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

Highland Global Allocation Fund (NASDAQ:HGLB) declared a monthly dividend on Thursday, October 1st. Stockholders of record on Friday, October 23rd will be paid 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 of this dividend is Friday, October 23rd.

Highland Global Allocation Fund Trading Up 1.2%

NASDAQ:HGLB opened at $6.68 on Friday. Highland Global Allocation Fund has a 52-week low of $6.50 and a 52-week high of $10.64. The business’s fifty day moving average is $7.34 and its 200 day moving average is $7.72.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. NewEdge Advisors LLC lifted its holdings 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 valued at $1,698,000 after buying an additional 28,598 shares during the period. Landscape Capital Management L.L.C. bought a new stake in shares of Highland Global Allocation Fund in the second quarter worth $1,512,000. Quantedge Capital Pte Ltd increased its position in Highland Global Allocation Fund by 8.9% during the first quarter. Quantedge Capital Pte Ltd now owns 188,987 shares of the company’s stock valued at $1,518,000 after acquiring an additional 15,400 shares during the last quarter. Advisory Solutions Group LLC purchased a new stake in Highland Global Allocation Fund during the second quarter valued at $852,000. Finally, Total Wealth Planning & Management Inc. bought a new position in Highland Global Allocation Fund in the fourth quarter valued at about $325,000. Hedge funds and other institutional investors own 28.79% of the company’s stock.

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.