Clough Global Dividend and Income Fund (NYSEAMERICAN:GLV) Shares Pass Above Fifty Day Moving Average – What’s Next?

Clough Global Dividend and Income Fund (NYSEAMERICAN:GLV) passed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $6.21 and traded as high as $6.24. Clough Global Dividend and Income Fund shares last traded at $6.08, with a volume of 40,562 shares trading hands.

Clough Global Dividend and Income Fund Stock Performance

The company’s fifty day simple moving average is $6.21 and its two-hundred day simple moving average is $6.04.

Clough Global Dividend and Income Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Tuesday, March 31st. Investors of record on Wednesday, March 18th will be issued 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, March 18th.

Hedge Funds Weigh In On Clough Global Dividend and Income Fund

A number of hedge funds have recently added to or reduced their stakes in the stock. Alpine Global Management LLC bought a new stake in Clough Global Dividend and Income Fund during the 3rd quarter worth approximately $1,620,000. Saba Capital Management L.P. boosted its position in shares of 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 valued at $5,198,000 after buying an additional 242,420 shares during the last quarter. Advisors Asset Management Inc. bought a new stake in Clough Global Dividend and Income Fund during the fourth quarter worth $835,000. Evolve Private Wealth LLC purchased a new stake in Clough Global Dividend and Income Fund in the 4th quarter valued at $431,000. Finally, TrueMark Investments LLC bought a new position in Clough Global Dividend and Income Fund during the 3rd quarter valued at $359,000.

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.