Clough Global Dividend and Income Fund (NYSEAMERICAN:GLV) Shares Pass Above 50 Day Moving Average – Here’s What Happened

Clough Global Dividend and Income Fund (NYSEAMERICAN:GLV) shares crossed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $5.93 and traded as high as $6.12. Clough Global Dividend and Income Fund shares last traded at $6.06, with a volume of 33,803 shares traded.

Clough Global Dividend and Income Fund Trading Up 0.2%

The stock has a fifty day moving average price of $5.93 and a two-hundred day moving average price of $5.70.

Clough Global Dividend and Income Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Wednesday, December 17th will be issued a dividend of $0.0526 per share. The ex-dividend date of this dividend is Wednesday, December 17th. This represents a c) dividend on an annualized basis and a dividend yield of 10.4%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of GLV. Kingstone Capital Partners Texas LLC acquired a new position in Clough Global Dividend and Income Fund in the second quarter valued at about $99,618,000. Shaker Financial Services LLC acquired a new position in Clough Global Dividend and Income Fund in the second quarter valued at about $2,480,000. North Ground Capital raised its stake in Clough Global Dividend and Income Fund by 80.4% in the first quarter. North Ground Capital now owns 287,229 shares of the investment management company’s stock valued at $1,541,000 after purchasing an additional 128,029 shares in the last quarter. TrueMark Investments LLC acquired a new position in Clough Global Dividend and Income Fund in the third quarter valued at about $359,000. Finally, Blue Bell Private Wealth Management LLC raised its stake in Clough Global Dividend and Income Fund by 55.3% in the third quarter. Blue Bell Private Wealth Management LLC now owns 128,751 shares of the investment management company’s stock valued at $766,000 after purchasing an additional 45,841 shares in the last quarter.

About Clough Global Dividend and Income Fund

Clough Global Dividend and Income Fund is a closed ended balanced mutual fund launched and managed by Clough Capital Partners L.P. The fund primarily invests in the public equity and fixed income markets across the globe. It seeks to invest in securities of companies operating across diversified sectors.