Clough Global Equity Fund (NYSEAMERICAN:GLQ) Shares Cross Above Fifty Day Moving Average – Time to Sell?

Clough Global Equity Fund (NYSEAMERICAN:GLQ)’s stock price crossed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $0.00 and traded as high as $6.69. Clough Global Equity Fund shares last traded at $6.57, with a volume of 190,312 shares trading hands.

Clough Global Equity Fund Stock Up 1.4 %

Clough Global Equity Fund Dividend Announcement

The firm also recently disclosed a — dividend, which will be paid on Monday, December 30th. Stockholders of record on Monday, December 16th will be given a $0.0603 dividend. The ex-dividend date is Monday, December 16th. This represents a dividend yield of 10.4%.

Hedge Funds Weigh In On Clough Global Equity Fund

A number of hedge funds and other institutional investors have recently made changes to their positions in GLQ. Benjamin Edwards Inc. bought a new position in Clough Global Equity Fund in the third quarter worth about $70,000. Blue Bell Private Wealth Management LLC grew its holdings in shares of Clough Global Equity Fund by 71.2% during the 2nd quarter. Blue Bell Private Wealth Management LLC now owns 13,696 shares of the investment management company’s stock worth $96,000 after acquiring an additional 5,696 shares during the period. Walleye Capital LLC bought a new position in shares of Clough Global Equity Fund in the 3rd quarter worth approximately $114,000. Sanctuary Advisors LLC purchased a new position in shares of Clough Global Equity Fund in the 2nd quarter valued at approximately $325,000. Finally, Shaker Financial Services LLC boosted its position in shares of Clough Global Equity Fund by 7.5% during the third quarter. Shaker Financial Services LLC now owns 46,990 shares of the investment management company’s stock valued at $326,000 after purchasing an additional 3,284 shares in the last quarter.

Clough Global Equity Fund Company Profile

Clough Global Equity Fund is a closed ended equity mutual fund launched and managed by Clough Capital Partners, L.P. It invests in public equity markets across the globe. The fund seeks to invest in stocks of companies operating across diversified sectors. It employs fundamental and quantitative analysis with a bottom up stock picking approach to create its portfolio, with focus on factors such as a company's competitive position, quality of company management, quality and visibility of earnings and cash flow, balance sheet strength, and relative valuation.