Clough Global Equity Fund (NYSEAMERICAN:GLQ) Stock Crosses Below Two Hundred Day Moving Average – Time to Sell?

Clough Global Equity Fund (NYSEAMERICAN:GLQ – Get Free Report) passed below its 200-day moving average during trading on Wednesday. The stock has a 200-day moving average of $8.14 and traded as low as $7.39. Clough Global Equity Fund shares last traded at $7.40, with a volume of 55,948 shares trading hands.

Clough Global Equity Fund Stock Down 1.2%

The stock’s 50 day moving average is $7.88 and its 200-day moving average is $8.14.

Clough Global Equity Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Thursday, December 31st. Shareholders of record on Thursday, December 17th will be issued a dividend of $0.0729 per share. The ex-dividend date is Thursday, December 17th. This represents a $0.87 dividend on an annualized basis and a dividend yield of 11.8%.

Institutional Investors Weigh In On Clough Global Equity Fund

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Shaker Financial Services LLC grew its position in shares of Clough Global Equity Fund by 73.0% in the 3rd quarter. Shaker Financial Services LLC now owns 20,882 shares of the investment management company’s stock worth $156,000 after buying an additional 8,812 shares during the period. Concurrent Investment Advisors LLC purchased a new position in Clough Global Equity Fund during the 2nd quarter valued at about $158,000. Almitas Capital LLC purchased a new position in Clough Global Equity Fund during the 2nd quarter valued at about $2,855,000. Bank of America Corp DE bought a new stake in Clough Global Equity Fund during the second quarter worth about $2,984,000. Finally, North Ground Capital bought a new stake in Clough Global Equity Fund during the second quarter worth about $767,990.

Clough Global Equity Fund Company Profile

(Get Free Report)

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.

Further Reading

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