Clough Global Dividend and Income Fund (NYSEAMERICAN:GLV) Share Price Passes Above Fifty Day Moving Average – Here’s Why

Clough Global Dividend and Income Fund (NYSEAMERICAN:GLV) shares passed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $5.43 and traded as high as $5.44. Clough Global Dividend and Income Fund shares last traded at $5.41, with a volume of 6,190 shares.

Clough Global Dividend and Income Fund Price Performance

The firm has a fifty day simple moving average of $5.43.

Clough Global Dividend and Income Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Monday, March 31st. Stockholders of record on Tuesday, March 18th will be given a dividend of $0.0526 per share. This represents a $0.63 annualized dividend and a dividend yield of 11.67%. The ex-dividend date of this dividend is Tuesday, March 18th.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the stock. Alpine Global Management LLC lifted its holdings in Clough Global Dividend and Income Fund by 44.9% during the 4th quarter. Alpine Global Management LLC now owns 140,000 shares of the investment management company’s stock worth $760,000 after buying an additional 43,351 shares in the last quarter. CF Capital LLC purchased a new position in Clough Global Dividend and Income Fund in the fourth quarter valued at approximately $864,000. Shaker Financial Services LLC acquired a new stake in Clough Global Dividend and Income Fund during the 4th quarter worth $230,000. Gamco Investors INC. ET AL purchased a new stake in shares of Clough Global Dividend and Income Fund in the 4th quarter valued at about $54,000. Finally, Raymond James Financial Inc. purchased a new stake in Clough Global Dividend and Income Fund in the fourth quarter valued at approximately $328,000.

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.