Clough Global Dividend and Income Fund (NYSEAMERICAN:GLV) Share Price Passes Above Fifty Day Moving Average – What’s Next?

Clough Global Dividend and Income Fund (NYSEAMERICAN:GLV)’s stock price passed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $5.98 and traded as high as $6.25. Clough Global Dividend and Income Fund shares last traded at $6.19, with a volume of 30,886 shares trading hands.

Clough Global Dividend and Income Fund Stock Down 0.8%

The stock has a fifty day moving average of $5.98 and a 200-day moving average of $5.73.

Clough Global Dividend and Income Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Wednesday, December 31st. Investors of record on Wednesday, December 17th will be issued a $0.0526 dividend. The ex-dividend date of this dividend is Wednesday, December 17th. This represents a c) annualized dividend and a yield of 10.2%.

Institutional Investors Weigh In On Clough Global Dividend and Income Fund

A number of large investors have recently modified their holdings of the company. Wolverine Asset Management LLC acquired a new stake in shares of Clough Global Dividend and Income Fund in the 1st quarter valued at $45,000. Allworth Financial LP purchased a new position in Clough Global Dividend and Income Fund in the second quarter valued at $51,000. NWF Advisory Services Inc. acquired a new stake in Clough Global Dividend and Income Fund in the second quarter valued at $59,000. Osaic Holdings Inc. lifted its holdings in Clough Global Dividend and Income Fund by 5,017.2% during the 2nd quarter. Osaic Holdings Inc. now owns 39,505 shares of the investment management company’s stock worth $224,000 after buying an additional 38,733 shares during the last quarter. Finally, TrueMark Investments LLC purchased a new stake in Clough Global Dividend and Income Fund during the 3rd quarter worth about $359,000.

Clough Global Dividend and Income Fund Company Profile

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.