Highland Global Allocation Fund (NASDAQ:HGLB – Get Free Report) declared a monthly dividend on Wednesday, July 1st. Stockholders of record on Wednesday, September 23rd will be paid a dividend of 0.085 per share on Wednesday, September 30th. This represents a c) annualized dividend and a dividend yield of 13.4%. The ex-dividend date of this dividend is Wednesday, September 23rd.
Highland Global Allocation Fund Stock Up 1.4%
Shares of Highland Global Allocation Fund stock opened at $7.62 on Thursday. The company has a 50 day moving average of $7.94 and a 200-day moving average of $8.43. Highland Global Allocation Fund has a 1-year low of $7.26 and a 1-year high of $10.64.
Institutional Investors Weigh In On Highland Global Allocation Fund
Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Godfrey Financial Associates Inc. acquired a new stake in shares of Highland Global Allocation Fund in the 4th quarter valued at $29,000. Bank of America Corp DE acquired a new position in shares of Highland Global Allocation Fund during the 4th quarter worth $32,000. Wells Fargo & Company MN raised its holdings in shares of Highland Global Allocation Fund by 306,050.0% during the 4th quarter. Wells Fargo & Company MN now owns 6,123 shares of the company’s stock worth $56,000 after buying an additional 6,121 shares in the last quarter. NewEdge Advisors LLC bought a new stake in shares of Highland Global Allocation Fund during the 2nd quarter worth $90,000. Finally, Jane Street Group LLC bought a new stake in shares of Highland Global Allocation Fund during the 4th quarter worth $106,000. 28.79% of the stock is currently owned by institutional investors.
About Highland Global Allocation Fund
The Highland Global Allocation Fund (NASDAQ:HGLB) is a diversified, closed-end interval fund that seeks to provide total return through a combination of current income and capital appreciation. Managed by Highland Capital Management, the fund pursues a multi-asset strategy, allocating across global equities, fixed income instruments, and alternative investments. Its flexible mandate allows the portfolio team to shift exposures between regions and asset classes in response to changing market conditions.
The fund’s investment approach emphasizes risk management and diversification.
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