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

Shares of Clough Global Dividend and Income Fund (NYSEAMERICAN:GLV) passed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $0.00 and traded as high as $5.84. Clough Global Dividend and Income Fund shares last traded at $5.83, with a volume of 21,864 shares trading hands.

Clough Global Dividend and Income Fund Price Performance

Clough Global Dividend and Income Fund Dividend Announcement

The company also recently disclosed a dividend, which was paid on Wednesday, July 31st. Stockholders of record on Monday, July 22nd were given a $0.0526 dividend. The ex-dividend date was Friday, July 19th. This represents a dividend yield of 10.9%.

Hedge Funds Weigh In On Clough Global Dividend and Income Fund

Large investors have recently modified their holdings of the company. Shaker Financial Services LLC lifted its position 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 valued at $368,000 after purchasing an additional 46,293 shares during the last quarter. Blue Bell Private Wealth Management LLC bought a new stake in Clough Global Dividend and Income Fund during the second quarter valued at approximately $193,000. Cornerstone Advisors LLC lifted its position in 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 valued at $1,453,000 after purchasing an additional 11,436 shares during the last quarter. Almitas Capital LLC lifted its position in Clough Global Dividend and Income Fund by 57.7% during the second quarter. Almitas Capital LLC now owns 223,367 shares of the investment management company’s stock valued at $1,273,000 after purchasing an additional 81,718 shares during the last quarter. Finally, Sanctuary Advisors LLC bought a new stake in Clough Global Dividend and Income Fund during the second quarter valued at approximately $132,000.

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.