Clough Global Dividend and Income Fund (NYSEAMERICAN:GLV) Stock Price Passes Above 50-Day Moving Average – What’s Next?

Clough Global Dividend and Income Fund (NYSEAMERICAN:GLV)’s share price passed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $6.11 and traded as high as $6.37. Clough Global Dividend and Income Fund shares last traded at $6.33, with a volume of 89,656 shares changing hands.

Clough Global Dividend and Income Fund Stock Performance

The firm has a 50 day moving average price of $6.11 and a 200-day moving average price of $5.96.

Clough Global Dividend and Income Fund Dividend Announcement

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

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Shaker Financial Services LLC purchased a new stake in Clough Global Dividend and Income Fund in the 2nd quarter valued at approximately $2,480,000. Alpine Global Management LLC acquired a new position in shares of Clough Global Dividend and Income Fund in the third quarter worth $1,620,000. TrueMark Investments LLC purchased a new stake in shares of Clough Global Dividend and Income Fund in the third quarter valued at $359,000. Blue Bell Private Wealth Management LLC lifted its position in shares of 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 acquiring an additional 45,841 shares in the last quarter. Finally, Osaic Holdings Inc. boosted its stake in shares of Clough Global Dividend and Income Fund by 5,017.2% during the second quarter. Osaic Holdings Inc. now owns 39,505 shares of the investment management company’s stock valued at $224,000 after acquiring an additional 38,733 shares during the last quarter.

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.