Clough Global Equity Fund (NYSEAMERICAN:GLQ) crossed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $0.00 and traded as high as $12.85. Clough Global Equity Fund shares last traded at $12.85, with a volume of 71,410 shares trading hands.

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Friday, March 20th will be paid a dividend of $0.1104 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 10.31%. The ex-dividend date of this dividend is Thursday, March 19th.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Advisors Asset Management Inc. increased its stake in shares of Clough Global Equity Fund by 1.1% during the 4th quarter. Advisors Asset Management Inc. now owns 750,120 shares of the investment management company’s stock valued at $27,649,000 after acquiring an additional 8,049 shares during the last quarter. Rivernorth Capital Management LLC increased its stake in shares of Clough Global Equity Fund by 102.7% during the 4th quarter. Rivernorth Capital Management LLC now owns 431,737 shares of the investment management company’s stock valued at $5,211,000 after acquiring an additional 218,712 shares during the last quarter. Morgan Stanley increased its stake in shares of Clough Global Equity Fund by 8.3% during the 2nd quarter. Morgan Stanley now owns 403,523 shares of the investment management company’s stock valued at $5,161,000 after acquiring an additional 30,770 shares during the last quarter. Aviance Capital Partners LLC increased its stake in shares of Clough Global Equity Fund by 1.5% during the 4th quarter. Aviance Capital Partners LLC now owns 115,985 shares of the investment management company’s stock valued at $1,400,000 after acquiring an additional 1,721 shares during the last quarter. Finally, Advisor Group Inc. increased its stake in shares of Clough Global Equity Fund by 3.2% during the 4th quarter. Advisor Group Inc. now owns 61,450 shares of the investment management company’s stock valued at $742,000 after acquiring an additional 1,900 shares during the last quarter.

Clough Global Equity Fund Company Profile (NYSEAMERICAN:GLQ)

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.

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