Clough Global Dividend and Income Fund (NYSEAMERICAN:GLV) Shares Cross Above Fifty Day Moving Average – What’s Next?

Shares of Clough Global Dividend and Income Fund (NYSEAMERICAN:GLV) crossed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $6.17 and traded as high as $6.30. Clough Global Dividend and Income Fund shares last traded at $6.28, with a volume of 21,218 shares trading hands.

Clough Global Dividend and Income Fund Stock Up 1.0%

The firm’s fifty day moving average is $6.17 and its two-hundred day moving average is $6.02.

Clough Global Dividend and Income Fund Announces Dividend

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

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Saba Capital Management L.P. grew its holdings in Clough Global Dividend and Income Fund by 38.6% during the 4th quarter. Saba Capital Management L.P. now owns 870,736 shares of the investment management company’s stock valued at $5,198,000 after buying an additional 242,420 shares in the last quarter. Rivernorth Capital Management LLC lifted its holdings in shares of Clough Global Dividend and Income Fund by 0.3% in the fourth quarter. Rivernorth Capital Management LLC now owns 537,382 shares of the investment management company’s stock worth $3,208,000 after buying an additional 1,605 shares in the last quarter. Evolve Private Wealth LLC purchased a new position in shares of Clough Global Dividend and Income Fund in the fourth quarter worth $431,000. Almitas Capital LLC bought a new position in shares of Clough Global Dividend and Income Fund during the fourth quarter worth $115,000. Finally, Osaic Holdings Inc. grew its stake in Clough Global Dividend and Income Fund by 18.7% during the fourth quarter. Osaic Holdings Inc. now owns 63,536 shares of the investment management company’s stock valued at $379,000 after acquiring an additional 10,019 shares in the last quarter.

Clough Global Dividend and Income Fund Company Profile

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.