Clough Global Dividend and Income Fund (NYSEAMERICAN:GLV) Share Price Passes Above Fifty Day Moving Average – Time to Sell?

Clough Global Dividend and Income Fund (NYSEAMERICAN:GLV) crossed above its fifty day moving average during trading on Monday . The stock has a fifty 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 0.3%

The stock has a fifty day moving average of $6.13 and a 200-day moving average of $6.00.

Clough Global Dividend and Income Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Wednesday, March 18th will be issued a $0.0566 dividend. The ex-dividend date is Wednesday, March 18th. This represents a c) annualized dividend and a dividend yield of 10.8%.

Institutional Investors Weigh In On Clough Global Dividend and Income Fund

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Royal Bank of Canada lifted its holdings in shares of Clough Global Dividend and Income Fund by 2.7% in the 1st quarter. Royal Bank of Canada now owns 749,568 shares of the investment management company’s stock valued at $4,096,000 after purchasing an additional 19,977 shares during the last quarter. Blue Bell Private Wealth Management LLC grew its stake in Clough Global Dividend and Income Fund by 16.3% during the 4th quarter. Blue Bell Private Wealth Management LLC now owns 149,747 shares of the investment management company’s stock worth $894,000 after buying an additional 20,996 shares during the last quarter. Gamco Investors INC. ET AL purchased a new position in Clough Global Dividend and Income Fund during the 4th quarter worth approximately $60,000. Shaker Financial Services LLC increased its position in Clough Global Dividend and Income Fund by 16.1% during the fourth quarter. Shaker Financial Services LLC now owns 86,114 shares of the investment management company’s stock worth $514,000 after buying an additional 11,930 shares during the period. Finally, Alpine Global Management LLC purchased a new stake in Clough Global Dividend and Income Fund in the third quarter valued at approximately $1,620,000.

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.