Highland Global Allocation Fund (HGLB) To Go Ex-Dividend on February 20th

Highland Global Allocation Fund (NASDAQ:HGLB) declared a monthly dividend on Friday, January 2nd. Shareholders of record on Friday, February 20th will be given a dividend of 0.085 per share on Friday, February 27th. This represents a c) dividend on an annualized basis and a yield of 11.4%. The ex-dividend date of this dividend is Friday, February 20th.

Highland Global Allocation Fund Price Performance

Shares of HGLB traded up $0.09 during mid-day trading on Wednesday, hitting $8.91. 25,559 shares of the company’s stock were exchanged, compared to its average volume of 77,105. Highland Global Allocation Fund has a 52 week low of $6.62 and a 52 week high of $10.64. The company has a 50-day simple moving average of $8.98 and a 200 day simple moving average of $9.19.

Institutional Investors Weigh In On Highland Global Allocation Fund

Several hedge funds and other institutional investors have recently added to or reduced their stakes in HGLB. Quantedge Capital Pte Ltd increased its holdings in Highland Global Allocation Fund by 8.5% during the fourth quarter. Quantedge Capital Pte Ltd now owns 173,587 shares of the company’s stock worth $1,585,000 after buying an additional 13,600 shares during the last quarter. Wells Fargo & Company MN raised its holdings 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 during the period. Jane Street Group LLC acquired a new stake in Highland Global Allocation Fund in the 4th quarter valued at about $106,000. LPL Financial LLC grew its holdings in Highland Global Allocation Fund by 16.4% during the fourth 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. Finally, Total Wealth Planning & Management Inc. acquired a new position in Highland Global Allocation Fund during the fourth quarter worth approximately $325,000. 28.79% of the stock is currently owned by institutional investors and hedge funds.

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.