Clough Global Opportunities Fund (NYSEAMERICAN:GLO) Stock Passes Above 50-Day Moving Average – Here’s Why

Clough Global Opportunities Fund (NYSEAMERICAN:GLO)’s share price crossed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $0.00 and traded as high as $5.28. Clough Global Opportunities Fund shares last traded at $5.18, with a volume of 109,344 shares traded.

Clough Global Opportunities Fund Trading Down 1.1 %

Clough Global Opportunities Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, December 30th. Stockholders of record on Monday, December 16th will be issued a dividend of $0.048 per share. The ex-dividend date is Monday, December 16th. This represents a $0.58 dividend on an annualized basis and a dividend yield of 11.12%.

Institutional Trading of Clough Global Opportunities Fund

Institutional investors have recently modified their holdings of the company. Benjamin Edwards Inc. purchased a new position in Clough Global Opportunities Fund in the third quarter valued at about $65,000. Evernest Financial Advisors LLC raised its holdings in shares of Clough Global Opportunities Fund by 61.2% during the 2nd quarter. Evernest Financial Advisors LLC now owns 17,298 shares of the investment management company’s stock valued at $93,000 after buying an additional 6,568 shares during the period. Sanctuary Advisors LLC acquired a new position in Clough Global Opportunities Fund during the 2nd quarter worth approximately $149,000. Concurrent Investment Advisors LLC lifted its position in Clough Global Opportunities Fund by 9.6% during the 3rd quarter. Concurrent Investment Advisors LLC now owns 34,917 shares of the investment management company’s stock worth $190,000 after acquiring an additional 3,070 shares in the last quarter. Finally, Blue Bell Private Wealth Management LLC boosted its holdings in Clough Global Opportunities Fund by 76.2% in the 2nd quarter. Blue Bell Private Wealth Management LLC now owns 39,885 shares of the investment management company’s stock worth $215,000 after acquiring an additional 17,244 shares during the period.

About Clough Global Opportunities Fund

Clough Global Opportunities Fund is a closed ended balanced mutual fund launched and managed by Clough Capital Partners L.P. It invests in public equity and fixed income markets across the globe. The fund invests in securities of companies operating across diversified sectors. For its fixed income portion, the fund invests in both investment grade and non-investment grade issues.