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

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

Clough Global Dividend and Income Fund Stock Down 0.4 %

Clough Global Dividend and Income Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Monday, March 31st. Stockholders of record on Tuesday, March 18th will be issued 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 11.41%.

Hedge Funds Weigh In On Clough Global Dividend and Income Fund

Hedge funds have recently added to or reduced their stakes in the business. Sanctuary Advisors LLC bought a new stake in Clough Global Dividend and Income Fund in the 2nd quarter valued at about $132,000. Almitas Capital LLC boosted its position in shares of 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 buying an additional 81,718 shares during the period. Finally, Rivernorth Capital Management LLC increased its position in Clough Global Dividend and Income Fund by 2.8% in the 3rd quarter. Rivernorth Capital Management LLC now owns 369,753 shares of the investment management company’s stock valued at $2,178,000 after acquiring 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.