Clough Global Dividend and Income Fund (NYSEAMERICAN:GLV) Shares Pass Above Fifty Day Moving Average – Here’s What Happened

Clough Global Dividend and Income Fund (NYSEAMERICAN:GLV)’s share price passed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $6.05 and traded as high as $6.29. Clough Global Dividend and Income Fund shares last traded at $6.28, with a volume of 48,743 shares changing hands.

Clough Global Dividend and Income Fund Price Performance

The stock has a 50-day moving average price of $6.05 and a 200 day moving average price of $6.11.

Clough Global Dividend and Income Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Wednesday, June 17th will be given a $0.0566 dividend. The ex-dividend date is Wednesday, June 17th. This represents a c) dividend on an annualized basis and a dividend yield of 10.8%.

Institutional Trading of Clough Global Dividend and Income Fund

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Rivernorth Capital Management LLC increased its position in shares of Clough Global Dividend and Income Fund by 0.3% in the fourth quarter. Rivernorth Capital Management LLC now owns 537,382 shares of the investment management company’s stock valued at $3,208,000 after buying an additional 1,605 shares in the last quarter. TrueMark Investments LLC increased its position in shares of Clough Global Dividend and Income Fund by 5.4% in the first quarter. TrueMark Investments LLC now owns 65,090 shares of the investment management company’s stock valued at $385,000 after buying an additional 3,312 shares in the last quarter. Raymond James Financial Inc. increased its position in shares of Clough Global Dividend and Income Fund by 6.3% in the second quarter. Raymond James Financial Inc. now owns 67,058 shares of the investment management company’s stock valued at $381,000 after buying an additional 3,948 shares in the last quarter. NWF Advisory Services Inc. increased its position in shares of Clough Global Dividend and Income Fund by 9.7% during the first quarter. NWF Advisory Services Inc. now owns 45,300 shares of the investment management company’s stock worth $268,000 after purchasing an additional 4,000 shares in the last quarter. Finally, Gamco Investors INC. ET AL purchased a new stake in shares of Clough Global Dividend and Income Fund during the fourth quarter worth approximately $60,000.

Clough Global Dividend and Income Fund Company Profile

Clough Global Dividend and Income Fund (NYSEAMERICAN: GLV) is a closed-end management investment company designed to provide investors with a combination of high current income and the potential for long-term capital appreciation. The fund pursues its objectives by investing primarily in dividend-paying equity securities of companies located throughout developed and emerging markets. In addition to its global equity allocation, Clough Global Dividend and Income Fund may allocate a portion of its assets to fixed-income instruments, including high-yield corporate bonds and preferred securities, to enhance current income potential.

Established in 2016, the fund is advised by Clough Capital Partners, L.P., an investment management firm headquartered in Greenwood Village, Colorado.