Clough Global Opportunities Fund Plans Dividend of $0.05 (NYSEAMERICAN:GLO)

Clough Global Opportunities Fund (NYSEAMERICAN:GLO) declared a dividend on Wednesday, April 17th, investing.com reports. Shareholders of record on Friday, April 19th will be given a dividend of 0.048 per share by the investment management company on Tuesday, April 30th. This represents a dividend yield of 11.63%. The ex-dividend date of this dividend is Thursday, April 18th.

Clough Global Opportunities Fund has decreased its dividend by an average of 18.6% per year over the last three years.

Clough Global Opportunities Fund Stock Performance

Shares of NYSEAMERICAN:GLO traded up $0.05 during trading on Wednesday, hitting $5.01. The company’s stock had a trading volume of 214,496 shares, compared to its average volume of 155,936. Clough Global Opportunities Fund has a fifty-two week low of $4.08 and a fifty-two week high of $5.18.

Insider Buying and Selling

In other news, insider Charles Clough, Jr. bought 20,000 shares of the stock in a transaction that occurred on Wednesday, March 20th. The stock was purchased at an average price of $5.01 per share, for a total transaction of $100,200.00. Following the completion of the purchase, the insider now owns 300,445 shares in the company, valued at approximately $1,505,229.45. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link.

Institutional Investors Weigh In On Clough Global Opportunities Fund

Institutional investors and hedge funds have recently bought and sold shares of the stock. UBS Group AG lifted its position in Clough Global Opportunities Fund by 51.3% in the first quarter. UBS Group AG now owns 9,921 shares of the investment management company’s stock valued at $49,000 after acquiring an additional 3,362 shares during the last quarter. Captrust Financial Advisors purchased a new stake in shares of Clough Global Opportunities Fund in the second quarter valued at about $74,000. Nomura Holdings Inc. purchased a new stake in shares of Clough Global Opportunities Fund in the fourth quarter valued at about $58,000. LPL Financial LLC raised its holdings in shares of Clough Global Opportunities Fund by 9.9% in the second quarter. LPL Financial LLC now owns 14,833 shares of the investment management company’s stock valued at $109,000 after buying an additional 1,333 shares during the last quarter. Finally, SeaCrest Wealth Management LLC raised its holdings in shares of Clough Global Opportunities Fund by 9.4% in the fourth quarter. SeaCrest Wealth Management LLC now owns 24,787 shares of the investment management company’s stock valued at $126,000 after buying an additional 2,134 shares during the last quarter.

About Clough Global Opportunities Fund

Clough Global Opportunities Fund is a closed ended balanced mutual fund launched and managed by Clough Capital Partners L.P. It invests in public equity and fixed income markets across the globe. The fund invests in securities of companies operating across diversified sectors. For its fixed income portion, the fund invests in both investment grade and non-investment grade issues.