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

Clough Global Dividend and Income Fund (NYSEAMERICAN:GLV)’s share price crossed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $0.00 and traded as high as $5.63. Clough Global Dividend and Income Fund shares last traded at $5.56, with a volume of 17,729 shares.

Clough Global Dividend and Income Fund Price Performance

Clough Global Dividend and Income Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Monday, March 31st. Stockholders of record on Tuesday, March 18th will be issued a $0.0526 dividend. This represents a $0.63 annualized dividend and a dividend yield of 11.33%. The ex-dividend date is Tuesday, March 18th.

Hedge Funds Weigh In On Clough Global Dividend and Income Fund

Hedge funds and other institutional investors have recently bought and sold shares of the business. Gamco Investors INC. ET AL acquired a new position in shares of Clough Global Dividend and Income Fund in the fourth quarter valued at approximately $54,000. Sanctuary Advisors LLC acquired a new position in shares of Clough Global Dividend and Income Fund in the second quarter valued at approximately $132,000. Shaker Financial Services LLC bought a new stake in shares of Clough Global Dividend and Income Fund in the fourth quarter valued at approximately $230,000. Raymond James Financial Inc. bought a new stake in shares of Clough Global Dividend and Income Fund in the fourth quarter valued at approximately $328,000. Finally, Alpine Global Management LLC boosted its stake in shares of Clough Global Dividend and Income Fund by 44.9% in the fourth quarter. Alpine Global Management LLC now owns 140,000 shares of the investment management company’s stock valued at $760,000 after buying an additional 43,351 shares during the period.

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.