Highland Global Allocation Fund (NASDAQ:HGLB – Get Free Report) declared a monthly dividend on Wednesday, July 1st. Stockholders of record on Monday, August 24th will be paid a dividend of 0.085 per share on Monday, August 31st. This represents a c) annualized dividend and a dividend yield of 13.4%. The ex-dividend date of this dividend is Monday, August 24th.
Highland Global Allocation Fund Stock Up 1.4%
Shares of HGLB opened at $7.62 on Thursday. Highland Global Allocation Fund has a fifty-two week low of $7.26 and a fifty-two week high of $10.64. The company has a 50 day moving average price of $7.94 and a 200-day moving average price of $8.43.
Institutional Trading of Highland Global Allocation Fund
A number of institutional investors have recently modified their holdings of the company. Godfrey Financial Associates Inc. purchased a new position in shares of Highland Global Allocation Fund in the 4th quarter worth approximately $29,000. Bank of America Corp DE purchased a new stake in Highland Global Allocation Fund during the fourth quarter valued at approximately $32,000. Wells Fargo & Company MN boosted its stake in 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 valued at $56,000 after acquiring an additional 6,121 shares in the last quarter. NewEdge Advisors LLC acquired a new stake in Highland Global Allocation Fund in the second quarter valued at approximately $90,000. Finally, Jane Street Group LLC purchased a new position in Highland Global Allocation Fund in the fourth 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.
Recommended Stories
- Five stocks we like better than Highland Global Allocation Fund
- SMRs Spark a Chain Reaction for Nano Nuclear
- Netflix Stock Is Near 2021 Levels, and Bulls See 4 Reasons to Care
- Tesla Stock Surges 15% as FSD Update Backs Its Autonomy Thesis
- Is the Memory Rally Still Alive After the Semiconductor Sell-Off?
Receive News & Ratings for Highland Global Allocation Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Highland Global Allocation Fund and related companies with MarketBeat.com's FREE daily email newsletter.
