Clough Global Dividend and Income Fund (NYSEAMERICAN:GLV) Stock Passes Below 50-Day Moving Average – What’s Next?

Clough Global Dividend and Income Fund (NYSEAMERICAN:GLVGet Free Report)’s share price crossed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $6.40 and traded as low as $6.25. Clough Global Dividend and Income Fund shares last traded at $6.29, with a volume of 41,292 shares traded.

Clough Global Dividend and Income Fund Price Performance

The business has a 50-day moving average of $6.41 and a 200 day moving average of $6.24.

Clough Global Dividend and Income Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Thursday, September 17th will be paid a $0.0566 dividend. The ex-dividend date is Thursday, September 17th. This represents a c) annualized dividend and a dividend yield of 10.7%.

Institutional Trading of Clough Global Dividend and Income Fund

Several institutional investors and hedge funds have recently made changes to their positions in the company. Royal Bank of Canada lifted its position in shares of Clough Global Dividend and Income Fund by 2.7% during the first quarter. Royal Bank of Canada now owns 749,568 shares of the investment management company’s stock valued at $4,096,000 after purchasing an additional 19,977 shares in the last quarter. Raymond James Financial Inc. boosted its holdings in Clough Global Dividend and Income Fund by 6.3% during the second quarter. Raymond James Financial Inc. now owns 67,058 shares of the investment management company’s stock worth $381,000 after purchasing an additional 3,948 shares during the last quarter. 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 worth $224,000 after purchasing an additional 38,733 shares in the last quarter. Elevation Point Wealth Partners LLC bought a new stake in Clough Global Dividend and Income Fund in the 3rd quarter worth about $95,000. Finally, Shaker Financial Services LLC increased its stake in Clough Global Dividend and Income Fund by 16.1% in the 4th quarter. Shaker Financial Services LLC now owns 86,114 shares of the investment management company’s stock valued at $514,000 after buying an additional 11,930 shares during the last quarter.

About Clough Global Dividend and Income Fund

(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

Receive News & Ratings for Clough Global Dividend and Income Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Clough Global Dividend and Income Fund and related companies with MarketBeat.com's FREE daily email newsletter.