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

Clough Global Equity Fund (NYSEAMERICAN:GLQ) shares passed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $0.00 and traded as high as $6.51. Clough Global Equity Fund shares last traded at $6.50, with a volume of 43,160 shares trading hands.

Clough Global Equity Fund Stock Performance

Clough Global Equity Fund Announces Dividend

The company also recently announced a dividend, which was paid on Thursday, February 29th. Shareholders of record on Friday, February 16th were paid a $0.0603 dividend. This represents a yield of 11.54%. The ex-dividend date of this dividend was Thursday, February 15th.

Insider Buying and Selling at Clough Global Equity Fund

In other news, insider Charles Clough, Jr. bought 20,000 shares of the business’s stock in a transaction on Wednesday, March 20th. The shares were purchased at an average price of $6.42 per share, for a total transaction of $128,400.00. Following the purchase, the insider now owns 390,291 shares of the company’s stock, valued at approximately $2,505,668.22. The purchase was disclosed in a filing with the SEC, which is available through the SEC website.

Institutional Investors Weigh In On Clough Global Equity Fund

Institutional investors and hedge funds have recently made changes to their positions in the stock. Charles Schwab Investment Management Inc. bought a new stake in shares of Clough Global Equity Fund during the 1st quarter worth approximately $61,000. Raymond James & Associates bought a new stake in Clough Global Equity Fund in the 4th quarter valued at $62,000. Mariner LLC bought a new stake in Clough Global Equity Fund in the 4th quarter valued at $65,000. CSS LLC IL bought a new stake in Clough Global Equity Fund in the 2nd quarter valued at $83,000. Finally, JPMorgan Chase & Co. raised its stake in Clough Global Equity Fund by 6,025.7% in the 1st quarter. JPMorgan Chase & Co. now owns 15,498 shares of the investment management company’s stock valued at $94,000 after acquiring an additional 15,245 shares during the period.

About Clough Global Equity Fund

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.