Clough Global Dividend and Income Fund (NYSEAMERICAN:GLV) Shares Cross Above 50-Day Moving Average – Time to Sell?

Clough Global Dividend and Income Fund (NYSEAMERICAN:GLV) shares crossed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $0.00 and traded as high as $5.82. Clough Global Dividend and Income Fund shares last traded at $5.74, with a volume of 29,884 shares.

Clough Global Dividend and Income Fund Stock Performance

Clough Global Dividend and Income Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Monday, December 30th. Stockholders of record on Monday, December 16th will be issued a dividend of $0.0526 per share. The ex-dividend date is Monday, December 16th. This represents a $0.63 annualized dividend and a dividend yield of 11.00%.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the company. Almitas Capital LLC lifted its position in Clough Global Dividend and Income Fund by 57.7% in the second quarter. Almitas Capital LLC now owns 223,367 shares of the investment management company’s stock valued at $1,273,000 after buying an additional 81,718 shares during the last quarter. Shaker Financial Services LLC grew its position in shares of 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 worth $368,000 after acquiring an additional 46,293 shares during the last quarter. Blue Bell Private Wealth Management LLC purchased a new position in Clough Global Dividend and Income Fund during the second quarter worth about $193,000. Sanctuary Advisors LLC purchased a new stake in shares of Clough Global Dividend and Income Fund in the second quarter valued at approximately $132,000. Finally, Cornerstone Advisors LLC boosted its position in shares of Clough Global Dividend and Income Fund by 4.7% during the 2nd quarter. Cornerstone Advisors LLC now owns 254,943 shares of the investment management company’s stock worth $1,453,000 after purchasing an additional 11,436 shares in 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.