Clough Global Equity Fund (NYSEAMERICAN:GLQ – Get Free Report) announced a monthly dividend on Tuesday, July 7th. Stockholders of record on Tuesday, August 18th will be given a dividend of 0.0729 per share by the investment management company on Monday, August 31st. This represents a c) dividend on an annualized basis and a dividend yield of 10.3%. The ex-dividend date of this dividend is Tuesday, August 18th.
Clough Global Equity Fund Stock Performance
Shares of GLQ stock traded down $0.15 during midday trading on Tuesday, hitting $8.53. 45,795 shares of the company were exchanged, compared to its average volume of 76,971. Clough Global Equity Fund has a 52 week low of $7.08 and a 52 week high of $8.75. The firm’s 50 day moving average price is $8.43 and its two-hundred day moving average price is $8.10.
Institutional Investors Weigh In On Clough Global Equity Fund
A number of institutional investors have recently made changes to their positions in GLQ. PNC Financial Services Group Inc. bought a new position in Clough Global Equity Fund in the first quarter valued at approximately $56,000. XTX Topco Ltd bought a new stake in Clough Global Equity Fund during the fourth quarter valued at $101,000. B. Riley Wealth Advisors Inc. bought a new position in Clough Global Equity Fund during the second quarter worth $107,000. Wolverine Asset Management LLC lifted its holdings in shares of Clough Global Equity Fund by 68.8% in the 4th quarter. Wolverine Asset Management LLC now owns 17,249 shares of the investment management company’s stock worth $132,000 after purchasing an additional 7,030 shares in the last quarter. Finally, Citadel Advisors LLC boosted its position in shares of Clough Global Equity Fund by 54.5% during the third quarter. Citadel Advisors LLC now owns 30,420 shares of the investment management company’s stock valued at $231,000 after buying an additional 10,734 shares during the last quarter.
Clough Global Equity Fund Company Profile
Clough Global Equity Fund (NYSE American: GLQ) is a closed-end management investment company that seeks long-term capital appreciation through a diversified portfolio of global equity securities. The fund’s primary objective is to invest in a concentrated selection of companies across both developed and emerging markets, providing U.S. investors with access to international growth opportunities alongside domestic equities. Its shares trade on the NYSE American exchange, offering investors liquidity and the potential benefits of a closed-end structure.
The fund adopts a bottom-up, fundamental research approach to identify high-quality companies trading at attractive valuations.
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