Clough Global Dividend and Income Fund (NYSEAMERICAN:GLV) Share Price Passes Below 50-Day Moving Average – Time to Sell?

Clough Global Dividend and Income Fund (NYSEAMERICAN:GLV) shares passed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $5.85 and traded as low as $5.84. Clough Global Dividend and Income Fund shares last traded at $5.88, with a volume of 33,318 shares.

Clough Global Dividend and Income Fund Stock Performance

The business has a fifty day moving average of $5.85 and a 200-day moving average of $5.62.

Clough Global Dividend and Income Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Wednesday, December 17th will be paid a $0.0526 dividend. This represents a c) dividend on an annualized basis and a yield of 10.7%. The ex-dividend date is Wednesday, December 17th.

Hedge Funds Weigh In On Clough Global Dividend and Income Fund

Institutional investors have recently added to or reduced their stakes in the business. Wolverine Asset Management LLC bought a new position in Clough Global Dividend and Income Fund in the 1st quarter worth about $45,000. Allworth Financial LP bought a new position in Clough Global Dividend and Income Fund in the 2nd quarter worth about $51,000. NWF Advisory Services Inc. bought a new position in Clough Global Dividend and Income Fund in the 2nd quarter worth about $59,000. Transcend Capital Advisors LLC bought a new position in Clough Global Dividend and Income Fund in the 1st quarter worth about $87,000. Finally, Osaic Holdings Inc. increased its stake 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 acquiring an additional 38,733 shares during the last quarter.

Clough Global Dividend and Income Fund Company Profile

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.