Clough Global Equity Fund (NYSEAMERICAN:GLQ) shares crossed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $0.00 and traded as low as $11.36. Clough Global Equity Fund shares last traded at $11.36, with a volume of 322 shares trading hands.
The company also recently disclosed a — dividend, which was paid on Monday, September 30th. Investors of record on Friday, September 20th were issued a $0.1106 dividend. The ex-dividend date of this dividend was Thursday, September 19th. This represents a dividend yield of 11.6%.
Several hedge funds have recently added to or reduced their stakes in GLQ. Weiss Asset Management LP bought a new stake in shares of Clough Global Equity Fund in the second quarter valued at about $445,000. Morgan Stanley raised its holdings in shares of Clough Global Equity Fund by 8.3% in the second 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 in the last quarter. Cohen & Steers Inc. bought a new position in Clough Global Equity Fund in the second quarter worth about $128,000. Advisor Group Inc. raised its holdings in Clough Global Equity Fund by 8.6% in the second quarter. Advisor Group Inc. now owns 54,450 shares of the investment management company’s stock worth $696,000 after purchasing an additional 4,300 shares in the last quarter. Finally, Parisi Gray Wealth Management raised its holdings in Clough Global Equity Fund by 20.9% in the second quarter. Parisi Gray Wealth Management now owns 11,000 shares of the investment management company’s stock worth $141,000 after purchasing an additional 1,900 shares in the last quarter.
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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