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

Clough Global Equity Fund (NYSEAMERICAN:GLQ)’s share price passed above its 50 day moving average during trading on Wednesday . The stock has a 50 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.

Clough Global Equity Fund Stock Performance

Clough Global Equity Fund Announces Dividend

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

Insider Buying and Selling at Clough Global Equity Fund

In related news, insider Charles Clough, Jr. acquired 20,000 shares of the stock in a transaction on Wednesday, March 20th. The stock was bought at an average cost of $6.42 per share, with a total value of $128,400.00. Following the transaction, the insider now directly owns 390,291 shares in the company, valued at $2,505,668.22. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Institutional Investors Weigh In On Clough Global Equity Fund

Hedge funds and other institutional investors have recently bought and sold shares of the company. UBS Group AG lifted its position in Clough Global Equity Fund by 17.8% during the third quarter. UBS Group AG now owns 33,417 shares of the investment management company’s stock valued at $230,000 after acquiring an additional 5,040 shares during the last quarter. Wells Fargo & Company MN lifted its position in Clough Global Equity Fund by 97.2% during the fourth quarter. Wells Fargo & Company MN now owns 24,263 shares of the investment management company’s stock valued at $158,000 after acquiring an additional 11,957 shares during the last quarter. Chicago Partners Investment Group LLC purchased a new stake in Clough Global Equity Fund during the first quarter valued at approximately $130,000. JPMorgan Chase & Co. increased its stake in Clough Global Equity Fund by 6,025.7% during the 1st quarter. JPMorgan Chase & Co. now owns 15,498 shares of the investment management company’s stock valued at $94,000 after purchasing an additional 15,245 shares in the last quarter. Finally, Mariner LLC acquired a new position in Clough Global Equity Fund during the 4th quarter valued at approximately $65,000.

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.