Clough Global Dividend and Income Fund (NYSEAMERICAN:GLV) Share Price Passes Above 50-Day Moving Average – Here’s What Happened

Clough Global Dividend and Income Fund (NYSEAMERICAN:GLVGet Free Report)’s share price passed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $6.07 and traded as high as $6.27. Clough Global Dividend and Income Fund shares last traded at $6.22, with a volume of 19,438 shares changing hands.

Clough Global Dividend and Income Fund Trading Up 0.6%

The company has a 50-day moving average of $6.07 and a 200-day moving average of $6.11.

Clough Global Dividend and Income Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Wednesday, June 17th will be given a dividend of $0.0566 per share. This represents a c) dividend on an annualized basis and a yield of 10.9%. The ex-dividend date of this dividend is Wednesday, June 17th.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the company. Rivernorth Capital Management LLC raised its holdings in Clough Global Dividend and Income Fund by 0.3% during the 4th quarter. Rivernorth Capital Management LLC now owns 537,382 shares of the investment management company’s stock worth $3,208,000 after purchasing an additional 1,605 shares during the last quarter. TrueMark Investments LLC increased its stake in shares of Clough Global Dividend and Income Fund by 5.4% in the 1st quarter. TrueMark Investments LLC now owns 65,090 shares of the investment management company’s stock valued at $385,000 after acquiring an additional 3,312 shares in the last quarter. Raymond James Financial Inc. increased its stake in shares of Clough Global Dividend and Income Fund by 6.3% in the 2nd quarter. Raymond James Financial Inc. now owns 67,058 shares of the investment management company’s stock valued at $381,000 after acquiring an additional 3,948 shares in the last quarter. NWF Advisory Services Inc. increased its stake in shares of Clough Global Dividend and Income Fund by 9.7% in the 1st quarter. NWF Advisory Services Inc. now owns 45,300 shares of the investment management company’s stock valued at $268,000 after acquiring an additional 4,000 shares in the last quarter. Finally, Gamco Investors INC. ET AL bought a new stake in shares of Clough Global Dividend and Income Fund in the 4th quarter valued at $60,000.

Clough Global Dividend and Income Fund Company Profile

(Get Free Report)

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.

Further Reading

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