Clough Global Dividend and Income Fund (NYSEAMERICAN:GLV) Shares Pass Above 50 Day Moving Average – What’s Next?

Clough Global Dividend and Income Fund (NYSEAMERICAN:GLV) crossed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $0.00 and traded as high as $5.94. Clough Global Dividend and Income Fund shares last traded at $5.94, with a volume of 39,715 shares changing hands.

Clough Global Dividend and Income Fund Price Performance

Clough Global Dividend and Income Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Monday, December 30th. Stockholders of record on Monday, December 16th will be issued a dividend of $0.0526 per share. This represents a $0.63 annualized dividend and a dividend yield of 10.68%. The ex-dividend date of this dividend is Monday, December 16th.

Hedge Funds Weigh In On Clough Global Dividend and Income Fund

Several institutional investors and hedge funds have recently bought and sold shares of GLV. Sanctuary Advisors LLC acquired a new position in shares of Clough Global Dividend and Income Fund during the 2nd quarter valued at about $132,000. Blue Bell Private Wealth Management LLC bought a new stake in Clough Global Dividend and Income Fund during the second quarter worth approximately $193,000. Shaker Financial Services LLC boosted its position in Clough Global Dividend and Income Fund by 254.1% during the second quarter. Shaker Financial Services LLC now owns 64,508 shares of the investment management company’s stock worth $368,000 after purchasing an additional 46,293 shares during the period. Almitas Capital LLC grew its holdings in Clough Global Dividend and Income Fund by 57.7% during the second quarter. Almitas Capital LLC now owns 223,367 shares of the investment management company’s stock valued at $1,273,000 after purchasing an additional 81,718 shares during the last quarter. Finally, Cornerstone Advisors LLC raised its position in shares of Clough Global Dividend and Income Fund by 4.7% in the second quarter. Cornerstone Advisors LLC now owns 254,943 shares of the investment management company’s stock valued at $1,453,000 after purchasing an additional 11,436 shares during the period.

About Clough Global Dividend and Income Fund

Clough Global Dividend and Income Fund is a closed ended balanced mutual fund launched and managed by Clough Capital Partners L.P. The fund primarily invests in the public equity and fixed income markets across the globe. It seeks to invest in securities of companies operating across diversified sectors.