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On June 28, 2024, Raymond James & Associates made a significant addition to its investment portfolio by acquiring 585,470 shares of Highland Global Allocation Fund (NYSE:HGLB), priced at $7.53 per share. This transaction increased the firm's total holdings in HGLB to 2,399,476 shares, representing a 10.30% ownership stake in the fund. Founded in 1962 through the merger of Robert A. James Investments and Raymond & Associates, Raymond James & Associates has evolved into a powerhouse in financial and investment banking services.
On May 31, 2024, Raymond James & Associates, a prominent investment firm, strategically increased its stake in Royce Global Value Trust Inc (NYSE:RGT). The firm added 214,289 shares to its holdings, reflecting a significant transaction in the asset management sector. This move not only increased the firm's total shares in RGT to 862,983 but also adjusted its portfolio position in the stock to 13.80%.