Clough Global Dividend and Income Fund (NYSEAMERICAN:GLV) Share Price Crosses Above Fifty Day Moving Average – Should You Sell?

Clough Global Dividend and Income Fund (NYSEAMERICAN:GLV) passed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $0.00 and traded as high as $5.63. Clough Global Dividend and Income Fund shares last traded at $5.56, with a volume of 17,729 shares trading hands.

Clough Global Dividend and Income Fund Trading Up 1.1 %

Clough Global Dividend and Income Fund Announces Dividend

The business also recently disclosed 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. This represents a $0.63 annualized dividend and a dividend yield of 11.35%. The ex-dividend date of this dividend is Tuesday, March 18th.

Institutional Trading of Clough Global Dividend and Income Fund

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Rivernorth Capital Management LLC raised 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 acquiring an additional 10,197 shares during the last quarter. Sanctuary Advisors LLC raised its position in Clough Global Dividend and Income Fund by 300.1% during the third quarter. Sanctuary Advisors LLC now owns 98,310 shares of the investment management company’s stock worth $562,000 after acquiring an additional 73,740 shares during the last quarter. Raymond James Financial Inc. acquired a new position in Clough Global Dividend and Income Fund during the fourth quarter worth about $328,000. Finally, Gamco Investors INC. ET AL acquired a new position in Clough Global Dividend and Income Fund during the fourth quarter worth about $54,000.

Clough Global Dividend and Income Fund Company Profile

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.