Clough Global Dividend and Income Fund (NYSEAMERICAN:GLV) Shares Cross Above Fifty Day Moving Average – Here’s Why

Clough Global Dividend and Income Fund (NYSEAMERICAN:GLV) crossed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $6.05 and traded as high as $6.29. Clough Global Dividend and Income Fund shares last traded at $6.28, with a volume of 48,743 shares changing hands.

Clough Global Dividend and Income Fund Trading Up 0.3%

The firm’s fifty day moving average price is $6.05 and its two-hundred day moving average price is $6.10.

Clough Global Dividend and Income Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Wednesday, June 17th will be issued a dividend of $0.0566 per share. The ex-dividend date is Wednesday, June 17th. This represents a c) annualized dividend and a dividend yield of 10.8%.

Institutional Investors Weigh In On Clough Global Dividend and Income Fund

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Rivernorth Capital Management LLC raised its holdings in shares of Clough Global Dividend and Income Fund by 0.3% in the 4th quarter. Rivernorth Capital Management LLC now owns 537,382 shares of the investment management company’s stock worth $3,208,000 after acquiring an additional 1,605 shares during the last quarter. TrueMark Investments LLC raised its holdings in shares of Clough Global Dividend and Income Fund by 5.4% in the 1st quarter. TrueMark Investments LLC now owns 65,090 shares of the investment management company’s stock worth $385,000 after acquiring an additional 3,312 shares during the last quarter. Raymond James Financial Inc. raised its holdings 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 acquiring an additional 3,948 shares during the last quarter. NWF Advisory Services Inc. raised its holdings in shares of Clough Global Dividend and Income Fund by 9.7% in the 1st quarter. NWF Advisory Services Inc. now owns 45,300 shares of the investment management company’s stock worth $268,000 after acquiring an additional 4,000 shares during the last quarter. Finally, Gamco Investors INC. ET AL acquired a new stake in shares of Clough Global Dividend and Income Fund in the 4th quarter worth about $60,000.

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.