Clough Global Dividend and Income Fund (NYSEAMERICAN:GLV) Shares Pass Above Fifty Day Moving Average – Here’s Why

Clough Global Dividend and Income Fund (NYSEAMERICAN:GLV) shares crossed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $6.13 and traded as high as $6.34. Clough Global Dividend and Income Fund shares last traded at $6.29, with a volume of 17,897 shares traded.

Clough Global Dividend and Income Fund Stock Up 1.3%

The business’s fifty day simple moving average is $6.14 and its 200 day simple moving average is $6.00.

Clough Global Dividend and Income Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, March 31st. Investors of record on Wednesday, March 18th will be paid a dividend of $0.0566 per share. The ex-dividend date is Wednesday, March 18th. This represents a c) annualized dividend and a yield of 10.7%.

Institutional Trading of Clough Global Dividend and Income Fund

Hedge funds have recently made changes to their positions in the stock. Raymond James Financial Inc. grew its stake in Clough Global Dividend and Income Fund by 6.3% during the 2nd quarter. Raymond James Financial Inc. now owns 67,058 shares of the investment management company’s stock worth $381,000 after buying an additional 3,948 shares during the last quarter. Allworth Financial LP bought a new position in shares of Clough Global Dividend and Income Fund during the second quarter worth about $51,000. Gamco Investors INC. ET AL acquired a new stake in shares of Clough Global Dividend and Income Fund in the 4th quarter worth about $60,000. Osaic Holdings Inc. lifted its position in Clough Global Dividend and Income Fund by 18.7% in the 4th quarter. Osaic Holdings Inc. now owns 63,536 shares of the investment management company’s stock valued at $379,000 after purchasing an additional 10,019 shares during the last quarter. Finally, NWF Advisory Services Inc. acquired a new position in Clough Global Dividend and Income Fund during the 2nd quarter valued at about $59,000.

About Clough Global Dividend and Income Fund

Clough Global Dividend and Income Fund (NYSEAMERICAN: GLV) is a closed-end management investment company designed to provide investors with a combination of high current income and the potential for long-term capital appreciation. The fund pursues its objectives by investing primarily in dividend-paying equity securities of companies located throughout developed and emerging markets. In addition to its global equity allocation, Clough Global Dividend and Income Fund may allocate a portion of its assets to fixed-income instruments, including high-yield corporate bonds and preferred securities, to enhance current income potential.

Established in 2016, the fund is advised by Clough Capital Partners, L.P., an investment management firm headquartered in Greenwood Village, Colorado.