Clough Global Dividend and Income Fund (NYSEAMERICAN:GLV) Shares Pass Above 50-Day Moving Average – Here’s Why

Posted by Mark Dietrich on Jan 26th, 2025

Clough Global Dividend and Income Fund (NYSEAMERICAN:GLV – Get Free Report) crossed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $0.00 and traded as high as $5.59. Clough Global Dividend and Income Fund shares last traded at $5.57, with a volume of 7,100 shares.

Clough Global Dividend and Income Fund Stock Performance

Clough Global Dividend and Income Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Monday, March 31st. Shareholders of record on Tuesday, March 18th will be issued a dividend of $0.0526 per share. The ex-dividend date is Tuesday, March 18th. This represents a $0.63 annualized dividend and a yield of 11.33%.

Hedge Funds Weigh In On Clough Global Dividend and Income Fund

A number of institutional investors and hedge funds have recently made changes to their positions in GLV. Rivernorth Capital Management LLC boosted its position 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 acquiring an additional 10,197 shares in the last quarter. Sanctuary Advisors LLC boosted its holdings in Clough Global Dividend and Income Fund by 300.1% in the third quarter. Sanctuary Advisors LLC now owns 98,310 shares of the investment management company’s stock valued at $562,000 after purchasing an additional 73,740 shares in the last quarter. Finally, Almitas Capital LLC raised its holdings 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 purchasing an additional 81,718 shares in the last quarter.

About Clough Global Dividend and Income Fund

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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.