Clough Global Equity Fund (NYSEAMERICAN:GLQ – Get Free Report) declared a monthly dividend on Wednesday, October 7th. Investors of record on Monday, October 19th will be given a dividend of $0.0729 per share by the investment management company on Friday, October 30th. This represents a $0.87 dividend on an annualized basis and a yield of 11.4%. The ex-dividend date is Monday, October 19th.
Clough Global Equity Fund Stock Down 0.1%
GLQ stock traded down $0.01 during mid-day trading on Wednesday, reaching $7.65. 25,232 shares of the stock traded hands, compared to its average volume of 66,914. The business has a 50-day moving average of $7.97 and a two-hundred day moving average of $8.14. Clough Global Equity Fund has a 52 week low of $7.27 and a 52 week high of $8.75.
Institutional Inflows and Outflows
Large investors have recently modified their holdings of the company. Bank of America Corp DE bought a new position in shares of Clough Global Equity Fund during the 2nd quarter worth about $2,984,000. Almitas Capital LLC bought a new stake in Clough Global Equity Fund in the second quarter valued at about $2,855,000. Royal Bank of Canada increased its stake in Clough Global Equity Fund by 4.0% in the first quarter. Royal Bank of Canada now owns 334,881 shares of the investment management company’s stock valued at $2,522,000 after acquiring an additional 12,806 shares during the period. TrueMark Investments LLC raised its position in Clough Global Equity Fund by 3.2% in the first quarter. TrueMark Investments LLC now owns 202,986 shares of the investment management company’s stock worth $1,528,000 after purchasing an additional 6,233 shares in the last quarter. Finally, Bulldog Investors LLP raised its position in Clough Global Equity Fund by 34.9% in the first quarter. Bulldog Investors LLP now owns 171,906 shares of the investment management company’s stock worth $1,294,000 after purchasing an additional 44,450 shares in the last quarter.
About Clough Global Equity Fund
Clough Global Equity Fund is a closed-end investment company listed on the NYSE American under the symbol GLQ. The fund seeks to provide investors with a high level of total return through a combination of current income and capital appreciation.
The fund invests primarily in equity securities issued by companies around the world. Its portfolio may include investments across developed and emerging markets and may also hold fixed-income securities, cash, and other investments as determined by its investment strategy.
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