Clough Global Equity Fund (NYSEAMERICAN:GLQ) Stock Price Up 0.5% – Should You Buy?

Clough Global Equity Fund (NYSEAMERICAN:GLQ)’s stock price shot up 0.5% during trading on Wednesday . The company traded as high as $6.95 and last traded at $6.89. 49,769 shares changed hands during 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 Announces Dividend

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

Institutional Trading of Clough Global Equity Fund

Hedge funds have recently bought and sold shares of the company. Sanctuary Advisors LLC acquired a new position in Clough Global Equity Fund in the second quarter valued at $325,000. Walleye Capital LLC purchased a new stake in Clough Global Equity Fund during the 3rd quarter worth $114,000. Benjamin Edwards Inc. acquired a new stake in Clough Global Equity Fund during the 3rd quarter valued at approximately $70,000. 180 Wealth Advisors LLC boosted its stake in Clough Global Equity Fund by 58.1% during 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 during the last quarter. Finally, Blue Bell Private Wealth Management LLC increased its holdings in Clough Global Equity Fund by 71.2% in the second quarter. Blue Bell Private Wealth Management LLC now owns 13,696 shares of the investment management company’s stock valued at $96,000 after buying an additional 5,696 shares during the last quarter.

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.