Clough Global Dividend and Income Fund (NYSEAMERICAN:GLV) Stock Passes Above 50-Day Moving Average of $0.00

Clough Global Dividend and Income Fund (NYSEAMERICAN:GLV)’s share price passed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $0.00 and traded as high as $5.70. Clough Global Dividend and Income Fund shares last traded at $5.66, with a volume of 19,343 shares changing hands.

Clough Global Dividend and Income Fund Price Performance

Clough Global Dividend and Income Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Friday, June 28th. Shareholders of record on Monday, June 17th will be given a dividend of $0.0526 per share. This represents a $0.63 dividend on an annualized basis and a yield of 11.15%. The ex-dividend date is Monday, June 17th.

Institutional Trading of Clough Global Dividend and Income Fund

A hedge fund recently raised its stake in Clough Global Dividend and Income Fund stock. Matisse Capital grew its holdings in shares of Clough Global Dividend and Income Fund (NYSEAMERICAN:GLV) by 538.9% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 278,767 shares of the investment management company’s stock after buying an additional 235,137 shares during the period. Matisse Capital’s holdings in Clough Global Dividend and Income Fund were worth $1,435,000 as of its most recent filing with the SEC.

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.