Clough Global Dividend and Income Fund (NYSEAMERICAN:GLV) Shares Pass Above Fifty Day Moving Average – Should You Sell?

Shares of Clough Global Dividend and Income Fund (NYSEAMERICAN:GLV) 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 $5.82. Clough Global Dividend and Income Fund shares last traded at $5.74, with a volume of 29,884 shares traded.

Clough Global Dividend and Income Fund Stock Performance

Clough Global Dividend and Income Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Monday, December 30th. Shareholders of record on Monday, December 16th will be issued a dividend of $0.0526 per share. This represents a $0.63 annualized dividend and a yield of 11.04%. The ex-dividend date of this dividend is Monday, December 16th.

Hedge Funds Weigh In On Clough Global Dividend and Income Fund

A number of institutional investors have recently bought and sold shares of GLV. Shaker Financial Services LLC increased its stake in Clough Global Dividend and Income Fund by 254.1% during the second quarter. Shaker Financial Services LLC now owns 64,508 shares of the investment management company’s stock worth $368,000 after purchasing an additional 46,293 shares during the period. Blue Bell Private Wealth Management LLC acquired a new position in shares of Clough Global Dividend and Income Fund in the second quarter worth $193,000. Cornerstone Advisors LLC increased its position in shares of Clough Global Dividend and Income Fund by 4.7% during the second quarter. Cornerstone Advisors LLC now owns 254,943 shares of the investment management company’s stock worth $1,453,000 after acquiring an additional 11,436 shares during the period. Almitas Capital LLC raised its stake in shares of Clough Global Dividend and Income Fund by 57.7% in the second quarter. Almitas Capital LLC now owns 223,367 shares of the investment management company’s stock valued at $1,273,000 after acquiring an additional 81,718 shares in the last quarter. Finally, Sanctuary Advisors LLC purchased a new position in Clough Global Dividend and Income Fund in the second quarter valued at $132,000.

About Clough Global Dividend and Income Fund

Clough Global Dividend and Income Fund is a closed ended balanced mutual fund launched and managed by Clough Capital Partners L.P. The fund primarily invests in the public equity and fixed income markets across the globe. It seeks to invest in securities of companies operating across diversified sectors.