Highland Global Allocation Fund (HGLB) To Go Ex-Dividend on April 22nd

Highland Global Allocation Fund (NASDAQ:HGLB) declared a monthly dividend on Monday, April 1st, NASDAQ reports. Investors of record on Tuesday, April 23rd will be paid a dividend of 0.081 per share on Tuesday, April 30th. This represents a $0.97 dividend on an annualized basis and a yield of 12.91%. The ex-dividend date of this dividend is Monday, April 22nd.

Highland Global Allocation Fund Stock Up 0.1 %

Highland Global Allocation Fund stock traded up $0.01 during midday trading on Wednesday, reaching $7.53. 45,475 shares of the company traded hands, compared to its average volume of 88,175. The business has a 50 day moving average of $7.88 and a two-hundred day moving average of $7.86. Highland Global Allocation Fund has a 12 month low of $6.42 and a 12 month high of $9.45.

Institutional Trading of Highland Global Allocation Fund

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in HGLB. UBS Group AG purchased a new stake in Highland Global Allocation Fund during the third quarter valued at approximately $28,000. International Assets Investment Management LLC purchased a new stake in Highland Global Allocation Fund during the fourth quarter valued at approximately $82,000. Virtu Financial LLC purchased a new stake in shares of Highland Global Allocation Fund in the first quarter worth $115,000. Bay Colony Advisory Group Inc d b a Bay Colony Advisors increased its stake in shares of Highland Global Allocation Fund by 29.3% in the second quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 15,170 shares of the company’s stock worth $131,000 after purchasing an additional 3,439 shares in the last quarter. Finally, Nations Financial Group Inc. IA ADV purchased a new stake in shares of Highland Global Allocation Fund in the first quarter worth $133,000. 28.79% of the stock is owned by hedge funds and other institutional investors.

About Highland Global Allocation Fund

Highland Global Allocation Fund is a closed-end fund designed to provide low correlation to U.S. equity market.

Thr fund applies global thematic investment style, pursuing investments that management team views as undervalued, built around high-conviction themes.