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

Clough Global Dividend and Income Fund (NYSEAMERICAN:GLV) shares crossed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $5.98 and traded as high as $6.25. Clough Global Dividend and Income Fund shares last traded at $6.19, with a volume of 30,886 shares traded.

Clough Global Dividend and Income Fund Stock Down 0.8%

The stock has a 50 day simple moving average of $5.98 and a two-hundred day simple moving average of $5.73.

Clough Global Dividend and Income Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Wednesday, December 31st. Investors of record on Wednesday, December 17th will be paid a dividend of $0.0526 per share. The ex-dividend date is Wednesday, December 17th. This represents a c) dividend on an annualized basis and a yield of 10.2%.

Institutional Investors Weigh In On Clough Global Dividend and Income Fund

A number of institutional investors and hedge funds have recently made changes to their positions in the business. NWF Advisory Services Inc. grew its holdings in shares of Clough Global Dividend and Income Fund by 144.2% during the third quarter. NWF Advisory Services Inc. now owns 25,400 shares of the investment management company’s stock worth $151,000 after buying an additional 15,000 shares during the last quarter. TrueMark Investments LLC acquired a new position in shares of Clough Global Dividend and Income Fund in the third quarter valued at approximately $359,000. North Ground Capital raised its stake in shares of Clough Global Dividend and Income Fund by 7.9% during the third quarter. North Ground Capital now owns 313,031 shares of the investment management company’s stock worth $1,863,000 after purchasing an additional 22,932 shares during the last quarter. Blue Bell Private Wealth Management LLC raised its stake in shares of Clough Global Dividend and Income Fund by 55.3% during the third quarter. Blue Bell Private Wealth Management LLC now owns 128,751 shares of the investment management company’s stock worth $766,000 after purchasing an additional 45,841 shares during the last quarter. Finally, Osaic Holdings Inc. grew its position in Clough Global Dividend and Income Fund by 5,017.2% in the 2nd quarter. Osaic Holdings Inc. now owns 39,505 shares of the investment management company’s stock valued at $224,000 after buying an additional 38,733 shares during the last quarter.

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.