Clough Global Dividend and Income Fund (NYSEAMERICAN:GLV) Stock Passes Above 50-Day Moving Average – Should You Sell?

Clough Global Dividend and Income Fund (NYSEAMERICAN:GLV) shares crossed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $6.07 and traded as high as $6.27. Clough Global Dividend and Income Fund shares last traded at $6.22, with a volume of 19,438 shares trading hands.

Clough Global Dividend and Income Fund Stock Performance

The company has a 50 day moving average price of $6.07 and a 200-day moving average price of $6.11.

Clough Global Dividend and Income Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Tuesday, June 30th. Investors of record on Wednesday, June 17th will be given a dividend of $0.0566 per share. The ex-dividend date is Wednesday, June 17th. This represents a c) annualized dividend and a dividend yield of 10.9%.

Institutional Investors Weigh In On Clough Global Dividend and Income Fund

Several hedge funds have recently added to or reduced their stakes in the stock. Gamco Investors INC. ET AL bought a new position in shares of Clough Global Dividend and Income Fund during the fourth quarter valued at $60,000. Closed End Fund Advisors Inc. bought a new position in shares of Clough Global Dividend and Income Fund during the fourth quarter valued at $86,000. Elevation Point Wealth Partners LLC bought a new position in shares of Clough Global Dividend and Income Fund during the third quarter valued at $95,000. Fifth Third Bancorp bought a new position in shares of Clough Global Dividend and Income Fund during the first quarter valued at $112,000. Finally, Almitas Capital LLC bought a new position in shares of Clough Global Dividend and Income Fund during the fourth quarter valued at $115,000.

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.