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

Clough Global Dividend and Income Fund (NYSEAMERICAN:GLV)’s share price passed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $6.06 and traded as high as $6.13. Clough Global Dividend and Income Fund shares last traded at $6.09, with a volume of 30,644 shares changing hands.

Clough Global Dividend and Income Fund Price Performance

The business’s 50 day moving average price is $6.06 and its 200-day moving average price is $6.09.

Clough Global Dividend and Income Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Wednesday, June 17th will be paid a $0.0566 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 11.2%. The ex-dividend date is Wednesday, June 17th.

Institutional Investors Weigh In On Clough Global Dividend and Income Fund

Several institutional investors and hedge funds have recently bought and sold shares of GLV. Alpine Global Management LLC acquired a new stake in Clough Global Dividend and Income Fund during the third quarter worth about $1,620,000. Saba Capital Management L.P. raised its stake in Clough Global Dividend and Income Fund by 38.6% during the fourth quarter. Saba Capital Management L.P. now owns 870,736 shares of the investment management company’s stock worth $5,198,000 after acquiring an additional 242,420 shares during the period. Advisors Asset Management Inc. acquired a new stake in Clough Global Dividend and Income Fund during the fourth quarter worth about $835,000. Evolve Private Wealth LLC acquired a new stake in Clough Global Dividend and Income Fund during the fourth quarter worth about $431,000. Finally, TrueMark Investments LLC acquired a new stake in Clough Global Dividend and Income Fund during the third quarter worth about $359,000.

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.