Clough Global Dividend and Income Fund (NYSEAMERICAN:GLV) Stock Passes Above Fifty Day Moving Average – Here’s What Happened

Clough Global Dividend and Income Fund (NYSEAMERICAN:GLV)’s share price crossed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $0.00 and traded as high as $5.51. Clough Global Dividend and Income Fund shares last traded at $5.50, with a volume of 23,820 shares.

Clough Global Dividend and Income Fund Price Performance

Clough Global Dividend and Income Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Monday, March 31st. Shareholders of record on Tuesday, March 18th will be given a $0.0526 dividend. This represents a $0.63 annualized dividend and a yield of 11.48%. The ex-dividend date is Tuesday, March 18th.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of GLV. Gamco Investors INC. ET AL purchased a new position in Clough Global Dividend and Income Fund in the fourth quarter worth $54,000. Shaker Financial Services LLC acquired a new stake in Clough Global Dividend and Income Fund in the fourth quarter valued at $230,000. Raymond James Financial Inc. acquired a new stake in Clough Global Dividend and Income Fund in the fourth quarter valued at $328,000. Sanctuary Advisors LLC grew its holdings in Clough Global Dividend and Income Fund by 300.1% in the third quarter. Sanctuary Advisors LLC now owns 98,310 shares of the investment management company’s stock valued at $562,000 after purchasing an additional 73,740 shares during the last quarter. Finally, Alpine Global Management LLC grew its holdings in Clough Global Dividend and Income Fund by 44.9% in the fourth quarter. Alpine Global Management LLC now owns 140,000 shares of the investment management company’s stock valued at $760,000 after purchasing an additional 43,351 shares during the last quarter.

Clough Global Dividend and Income Fund Company Profile

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.