Highland Global Allocation Fund (NASDAQ:HGLB – Get Free Report) declared a monthly dividend on Wednesday, July 1st. Shareholders of record on Friday, July 24th will be paid a dividend of 0.085 per share on Friday, July 31st. This represents a c) annualized dividend and a yield of 13.4%. The ex-dividend date of this dividend is Friday, July 24th.
Highland Global Allocation Fund Stock Down 0.4%
HGLB stock opened at $7.60 on Friday. The company has a fifty day moving average price of $7.93 and a 200-day moving average price of $8.42. Highland Global Allocation Fund has a 52-week low of $7.26 and a 52-week high of $10.64.
Institutional Inflows and Outflows
Large investors have recently bought and sold shares of the stock. Godfrey Financial Associates Inc. bought a new stake in shares of Highland Global Allocation Fund in the 4th quarter valued at about $29,000. Bank of America Corp DE bought a new position in shares of Highland Global Allocation Fund during the fourth quarter worth about $32,000. Wells Fargo & Company MN lifted its stake in shares of Highland Global Allocation Fund by 306,050.0% in the fourth quarter. Wells Fargo & Company MN now owns 6,123 shares of the company’s stock worth $56,000 after acquiring an additional 6,121 shares during the period. NewEdge Advisors LLC acquired a new position in shares of Highland Global Allocation Fund in the second quarter worth approximately $90,000. Finally, Jane Street Group LLC acquired a new position in shares of Highland Global Allocation Fund in the fourth quarter worth approximately $106,000. 28.79% of the stock is 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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