Clough Global Equity Fund (NYSEAMERICAN:GLQ) Stock Price Crosses Above Fifty Day Moving Average of $0.00

Clough Global Equity Fund (NYSEAMERICAN:GLQ – Get Rating) passed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $0.00 and traded as high as $5.79. Clough Global Equity Fund shares last traded at $5.76, with a volume of 238,577 shares changing hands.

Clough Global Equity Fund Price Performance

Clough Global Equity Fund Cuts Dividend

The company also recently disclosed a dividend, which was paid on Tuesday, January 31st. Investors of record on Friday, January 20th were paid a dividend of $0.0599 per share. This represents a yield of 11.13%. The ex-dividend date of this dividend was Thursday, January 19th.

Insider Activity at Clough Global Equity Fund

In other news, insider Clough Capital Partners, L.P. purchased 14,951 shares of Clough Global Equity Fund stock in a transaction dated Wednesday, February 8th. The shares were bought at an average cost of $6.25 per share, with a total value of $93,443.75. Following the completion of the transaction, the insider now directly owns 56,150 shares in the company, valued at approximately $350,937.50. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Institutional Trading of Clough Global Equity Fund

A number of large investors have recently bought and sold shares of GLQ. B. Riley Wealth Advisors Inc. lifted its stake in Clough Global Equity Fund by 44.7% in the fourth quarter. B. Riley Wealth Advisors Inc. now owns 67,025 shares of the investment management company’s stock valued at $436,000 after buying an additional 20,700 shares in the last quarter. Morgan Stanley lifted its position in Clough Global Equity Fund by 1.2% in the 4th quarter. Morgan Stanley now owns 1,980,412 shares of the investment management company’s stock valued at $12,892,000 after acquiring an additional 23,424 shares in the last quarter. Mariner LLC acquired a new position in Clough Global Equity Fund in the 4th quarter worth $65,000. Alpine Global Management LLC acquired a new stake in shares of Clough Global Equity Fund in the 4th quarter valued at about $233,000. Finally, Wells Fargo & Company MN lifted its holdings in shares of Clough Global Equity Fund by 97.2% in the fourth quarter. Wells Fargo & Company MN now owns 24,263 shares of the investment management company’s stock valued at $158,000 after purchasing an additional 11,957 shares in the last quarter.

About Clough Global Equity Fund

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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.