Highland Global Allocation Fund (HGLB) to Distribute Monthly Dividend of $0.09 on December 31st

Highland Global Allocation Fund (NASDAQ:HGLB) announced a monthly dividend on Thursday, October 1st. Stockholders of record on Thursday, December 24th will be given a dividend of $0.0850 per share on Thursday, December 31st. This represents a $1.02 annualized dividend and a dividend yield of 15.2%. The ex-dividend date is Thursday, December 24th.

Highland Global Allocation Fund Stock Performance

Shares of NASDAQ HGLB opened at $6.73 on Friday. The company has a 50 day simple moving average of $7.33 and a 200-day simple moving average of $7.71. Highland Global Allocation Fund has a 1 year low of $6.50 and a 1 year high of $10.64.

Hedge Funds Weigh In On Highland Global Allocation Fund

Several large investors have recently modified their holdings of the business. Concorde Asset Management LLC purchased a new position in shares of Highland Global Allocation Fund during the 2nd quarter worth $90,000. Integrated Wealth Concepts LLC purchased a new stake in Highland Global Allocation Fund in the 2nd quarter valued at about $94,000. Advisory Solutions Group LLC acquired a new position in Highland Global Allocation Fund in the second quarter valued at about $852,000. Landscape Capital Management L.L.C. acquired a new position in Highland Global Allocation Fund in the second quarter valued at about $1,512,000. Finally, NewEdge Advisors LLC boosted its stake in Highland Global Allocation Fund by 15.6% during the first quarter. NewEdge Advisors LLC now owns 211,407 shares of the company’s stock worth $1,698,000 after buying an additional 28,598 shares during the period. Institutional investors and hedge funds own 28.79% of the company’s stock.

About Highland Global Allocation Fund

Highland Global Allocation Fund (NASDAQ: HGLB) is a diversified, closed-end management investment company. The fund seeks to provide investors with long-term total return by allocating its portfolio across global markets and multiple asset classes.

Its investments may include equity securities, fixed-income securities, investment company securities and other instruments issued by companies and governments in the United States and international markets. The fund’s flexible mandate allows its portfolio allocation to change in response to market conditions and the investment team’s assessment of opportunities and risks.

Highland Global Allocation Fund is advised by Highland Capital Management Fund Advisors, L.P.