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

Clough Global Dividend and Income Fund (NYSEAMERICAN:GLV) shares passed 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 $5.57. Clough Global Dividend and Income Fund shares last traded at $5.55, with a volume of 16,473 shares trading hands.

Clough Global Dividend and Income Fund Trading Up 0.9 %

Clough Global Dividend and Income Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Monday, March 31st. Shareholders of record on Tuesday, March 18th will be given a $0.0526 dividend. The ex-dividend date of this dividend is Tuesday, March 18th. This represents a $0.63 annualized dividend and a yield of 11.37%.

Hedge Funds Weigh In On Clough Global Dividend and Income Fund

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Rivernorth Capital Management LLC raised its stake in shares of Clough Global Dividend and Income Fund by 2.8% in the 3rd quarter. Rivernorth Capital Management LLC now owns 369,753 shares of the investment management company’s stock valued at $2,178,000 after buying an additional 10,197 shares in the last quarter. Almitas Capital LLC raised its position in Clough Global Dividend and Income Fund by 57.7% in the second quarter. Almitas Capital LLC now owns 223,367 shares of the investment management company’s stock worth $1,273,000 after purchasing an additional 81,718 shares in the last quarter. Finally, Sanctuary Advisors LLC lifted its stake in Clough Global Dividend and Income Fund by 300.1% during the third quarter. Sanctuary Advisors LLC now owns 98,310 shares of the investment management company’s stock worth $562,000 after purchasing an additional 73,740 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.