Highland Global Allocation Fund (HGLB) to Issue Monthly Dividend of $0.09 on May 29th

Highland Global Allocation Fund (NASDAQ:HGLB) declared a monthly dividend on Wednesday, April 1st. Investors of record on Friday, May 22nd will be paid 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 Price Performance

HGLB stock 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 has a fifty day moving average price of $8.19 and a 200 day moving average price of $8.87.

Institutional Investors Weigh In On Highland Global Allocation Fund

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Raymond James Financial Inc. lifted its stake in Highland Global Allocation Fund by 1.4% in the second quarter. Raymond James Financial Inc. now owns 2,490,134 shares of the company’s stock worth $21,674,000 after purchasing an additional 33,750 shares during the last quarter. LPL Financial LLC lifted its position 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 worth $7,915,000 after purchasing an additional 122,226 shares during the period. NWF Advisory Services Inc. boosted its position in Highland Global Allocation Fund by 24.1% during the 3rd quarter. NWF Advisory Services Inc. now owns 291,581 shares of the company’s stock valued at $2,650,000 after acquiring an additional 56,600 shares in the last quarter. NewEdge Advisors LLC grew its stake in Highland Global Allocation Fund by 15.6% in the first 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 during the last quarter. Finally, Quantedge Capital Pte Ltd grew its position 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 worth $1,518,000 after buying an additional 15,400 shares during the last quarter. Hedge funds and other 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.