Clough Global Dividend and Income Fund (NYSEAMERICAN:GLV) Stock Passes Above Fifty Day Moving Average – Time to Sell?

Clough Global Dividend and Income Fund (NYSEAMERICAN:GLV) crossed 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 $5.57. Clough Global Dividend and Income Fund shares last traded at $5.55, with a volume of 16,473 shares.

Clough Global Dividend and Income Fund Stock Performance

Clough Global Dividend and Income Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, March 31st. Shareholders of record on Tuesday, March 18th will be given a dividend of $0.0526 per share. This represents a $0.63 dividend on an annualized basis and a yield of 11.41%. The ex-dividend date is Tuesday, March 18th.

Institutional Trading of Clough Global Dividend and Income Fund

Several hedge funds have recently added to or reduced their stakes in the business. Almitas Capital LLC increased its position in Clough Global Dividend and Income Fund by 57.7% during the second quarter. Almitas Capital LLC now owns 223,367 shares of the investment management company’s stock worth $1,273,000 after acquiring an additional 81,718 shares during the period. Sanctuary Advisors LLC acquired a new stake in Clough Global Dividend and Income Fund in the 2nd quarter worth $132,000. Finally, Rivernorth Capital Management LLC increased its holdings in shares of Clough Global Dividend and Income Fund by 2.8% during the 3rd quarter. Rivernorth Capital Management LLC now owns 369,753 shares of the investment management company’s stock worth $2,178,000 after purchasing an additional 10,197 shares during the period.

About Clough Global Dividend and Income Fund

Clough Global Dividend and Income Fund is a closed ended balanced mutual fund launched and managed by Clough Capital Partners L.P. The fund primarily invests in the public equity and fixed income markets across the globe. It seeks to invest in securities of companies operating across diversified sectors.