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) shares crossed above its 50 day moving average during trading on Wednesday . The stock has a 50 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 stock’s 50-day simple moving average is $6.05 and its 200 day simple moving average is $6.10.

Clough Global Dividend and Income Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Wednesday, June 17th will be given a dividend of $0.0566 per share. The ex-dividend date of this dividend is Wednesday, June 17th. This represents a c) dividend on an annualized basis and a yield of 10.8%.

Hedge Funds Weigh In On Clough Global Dividend and Income Fund

Several institutional investors have recently made changes to their positions in GLV. Gamco Investors INC. ET AL acquired a new position in shares of Clough Global Dividend and Income Fund during the fourth quarter valued at about $60,000. Closed End Fund Advisors Inc. acquired a new position in shares of Clough Global Dividend and Income Fund during the fourth quarter valued at about $86,000. Elevation Point Wealth Partners LLC acquired a new position in shares of Clough Global Dividend and Income Fund during the third quarter valued at about $95,000. Fifth Third Bancorp acquired a new position in shares of Clough Global Dividend and Income Fund during the first quarter valued at about $112,000. Finally, Almitas Capital LLC acquired a new position in shares of Clough Global Dividend and Income Fund during the fourth quarter valued at about $115,000.

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.