Clough Global Equity Fund (NYSEAMERICAN:GLQ) Stock Price Crosses Above 50 Day Moving Average – Here’s What Happened

Clough Global Equity Fund (NYSEAMERICAN:GLQ)’s stock price passed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $0.00 and traded as high as $6.69. Clough Global Equity Fund shares last traded at $6.57, with a volume of 190,312 shares changing hands.

Clough Global Equity Fund Trading Up 1.4 %

Clough Global Equity Fund Announces Dividend

The business also recently disclosed a — dividend, which will be paid on Monday, December 30th. Stockholders of record on Monday, December 16th will be given a dividend of $0.0603 per share. This represents a dividend yield of 10.4%. The ex-dividend date of this dividend is Monday, December 16th.

Hedge Funds Weigh In On Clough Global Equity Fund

A number of hedge funds and other institutional investors have recently modified their holdings of GLQ. Benjamin Edwards Inc. bought a new stake in shares of Clough Global Equity Fund in the 3rd quarter valued at about $70,000. Blue Bell Private Wealth Management LLC lifted its position in Clough Global Equity Fund by 71.2% in the second quarter. Blue Bell Private Wealth Management LLC now owns 13,696 shares of the investment management company’s stock valued at $96,000 after purchasing an additional 5,696 shares during the last quarter. Walleye Capital LLC purchased a new stake in shares of Clough Global Equity Fund during the third quarter valued at approximately $114,000. Sanctuary Advisors LLC bought a new position in shares of Clough Global Equity Fund in the second quarter worth approximately $325,000. Finally, Shaker Financial Services LLC increased its stake in shares of Clough Global Equity Fund by 7.5% in the third quarter. Shaker Financial Services LLC now owns 46,990 shares of the investment management company’s stock worth $326,000 after buying an additional 3,284 shares during the period.

Clough Global Equity Fund Company Profile

Clough Global Equity Fund is a closed ended equity mutual fund launched and managed by Clough Capital Partners, L.P. It invests in public equity markets across the globe. The fund seeks to invest in stocks of companies operating across diversified sectors. It employs fundamental and quantitative analysis with a bottom up stock picking approach to create its portfolio, with focus on factors such as a company's competitive position, quality of company management, quality and visibility of earnings and cash flow, balance sheet strength, and relative valuation.