Clough Global Equity Fund (NYSEAMERICAN:GLQ) Stock Crosses Below Two Hundred Day Moving Average – Time to Sell?

Clough Global Equity Fund (NYSEAMERICAN:GLQ) crossed below its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of $8.13 and traded as low as $7.31. Clough Global Equity Fund shares last traded at $7.36, with a volume of 29,074 shares.

Clough Global Equity Fund Trading Down 0.8%

The stock’s fifty day simple moving average is $7.78 and its 200-day simple moving average is $8.13.

Clough Global Equity Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Thursday, December 31st. Stockholders of record on Thursday, December 17th will be given a dividend of $0.0729 per share. The ex-dividend date of this dividend is Thursday, December 17th. This represents a $0.87 dividend on an annualized basis and a dividend yield of 11.9%.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. PNC Financial Services Group Inc. acquired a new position in shares of Clough Global Equity Fund in the 1st quarter valued at $56,000. Shaker Financial Services LLC lifted its position in shares of Clough Global Equity Fund by 73.0% during the 3rd quarter. Shaker Financial Services LLC now owns 20,882 shares of the investment management company’s stock worth $156,000 after buying an additional 8,812 shares during the period. Concurrent Investment Advisors LLC acquired a new stake in Clough Global Equity Fund in the 2nd quarter valued at $158,000. Sanctuary Advisors LLC acquired a new position in Clough Global Equity Fund during the second quarter worth $197,000. Finally, Cetera Investment Advisers bought a new stake in shares of Clough Global Equity Fund in the 1st quarter worth about $409,000.

About Clough Global Equity Fund

Clough Global Equity Fund is a closed-end investment company listed on the NYSE American under the symbol GLQ. The fund seeks to provide investors with a high level of total return through a combination of current income and capital appreciation.

The fund invests primarily in equity securities issued by companies around the world. Its portfolio may include investments across developed and emerging markets and may also hold fixed-income securities, cash, and other investments as determined by its investment strategy.