Clough Global Dividend and Income Fund (NYSEAMERICAN:GLV) Share Price Passes Above 50 Day Moving Average – Time to Sell?

Clough Global Dividend and Income Fund (NYSEAMERICAN:GLV)’s stock price passed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $5.43 and traded as high as $5.44. Clough Global Dividend and Income Fund shares last traded at $5.41, with a volume of 6,190 shares trading hands.

Clough Global Dividend and Income Fund Trading Up 0.6 %

The company has a 50 day moving average price of $5.43.

Clough Global Dividend and Income Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Monday, March 31st. Investors of record on Tuesday, March 18th will be paid a $0.0526 dividend. The ex-dividend date is Tuesday, March 18th. This represents a $0.63 dividend on an annualized basis and a dividend yield of 11.67%.

Hedge Funds Weigh In On Clough Global Dividend and Income Fund

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Gamco Investors INC. ET AL purchased a new position in shares of Clough Global Dividend and Income Fund during the 4th quarter worth approximately $54,000. Rivernorth Capital Management LLC increased its position in Clough Global Dividend and Income Fund by 2.8% during the third quarter. Rivernorth Capital Management LLC now owns 369,753 shares of the investment management company’s stock worth $2,178,000 after buying an additional 10,197 shares in the last quarter. Shaker Financial Services LLC acquired a new position in shares of Clough Global Dividend and Income Fund in the fourth quarter worth $230,000. Alpine Global Management LLC lifted its position in shares of Clough Global Dividend and Income Fund by 44.9% in the fourth quarter. Alpine Global Management LLC now owns 140,000 shares of the investment management company’s stock valued at $760,000 after acquiring an additional 43,351 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in shares of Clough Global Dividend and Income Fund during the fourth quarter valued at $328,000.

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.