Highland Global Allocation Fund (HGLB) To Go Ex-Dividend on November 23rd

Highland Global Allocation Fund (NASDAQ:HGLB) declared a monthly dividend on Thursday, October 1st. Investors of record on Monday, November 23rd will be paid a dividend of $0.0850 per share on Monday, November 30th. This represents a $1.02 annualized dividend and a yield of 15.2%. The ex-dividend date of this dividend is Monday, November 23rd.

Highland Global Allocation Fund Stock Performance

HGLB stock opened at $6.73 on Friday. Highland Global Allocation Fund has a twelve month low of $6.50 and a twelve month high of $10.64. The business has a 50 day moving average price of $7.33 and a two-hundred day moving average price of $7.71.

Hedge Funds Weigh In On Highland Global Allocation Fund

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Landscape Capital Management L.L.C. acquired a new position in Highland Global Allocation Fund during the second quarter worth $1,512,000. Advisory Solutions Group LLC acquired a new stake in Highland Global Allocation Fund in the second quarter valued at $852,000. Total Wealth Planning & Management Inc. bought a new position in shares of Highland Global Allocation Fund in the 4th quarter valued at about $325,000. NewEdge Advisors LLC grew its position in shares of Highland Global Allocation Fund by 15.6% in the 1st quarter. NewEdge Advisors LLC now owns 211,407 shares of the company’s stock valued at $1,698,000 after acquiring an additional 28,598 shares during the period. Finally, Quantedge Capital Pte Ltd increased its stake in shares of Highland Global Allocation Fund by 8.9% during 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 during the last quarter. 28.79% of the stock is owned by institutional investors.

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.