Highland Global Allocation Fund (NASDAQ:HGLB) Plans $0.09 Monthly Dividend

Highland Global Allocation Fund (NASDAQ:HGLB) announced a monthly dividend on Wednesday, July 1st. Investors of record on Wednesday, September 23rd will be given a dividend of 0.085 per share on Wednesday, September 30th. This represents a c) annualized dividend and a yield of 13.4%. The ex-dividend date is Wednesday, September 23rd.

Highland Global Allocation Fund Price Performance

HGLB stock opened at $7.62 on Thursday. Highland Global Allocation Fund has a 12 month low of $7.26 and a 12 month high of $10.64. The firm has a 50-day moving average price of $7.94 and a 200-day moving average price of $8.43.

Hedge Funds Weigh In On Highland Global Allocation Fund

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Bank of America Corp DE bought a new stake in shares of Highland Global Allocation Fund during the fourth quarter worth $32,000. NewEdge Advisors LLC bought a new position in shares of Highland Global Allocation Fund in the 2nd quarter valued at $90,000. Raymond James Financial Inc. lifted its stake in shares of Highland Global Allocation Fund by 1.4% in the 2nd quarter. Raymond James Financial Inc. now owns 2,490,134 shares of the company’s stock valued at $21,674,000 after acquiring an additional 33,750 shares during the last quarter. Jane Street Group LLC acquired a new stake in shares of Highland Global Allocation Fund during the 2nd quarter valued at $111,000. Finally, Sovereign Financial Group Inc. grew its position in Highland Global Allocation Fund by 2.1% during the 4th quarter. Sovereign Financial Group Inc. now owns 120,412 shares of the company’s stock worth $1,099,000 after acquiring an additional 2,487 shares during the last quarter. 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.