Clough Global Equity Fund (NYSEAMERICAN:GLQ) Trading 0.5% Higher – Here’s What Happened

Clough Global Equity Fund (NYSEAMERICAN:GLQ) shares shot up 0.5% during mid-day trading on Wednesday . The stock traded as high as $6.95 and last traded at $6.89. 49,769 shares traded hands during mid-day trading, a decline of 32% from the average session volume of 73,667 shares. The stock had previously closed at $6.85.

Clough Global Equity Fund Stock Performance

Clough Global Equity Fund Dividend Announcement

The business also recently declared a — dividend, which will be paid on Monday, December 30th. Stockholders of record on Monday, December 16th will be issued a $0.0603 dividend. This represents a dividend yield of 10.4%. The ex-dividend date is Monday, December 16th.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Benjamin Edwards Inc. bought a new position in shares of Clough Global Equity Fund during the third quarter valued at about $70,000. Walleye Capital LLC purchased a new stake in Clough Global Equity Fund in the third quarter worth about $114,000. Shaker Financial Services LLC grew its stake in Clough Global Equity Fund by 7.5% in the third quarter. Shaker Financial Services LLC now owns 46,990 shares of the investment management company’s stock worth $326,000 after purchasing an additional 3,284 shares during the period. SeaCrest Wealth Management LLC boosted its stake in Clough Global Equity Fund by 5.6% during the third quarter. SeaCrest Wealth Management LLC now owns 60,680 shares of the investment management company’s stock worth $421,000 after acquiring an additional 3,202 shares in the last quarter. Finally, Sanctuary Advisors LLC purchased a new stake in shares of Clough Global Equity Fund in the 2nd quarter worth approximately $325,000.

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.