Financial Group Inc. lifted its stake in Highland Global Allocation Fund by 0.9% in the 3rd quarter. Sovereign Financial Group Inc. now owns 117,925 shares of the company’s stock valued at $1,072,000 after purchasing an additional 1,002 shares during the last quarter. Institutional investors and hedge funds own 28.79% of the company’s stock.

Highland Global Allocation Fund Company Profile

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.