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

Highland Global Allocation Fund (NASDAQ:HGLB) declared a monthly dividend on Thursday, October 1st. Investors of record on Friday, October 23rd will be given a dividend of $0.0850 per share on Friday, October 30th. This represents a $1.02 annualized dividend and a dividend yield of 15.3%. The ex-dividend date is Friday, October 23rd.

Highland Global Allocation Fund Price Performance

NASDAQ:HGLB opened at $6.68 on Friday. Highland Global Allocation Fund has a 1-year low of $6.50 and a 1-year high of $10.64. The firm has a fifty day simple moving average of $7.34 and a 200 day simple moving average of $7.72.

Institutional Trading of Highland Global Allocation Fund

A number of large investors have recently bought and sold shares of the business. Concorde Asset Management LLC purchased a new stake in shares of Highland Global Allocation Fund in the second quarter valued at about $90,000. Integrated Wealth Concepts LLC bought a new stake in Highland Global Allocation Fund in the 2nd quarter worth about $94,000. Quantedge Capital Pte Ltd grew its position in 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 purchasing an additional 15,400 shares in the last quarter. NewEdge Advisors LLC lifted its position in shares of Highland Global Allocation Fund by 15.6% during the 1st 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 in the last quarter. Finally, Total Wealth Planning & Management Inc. purchased a new position in shares of Highland Global Allocation Fund in the 4th quarter worth approximately $325,000. 28.79% of the stock is currently owned by institutional investors and hedge funds.

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.