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

Highland Global Allocation Fund (NASDAQ:HGLB) announced a monthly dividend on Wednesday, April 1st. Shareholders of record on Friday, May 22nd will be given a dividend of 0.085 per share on Friday, May 29th. This represents a c) dividend on an annualized basis and a yield of 12.6%. The ex-dividend date is Friday, May 22nd.

Highland Global Allocation Fund Trading Up 0.7%

HGLB opened at $8.10 on Wednesday. Highland Global Allocation Fund has a fifty-two week low of $7.53 and a fifty-two week high of $10.64. The firm’s fifty day moving average price is $8.19 and its two-hundred day moving average price is $8.87.

Institutional Investors Weigh In On Highland Global Allocation Fund

Several institutional investors and hedge funds have recently made changes to their positions in the company. NewEdge Advisors LLC boosted its stake in shares of Highland Global Allocation Fund by 15.6% in the 1st quarter. NewEdge Advisors LLC now owns 211,407 shares of the company’s stock valued at $1,698,000 after purchasing an additional 28,598 shares in the last quarter. Quantedge Capital Pte Ltd boosted its stake in shares of Highland Global Allocation Fund by 8.9% in the 1st quarter. Quantedge Capital Pte Ltd now owns 188,987 shares of the company’s stock valued at $1,518,000 after purchasing an additional 15,400 shares in the last quarter. Wells Fargo & Company MN boosted its stake in shares of Highland Global Allocation Fund by 306,050.0% in the 4th 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. Jane Street Group LLC acquired a new stake in shares of Highland Global Allocation Fund in the 4th quarter valued at $106,000. Finally, LPL Financial LLC boosted its stake in shares of Highland Global Allocation Fund by 16.4% in the 4th quarter. LPL Financial LLC now owns 866,872 shares of the company’s stock valued at $7,915,000 after purchasing an additional 122,226 shares in the last quarter. Institutional investors and hedge funds 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.