Highland Global Allocation Fund (NASDAQ:HGLB – Get Free Report) declared a monthly dividend on Wednesday, July 1st. Investors of record on Friday, July 24th will be paid a dividend of 0.085 per share on Friday, July 31st. This represents a c) dividend on an annualized basis and a yield of 13.4%. The ex-dividend date is Friday, July 24th.
Highland Global Allocation Fund Stock Performance
Shares of NASDAQ HGLB opened at $7.62 on Thursday. The firm’s 50-day simple moving average is $7.94 and its 200 day simple moving average is $8.43. Highland Global Allocation Fund has a fifty-two week low of $7.26 and a fifty-two week high of $10.64.
Institutional Investors Weigh In On Highland Global Allocation Fund
Several hedge funds have recently made changes to their positions in the company. Godfrey Financial Associates Inc. purchased a new position in Highland Global Allocation Fund during the 4th quarter valued at about $29,000. Bank of America Corp DE acquired a new stake in shares of Highland Global Allocation Fund during the fourth quarter worth approximately $32,000. Wells Fargo & Company MN grew its position in Highland Global Allocation Fund by 306,050.0% during the fourth quarter. Wells Fargo & Company MN now owns 6,123 shares of the company’s stock valued at $56,000 after purchasing an additional 6,121 shares in the last quarter. NewEdge Advisors LLC purchased a new position in Highland Global Allocation Fund during the second quarter valued at approximately $90,000. Finally, Jane Street Group LLC acquired a new position in Highland Global Allocation Fund in the 4th quarter valued at approximately $106,000. Hedge funds and other institutional investors own 28.79% of the company’s stock.
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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