Clough Global Dividend and Income Fund (NYSEAMERICAN:GLV) Shares Pass Above Fifty Day Moving Average – Here’s Why

Shares of Clough Global Dividend and Income Fund (NYSEAMERICAN:GLV) passed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $0.00 and traded as high as $5.48. Clough Global Dividend and Income Fund shares last traded at $5.46, with a volume of 16,035 shares trading hands.

Clough Global Dividend and Income Fund Stock Up 0.4 %

Clough Global Dividend and Income Fund Dividend Announcement

The business 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. This represents a $0.63 dividend on an annualized basis and a yield of 11.56%. The ex-dividend date is Tuesday, March 18th.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Clough Global Dividend and Income Fund stock. Sanctuary Advisors LLC bought a new position in shares of Clough Global Dividend and Income Fund (NYSEAMERICAN:GLV) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 24,570 shares of the investment management company’s stock, valued at approximately $132,000.

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.