Clough Global Equity Fund (NYSEAMERICAN:GLQ) Trading 0.5% Higher – Here’s What Happened

Shares of Clough Global Equity Fund (NYSEAMERICAN:GLQ) traded up 0.5% on Wednesday . The stock traded as high as $6.95 and last traded at $6.89. 49,769 shares were traded during mid-day trading, a decline of 32% from the average session volume of 73,667 shares. The stock had previously closed at $6.85.

Clough Global Equity Fund Price Performance

Clough Global Equity Fund Dividend Announcement

The firm also recently announced a — dividend, which will be paid on Monday, December 30th. Investors of record on Monday, December 16th will be paid a dividend of $0.0603 per share. The ex-dividend date is Monday, December 16th. This represents a yield of 10.4%.

Institutional Investors Weigh In On Clough Global Equity Fund

Several large investors have recently added to or reduced their stakes in the business. Benjamin Edwards Inc. bought a new position in shares of Clough Global Equity Fund in the third quarter valued at $70,000. Blue Bell Private Wealth Management LLC raised its holdings in shares of Clough Global Equity Fund by 71.2% in the 2nd quarter. Blue Bell Private Wealth Management LLC now owns 13,696 shares of the investment management company’s stock worth $96,000 after acquiring an additional 5,696 shares during the last quarter. Walleye Capital LLC bought a new position in Clough Global Equity Fund in the 3rd quarter valued at about $114,000. 180 Wealth Advisors LLC lifted its position in Clough Global Equity Fund by 58.1% in the 2nd quarter. 180 Wealth Advisors LLC now owns 21,900 shares of the investment management company’s stock valued at $158,000 after acquiring an additional 8,050 shares in the last quarter. Finally, Sanctuary Advisors LLC bought a new position in Clough Global Equity Fund in the 2nd quarter valued at about $325,000.

Clough Global Equity Fund Company Profile

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.