Clough Global Dividend and Income Fund (NYSEAMERICAN:GLV) Stock Price Down 2.4% – Should You Sell?

Clough Global Dividend and Income Fund (NYSEAMERICAN:GLV) shares were down 2.4% during trading on Thursday. The stock traded as low as $5.79 and last traded at $5.81. 39,220 shares were traded during trading, a decline of 7% from the average daily volume of 42,224 shares. The stock had previously closed at $5.95.

Clough Global Dividend and Income Fund Price Performance

The stock has a 50-day simple moving average of $5.84 and a two-hundred day simple moving average of $6.14.

Clough Global Dividend and Income Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Thursday, December 31st. Investors of record on Thursday, December 17th will be issued a $0.0566 dividend. The ex-dividend date of this dividend is Thursday, December 17th. This represents a $0.68 annualized dividend and a dividend yield of 11.7%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of GLV. Blue Bell Private Wealth Management LLC grew its holdings in Clough Global Dividend and Income Fund by 13.8% during the third quarter. Blue Bell Private Wealth Management LLC now owns 220,149 shares of the investment management company’s stock valued at $1,275,000 after purchasing an additional 26,694 shares during the period. Shaker Financial Services LLC grew its holdings in Clough Global Dividend and Income Fund by 72.7% during the 3rd quarter. Shaker Financial Services LLC now owns 171,750 shares of the investment management company’s stock valued at $994,000 after buying an additional 72,277 shares in the last quarter. CoreCap Advisors LLC boosted its position in shares of Clough Global Dividend and Income Fund by 55.7% during the 3rd quarter. CoreCap Advisors LLC now owns 6,985 shares of the investment management company’s stock valued at $40,000 after acquiring an additional 2,500 shares during the last quarter. Integrated Wealth Concepts LLC purchased a new stake in Clough Global Dividend and Income Fund during the second quarter valued at $115,000. Finally, Almitas Capital LLC bought a new position in Clough Global Dividend and Income Fund during the second quarter valued at $735,000.

Clough Global Dividend and Income Fund Company Profile

Clough Global Dividend and Income Fund (NYSE American: GLV) is a closed-end investment fund that seeks to provide investors with current income and long-term capital appreciation. The fund is managed by Clough Capital Partners L.P., an investment management firm focused on global and alternative investment strategies. The fund invests across international markets and may hold a diversified portfolio of dividend-paying common and preferred stocks, income-producing securities, convertible securities, and other investments selected for their income potential and growth prospects.