Highland Global Allocation Fund (NASDAQ:HGLB) Stock Price Up 0.1% – Here’s What Happened

Highland Global Allocation Fund (NASDAQ:HGLB) shares shot up 0.1% during mid-day trading on Friday . The company traded as high as $7.57 and last traded at $7.53. 29,972 shares traded hands during trading, a decline of 55% from the average session volume of 66,801 shares. The stock had previously closed at $7.52.

Highland Global Allocation Fund Trading Up 0.3 %

The stock’s 50-day moving average is $7.78 and its 200-day moving average is $7.62.

Highland Global Allocation Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Tuesday, December 31st. Investors of record on Tuesday, December 24th will be given a dividend of $0.081 per share. This represents a $0.97 dividend on an annualized basis and a yield of 12.89%. The ex-dividend date of this dividend is Tuesday, December 24th.

Hedge Funds Weigh In On Highland Global Allocation Fund

A number of institutional investors and hedge funds have recently bought and sold shares of HGLB. Bay Colony Advisory Group Inc d b a Bay Colony Advisors boosted its holdings in Highland Global Allocation Fund by 10.0% in the 3rd quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 16,047 shares of the company’s stock worth $126,000 after acquiring an additional 1,459 shares during the period. HighTower Advisors LLC boosted its holdings in Highland Global Allocation Fund by 12.4% in the 3rd quarter. HighTower Advisors LLC now owns 18,315 shares of the company’s stock worth $139,000 after acquiring an additional 2,027 shares during the period. Oppenheimer & Co. Inc. boosted its holdings in Highland Global Allocation Fund by 12.3% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 41,100 shares of the company’s stock worth $323,000 after acquiring an additional 4,500 shares during the period. BOKF NA boosted its holdings in Highland Global Allocation Fund by 3.8% in the 1st quarter. BOKF NA now owns 82,753 shares of the company’s stock worth $628,000 after acquiring an additional 3,034 shares during the period. Finally, Private Advisor Group LLC boosted its holdings in Highland Global Allocation Fund by 1.3% in the 3rd quarter. Private Advisor Group LLC now owns 114,250 shares of the company’s stock worth $898,000 after acquiring an additional 1,500 shares during the period. Hedge funds and other institutional investors own 28.79% of the company’s stock.

Highland Global Allocation Fund Company Profile

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.