Clough Global Equity Fund (NYSEAMERICAN:GLQ) Stock Crosses Above 50-Day Moving Average of $0.00

Clough Global Equity Fund (NYSEAMERICAN:GLQ) crossed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $0.00 and traded as high as $6.91. Clough Global Equity Fund shares last traded at $6.89, with a volume of 71,320 shares changing hands.

Clough Global Equity Fund Stock Performance

Clough Global Equity Fund Dividend Announcement

The business also recently declared a dividend, which was paid on Tuesday, April 30th. Investors of record on Friday, April 19th were given a $0.0603 dividend. The ex-dividend date was Thursday, April 18th. This represents a yield of 11.38%.

Insider Buying and Selling

In related news, insider Charles Clough, Jr. purchased 50,000 shares of the stock in a transaction that occurred on Tuesday, April 30th. The stock was bought at an average cost of $6.36 per share, for a total transaction of $318,000.00. Following the completion of the transaction, the insider now directly owns 440,291 shares in the company, valued at $2,800,250.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Institutional Trading of Clough Global Equity Fund

Hedge funds and other institutional investors have recently bought and sold shares of the business. Blue Bell Private Wealth Management LLC increased its stake in Clough Global Equity Fund by 321.1% in the first quarter. Blue Bell Private Wealth Management LLC now owns 8,000 shares of the investment management company’s stock worth $52,000 after purchasing an additional 6,100 shares during the period. Raymond James & Associates purchased a new stake in Clough Global Equity Fund in the fourth quarter worth $62,000. 180 Wealth Advisors LLC purchased a new stake in Clough Global Equity Fund in the first quarter worth $90,000. B. Riley Wealth Advisors Inc. purchased a new stake in Clough Global Equity Fund in the first quarter worth $137,000. Finally, SeaCrest Wealth Management LLC increased its stake in Clough Global Equity Fund by 10.9% in the first quarter. SeaCrest Wealth Management LLC now owns 63,315 shares of the investment management company’s stock worth $412,000 after purchasing an additional 6,224 shares during the period.

About Clough Global Equity Fund

Clough Global Equity Fund is a closed ended equity mutual fund launched and managed by Clough Capital Partners, L.P. It invests in public equity markets across the globe. The fund seeks to invest in stocks of companies operating across diversified sectors. It employs fundamental and quantitative analysis with a bottom up stock picking approach to create its portfolio, with focus on factors such as a company's competitive position, quality of company management, quality and visibility of earnings and cash flow, balance sheet strength, and relative valuation.