Clough Global Dividend and Income Fund (NYSEAMERICAN:GLV) Stock Price Passes Above Fifty Day Moving Average of $0.00

Clough Global Dividend and Income Fund (NYSEAMERICAN:GLV)’s stock price crossed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $0.00 and traded as high as $5.75. Clough Global Dividend and Income Fund shares last traded at $5.73, with a volume of 38,747 shares changing hands.

Clough Global Dividend and Income Fund Trading Down 0.7 %

Clough Global Dividend and Income Fund Announces Dividend

The firm also recently declared a dividend, which was paid on Wednesday, July 31st. Shareholders of record on Monday, July 22nd were given a $0.0526 dividend. The ex-dividend date was Friday, July 19th. This represents a yield of 10.9%.

Hedge Funds Weigh In On Clough Global Dividend and Income Fund

A number of hedge funds have recently modified their holdings of GLV. Cornerstone Advisors LLC increased its position in shares of Clough Global Dividend and Income Fund by 4.7% in the second quarter. Cornerstone Advisors LLC now owns 254,943 shares of the investment management company’s stock worth $1,453,000 after acquiring an additional 11,436 shares in the last quarter. Blue Bell Private Wealth Management LLC purchased a new position in Clough Global Dividend and Income Fund during the 2nd quarter worth approximately $193,000. Shaker Financial Services LLC raised its stake in Clough Global Dividend and Income Fund by 254.1% during the 2nd quarter. Shaker Financial Services LLC now owns 64,508 shares of the investment management company’s stock valued at $368,000 after purchasing an additional 46,293 shares during the period. Almitas Capital LLC raised its stake in Clough Global Dividend and Income Fund by 57.7% during the 2nd quarter. Almitas Capital LLC now owns 223,367 shares of the investment management company’s stock valued at $1,273,000 after purchasing an additional 81,718 shares during the period. Finally, Matisse Capital lifted its holdings in shares of Clough Global Dividend and Income Fund by 538.9% in the fourth quarter. Matisse Capital now owns 278,767 shares of the investment management company’s stock valued at $1,435,000 after purchasing an additional 235,137 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.