Highland Global Allocation Fund (NASDAQ:HGLB) Trading 0.3% Higher – Here’s Why

Highland Global Allocation Fund (NASDAQ:HGLB – Get Free Report) shares were up 0.3% on Thursday . The stock traded as high as $7.66 and last traded at $7.5650. Approximately 123,440 shares were traded during mid-day trading, an increase of 55% from the average session volume of 79,810 shares. The stock had previously closed at $7.54.

Highland Global Allocation Fund Stock Up 0.3%

The company’s fifty day simple moving average is $7.56 and its 200-day simple moving average is $8.09.

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Highland Global Allocation Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Wednesday, September 23rd will be issued a $0.085 dividend. This represents a c) annualized dividend and a dividend yield of 13.5%. The ex-dividend date of this dividend is Wednesday, September 23rd.

Institutional Trading of Highland Global Allocation Fund

Several institutional investors have recently bought and sold shares of HGLB. Godfrey Financial Associates Inc. acquired a new stake in shares of Highland Global Allocation Fund in the fourth quarter valued at about $29,000. Bank of America Corp DE purchased a new stake in shares of Highland Global Allocation Fund during the fourth quarter worth about $32,000. Wells Fargo & Company MN raised its position in shares of Highland Global Allocation Fund by 306,050.0% during the 4th quarter. Wells Fargo & Company MN now owns 6,123 shares of the company’s stock worth $56,000 after purchasing an additional 6,121 shares during the last quarter. NewEdge Advisors LLC acquired a new position in shares of Highland Global Allocation Fund during the 2nd quarter worth about $90,000. Finally, Jane Street Group LLC purchased a new position in Highland Global Allocation Fund in the 4th quarter valued at about $106,000. 28.79% of the stock is owned by institutional investors and hedge funds.

Highland Global Allocation Fund Company Profile

(Get Free Report)

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.

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