Clough Global Equity Fund (NYSEAMERICAN:GLQ) Declares $0.06 Monthly Dividend

Clough Global Equity Fund (NYSEAMERICAN:GLQ) announced a monthly dividend on Wednesday, July 12th, Wall Street Journal reports. Shareholders of record on Friday, September 22nd will be given a dividend of 0.0599 per share by the investment management company on Friday, September 29th. This represents a $0.72 annualized dividend and a yield of 12.41%. The ex-dividend date is Thursday, September 21st.

Clough Global Equity Fund Trading Up 0.2 %

GLQ opened at $5.79 on Tuesday. Clough Global Equity Fund has a 12 month low of $5.60 and a 12 month high of $8.02.

Insider Buying and Selling

In other news, insider Charles Clough, Jr. acquired 15,000 shares of the business’s stock in a transaction dated Wednesday, August 9th. The stock was bought at an average cost of $6.27 per share, for a total transaction of $94,050.00. Following the completion of the transaction, the insider now owns 400,426 shares of the company’s stock, valued at $2,510,671.02. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Hedge Funds Weigh In On Clough Global Equity Fund

A number of institutional investors have recently added to or reduced their stakes in the business. Bank of America Corp DE lifted its holdings in shares of Clough Global Equity Fund by 10.9% during the 1st quarter. Bank of America Corp DE now owns 612,339 shares of the investment management company’s stock worth $3,711,000 after acquiring an additional 60,276 shares during the last quarter. B. Riley Wealth Advisors Inc. grew its position in Clough Global Equity Fund by 151.4% during the third quarter. B. Riley Wealth Advisors Inc. now owns 46,325 shares of the investment management company’s stock valued at $319,000 after acquiring an additional 27,900 shares during the last quarter. Rivernorth Capital Management LLC raised its stake in shares of Clough Global Equity Fund by 9.7% during the second quarter. Rivernorth Capital Management LLC now owns 288,581 shares of the investment management company’s stock worth $1,801,000 after acquiring an additional 25,441 shares in the last quarter. Morgan Stanley lifted its holdings in shares of Clough Global Equity Fund by 1.2% in the 4th quarter. Morgan Stanley now owns 1,980,412 shares of the investment management company’s stock worth $12,892,000 after acquiring an additional 23,424 shares during the last quarter. Finally, Woodline Partners LP boosted its stake in shares of Clough Global Equity Fund by 78.7% in the 2nd quarter. Woodline Partners LP now owns 45,652 shares of the investment management company’s stock valued at $285,000 after purchasing an additional 20,102 shares in the last quarter.

About Clough Global Equity Fund

Clough Global Equity Fund is a closed ended equity mutual fund launched and managed by Clough Capital Partners, L.P. It invests in public equity markets across the globe. The fund seeks to invest in stocks of companies operating across diversified sectors. It employs fundamental and quantitative analysis with a bottom up stock picking approach to create its portfolio, with focus on factors such as a company's competitive position, quality of company management, quality and visibility of earnings and cash flow, balance sheet strength, and relative valuation.