Clough Global Dividend and Income Fund (NYSEAMERICAN:GLV) Stock Passes Above 50-Day Moving Average of $0.00

Clough Global Dividend and Income Fund (NYSEAMERICAN:GLV – Get Rating) shares passed 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 $5.67. Clough Global Dividend and Income Fund shares last traded at $5.60, with a volume of 15,769 shares traded.

Clough Global Dividend and Income Fund Stock Performance

Clough Global Dividend and Income Fund Cuts Dividend

The company also recently announced a dividend, which was paid on Tuesday, January 31st. Shareholders of record on Friday, January 20th were paid a $0.0597 dividend. This represents a yield of 10.97%. The ex-dividend date of this dividend was Thursday, January 19th.

Insiders Place Their Bets

In other news, insider Clough Capital Partners, L.P. bought 6,400 shares of the business’s stock in a transaction on Wednesday, February 8th. The stock was acquired at an average price of $6.25 per share, with a total value of $40,000.00. Following the completion of the purchase, the insider now directly owns 21,634 shares in the company, valued at $135,212.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Institutional Trading of Clough Global Dividend and Income Fund

A number of institutional investors have recently made changes to their positions in GLV. SeaCrest Wealth Management LLC purchased a new stake in shares of Clough Global Dividend and Income Fund during the second quarter valued at approximately $26,000. CoreCap Advisors LLC bought a new position in shares of Clough Global Dividend and Income Fund during the second quarter valued at approximately $37,000. UBS Group AG raised its holdings in shares of Clough Global Dividend and Income Fund by 128.3% during the second quarter. UBS Group AG now owns 4,566 shares of the investment management company’s stock valued at $37,000 after acquiring an additional 2,566 shares in the last quarter. LPL Financial LLC bought a new position in shares of Clough Global Dividend and Income Fund during the fourth quarter valued at approximately $82,000. Finally, Arete Wealth Advisors LLC bought a new position in shares of Clough Global Dividend and Income Fund during the third quarter valued at approximately $83,000.

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.