Clough Global Dividend and Income Fund (NYSEAMERICAN:GLV) Shares Down 2.4% – Here’s What Happened

Clough Global Dividend and Income Fund (NYSEAMERICAN:GLV)’s stock price was down 2.4% during trading on Thursday. The company traded as low as $5.79 and last traded at $5.81. 39,220 shares changed hands during mid-day trading, a decline of 7% from the average daily volume of 42,224 shares. The stock had previously closed at $5.95.

Clough Global Dividend and Income Fund Price Performance

The company has a 50 day simple moving average of $5.84 and a 200-day simple moving average of $6.14.

Clough Global Dividend and Income Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Thursday, December 31st. Stockholders of record on Thursday, December 17th will be issued a $0.0566 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 11.7%. The ex-dividend date of this dividend is Thursday, December 17th.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of GLV. CoreCap Advisors LLC increased its stake in Clough Global Dividend and Income Fund by 55.7% in the 3rd quarter. CoreCap Advisors LLC now owns 6,985 shares of the investment management company’s stock worth $40,000 after acquiring an additional 2,500 shares during the last quarter. Allworth Financial LP bought a new position in Clough Global Dividend and Income Fund during the 2nd quarter valued at approximately $60,000. Northwestern Mutual Wealth Management Co. bought a new position in Clough Global Dividend and Income Fund in the second quarter worth about $73,000. Elevation Point Wealth Partners LLC bought a new position in Clough Global Dividend and Income Fund in the second quarter worth $106,000. Finally, Fifth Third Bancorp purchased a new stake in Clough Global Dividend and Income Fund in the first quarter worth about $112,000.

About Clough Global Dividend and Income Fund

Clough Global Dividend and Income Fund (NYSE American: GLV) is a closed-end investment fund that seeks to provide investors with current income and long-term capital appreciation. The fund is managed by Clough Capital Partners L.P., an investment management firm focused on global and alternative investment strategies. The fund invests across international markets and may hold a diversified portfolio of dividend-paying common and preferred stocks, income-producing securities, convertible securities, and other investments selected for their income potential and growth prospects.