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

Clough Global Dividend and Income Fund (NYSEAMERICAN:GLV) shares crossed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $0.00 and traded as high as $5.51. Clough Global Dividend and Income Fund shares last traded at $5.50, with a volume of 23,820 shares changing hands.

Clough Global Dividend and Income Fund Stock Down 0.4 %

Clough Global Dividend and Income Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Monday, March 31st. Investors of record on Tuesday, March 18th will be paid a dividend of $0.0526 per share. This represents a $0.63 dividend on an annualized basis and a dividend yield of 11.48%. The ex-dividend date of this dividend is Tuesday, March 18th.

Institutional Trading of Clough Global Dividend and Income Fund

A number of large investors have recently made changes to their positions in the stock. Gamco Investors INC. ET AL purchased a new position in Clough Global Dividend and Income Fund during the fourth quarter worth about $54,000. Shaker Financial Services LLC purchased a new position in Clough Global Dividend and Income Fund during the fourth quarter worth about $230,000. Raymond James Financial Inc. purchased a new position in Clough Global Dividend and Income Fund during the fourth quarter worth about $328,000. Sanctuary Advisors LLC lifted its position in Clough Global Dividend and Income Fund by 300.1% during the third quarter. Sanctuary Advisors LLC now owns 98,310 shares of the investment management company’s stock worth $562,000 after buying an additional 73,740 shares during the period. Finally, Alpine Global Management LLC lifted its position in Clough Global Dividend and Income Fund by 44.9% during the fourth quarter. Alpine Global Management LLC now owns 140,000 shares of the investment management company’s stock worth $760,000 after buying an additional 43,351 shares during the period.

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.