Clough Global Dividend and Income Fund (NYSEAMERICAN:GLV) Shares Pass Above 50 Day Moving Average – Here’s Why
by Amy Steele · The Cerbat GemClough Global Dividend and Income Fund (NYSEAMERICAN:GLV – Get Free Report) shares crossed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $6.11 and traded as high as $6.16. Clough Global Dividend and Income Fund shares last traded at $6.11, with a volume of 26,086 shares traded.
Clough Global Dividend and Income Fund Trading Down 0.2%
The firm has a 50-day moving average of $6.11 and a 200-day moving average of $6.08.
Clough Global Dividend and Income Fund Announces Dividend
The business 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. This represents a c) annualized dividend and a yield of 11.1%. The ex-dividend date is Wednesday, June 17th.
Institutional Investors Weigh In On Clough Global Dividend and Income Fund
A number of large investors have recently made changes to their positions in GLV. Royal Bank of Canada grew its position in shares of Clough Global Dividend and Income Fund by 2.7% in the 1st quarter. Royal Bank of Canada now owns 749,568 shares of the investment management company’s stock worth $4,096,000 after buying an additional 19,977 shares during the last quarter. Raymond James Financial Inc. grew its position in shares of Clough Global Dividend and Income Fund by 6.3% in the 2nd quarter. Raymond James Financial Inc. now owns 67,058 shares of the investment management company’s stock worth $381,000 after buying an additional 3,948 shares during the last quarter. Osaic Holdings Inc. grew its position in shares of Clough Global Dividend and Income Fund by 5,017.2% in the 2nd quarter. Osaic Holdings Inc. now owns 39,505 shares of the investment management company’s stock worth $224,000 after buying an additional 38,733 shares during the last quarter. Blue Bell Private Wealth Management LLC grew its position in shares of Clough Global Dividend and Income Fund by 55.3% in the 3rd quarter. Blue Bell Private Wealth Management LLC now owns 128,751 shares of the investment management company’s stock worth $766,000 after buying an additional 45,841 shares during the last quarter. Finally, North Ground Capital grew its position in shares of Clough Global Dividend and Income Fund by 7.9% in the 3rd quarter. North Ground Capital now owns 313,031 shares of the investment management company’s stock worth $1,863,000 after buying an additional 22,932 shares during the last quarter.
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.