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

Clough Global Dividend and Income Fund (NYSEAMERICAN:GLV)’s share price passed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $0.00 and traded as high as $5.48. Clough Global Dividend and Income Fund shares last traded at $5.46, with a volume of 16,035 shares changing hands.

Clough Global Dividend and Income Fund Price Performance

Clough Global Dividend and Income Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, March 31st. Stockholders of record on Tuesday, March 18th will be paid a $0.0526 dividend. This represents a $0.63 annualized dividend and a dividend yield of 11.56%. The ex-dividend date of this dividend is Tuesday, March 18th.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Clough Global Dividend and Income Fund stock. Rivernorth Capital Management LLC raised its position in shares of Clough Global Dividend and Income Fund (NYSEAMERICAN:GLV) by 2.8% in the third quarter, according to its most recent filing with the SEC. The firm owned 369,753 shares of the investment management company’s stock after purchasing an additional 10,197 shares during the quarter. Rivernorth Capital Management LLC’s holdings in Clough Global Dividend and Income Fund were worth $2,178,000 at the end of the most recent quarter.

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.