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

Highland Global Allocation Fund (NASDAQ:HGLB) declared a monthly dividend on Thursday, October 1st. Investors of record on Thursday, December 24th will be given a dividend of $0.0850 per share on Thursday, December 31st. This represents a $1.02 annualized dividend and a dividend yield of 15.1%. The ex-dividend date of this dividend is Thursday, December 24th.

Highland Global Allocation Fund Trading Up 1.0%

HGLB stock traded up $0.07 during trading on Friday, hitting $6.76. 3,031 shares of the stock traded hands, compared to its average volume of 80,904. Highland Global Allocation Fund has a one year low of $6.50 and a one year high of $10.64. The company has a 50 day simple moving average of $7.34 and a 200 day simple moving average of $7.72.

Institutional Investors Weigh In On Highland Global Allocation Fund

A number of large investors have recently bought and sold shares of the business. Concorde Asset Management LLC bought a new position in Highland Global Allocation Fund in the 2nd quarter valued at $90,000. Integrated Wealth Concepts LLC bought a new stake in shares of Highland Global Allocation Fund during the second quarter worth $94,000. Total Wealth Planning & Management Inc. bought a new stake in shares of Highland Global Allocation Fund during the fourth quarter worth $325,000. Advisory Solutions Group LLC acquired a new stake in shares of Highland Global Allocation Fund in the second quarter valued at $852,000. Finally, Landscape Capital Management L.L.C. acquired a new stake in shares of Highland Global Allocation Fund in the second quarter valued at $1,512,000. 28.79% of the stock is currently owned by institutional investors.

Highland Global Allocation Fund Company Profile

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.