Clough Global Dividend and Income Fund (NYSEAMERICAN:GLV) Stock Price Passes Below 50 Day Moving Average – Time to Sell?

Clough Global Dividend and Income Fund (NYSEAMERICAN:GLV) shares passed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $6.40 and traded as low as $6.25. Clough Global Dividend and Income Fund shares last traded at $6.29, with a volume of 41,292 shares.

Clough Global Dividend and Income Fund Stock Down 0.2%

The company’s 50 day moving average price is $6.40 and its 200-day moving average price is $6.23.

Clough Global Dividend and Income Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Thursday, September 17th will be given a $0.0566 dividend. This represents a c) dividend on an annualized basis and a yield of 10.8%. The ex-dividend date of this dividend is Thursday, September 17th.

Hedge Funds Weigh In On Clough Global Dividend and Income Fund

Several hedge funds have recently modified their holdings of the company. Fifth Third Bancorp purchased a new position in shares of Clough Global Dividend and Income Fund in the 1st quarter worth approximately $112,000. Evolve Private Wealth LLC purchased a new position in Clough Global Dividend and Income Fund in the fourth quarter worth $431,000. Almitas Capital LLC purchased a new position in Clough Global Dividend and Income Fund in the fourth quarter worth $115,000. Osaic Holdings Inc. boosted its position in Clough Global Dividend and Income Fund by 18.7% in the fourth quarter. Osaic Holdings Inc. now owns 63,536 shares of the investment management company’s stock worth $379,000 after purchasing an additional 10,019 shares during the last quarter. Finally, Elevation Point Wealth Partners LLC bought a new position in Clough Global Dividend and Income Fund in the 3rd quarter valued at $95,000.

About Clough Global Dividend and Income Fund

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.