Follow The 13GDs: Boaz Weinstein’s Saba Capital Management Just Disclosed New Clough Global Dividend & Income Fund Position

Follow The 13GDs: Boaz Weinstein's Saba Capital Management Just Disclosed New Clough Global Dividend & Income Fund Position

The New Boaz Weinstein’s Saba Capital Management Holding in Clough Global Dividend & Income Fund

Saba Capital Management filed with the SEC SC 13G form for Clough Global Dividend & Income Fund. The form can be accessed here: 000106299316012452. As reported in Boaz Weinstein’s Saba Capital Management’s form, the filler as of late owns 9.14% or 949,722 shares of the Finance–company.

Clough Global Dividend & Income Fund stake is a new one for the for the hedge fund and it was filed because of activity on November 14, 2016. We feel this shows Boaz Weinstein’s Saba Capital Management’s positive view for the stock. For a hedge fund managing $7.93 billion in assets and having 62+ active experts, we at Financialmagazine have no doubt the buy is a bullish signal.

The hedge fund is active investor in the Finance sector. In the manager’s last 13-F, we saw 25% of Boaz Weinstein’s Saba Capital Management’s US equities portfolio is in this sector.

Clough Global Dividend & Income Fund Institutional Sentiment

Latest Security and Exchange filings show 30 investors own Clough Global Dividend & Income Fund. The institutional ownership in Q3 2015 is low, at 18.73% of the outstanding shares. This is increased by 161468 the total institutional shares. 3306219 were the shares owned by these institutional investors. In total 8 funds opened new Clough Global Dividend & Income Fund stakes, 9 increased stakes. There were 4 that closed positions and 10 reduced them.

Shaker Financial Services Llc is an institutional investor bullish on Clough Global Dividend & Income Fund, owning 30611 shares as of Q3 2015 for 0.30% of its portfolio. Gramercy Funds Management Llc owns 124422 shares or 0.55% of its portfolio. IL Rmb Capital Management Llc have 0.01% of their stock portfolio for 15348 shares. Further, Jaffetilchin Investment Partners Llc reported stake worth 0.68% of its US stock portfolio. The TX Oxbow Advisors Llc owns 14213 shares. Clough Global Dividend & Income Fund is 0.04% of the manager’s US portfolio.

Business Profile

Clough Global Dividend and Income Fund, formerly Clough Global Allocation Fund, is a diversified, closed-end management investment company. The Fund’s investment objective is to provide a high level of total return. The Fund seeks to pursue this objective by applying a fundamental research-driven investment process and will invest in equity and equity-related securities, as well as fixed income securities, including both corporate and sovereign debt, in both the United States and non-United States markets. The Fund intends to invest in a managed mix of equity and debt securities. The Fund will not invest more than 20% of its total assets in securities rated, at the time of acquisition, below investment grade. The Fund will not invest more than 20% of its total assets, at the time of acquisition, in securities of governments and companies in emerging markets. Clough Capital Partners L.P. is the investment advisor of the Fund.

SEC Form 13G is required when the filer owns between (5% and 20%) of a company and plans to hold it only as a passive investor. In case the filler intend to exert control and the stake’s exceeds 20%, then 13D Form must be filed. These filings can NOT be a precursor to “change of control” events such as hostile takeovers, company breakups or others.

Insitutional Activity: The institutional sentiment increased to 1 in Q2 2016. Its up 0.10, from 0.9 in 2016Q1. The ratio is positive, as 5 funds sold all Clough Global Dividend and Income Fund shares owned while 15 reduced positions. 7 funds bought stakes while 11 increased positions. They now own 3.21 million shares or 2.74% less from 3.31 million shares in 2016Q1.

1607 Partners Limited holds 0.09% or 111,555 shares in its portfolio. Rivernorth Mgmt Ltd owns 437,245 shares or 0.33% of their US portfolio. Doliver Inc reported 66,143 shares or 0.66% of all its holdings. The Georgia-based Invesco Ltd has invested 0% in Clough Global Dividend and Income Fund (NYSEMKT:GLV). Blue Bell Private Wealth Mngmt Limited Co accumulated 0.01% or 1,000 shares. Lpl Ltd Liability Corporation holds 11,704 shares or 0% of its portfolio. Royal Commercial Bank Of Canada last reported 29,495 shares in the company. Jaffetilchin Lc reported 195,784 shares or 0.69% of all its holdings. City Of London Mngmt Ltd holds 100,540 shares or 0.09% of its portfolio. Us National Bank De has 353 shares for 0% of their US portfolio. Ladenburg Thalmann Fincl Service Inc has 6,003 shares for 0% of their US portfolio. Tower Rech Capital Ltd Liability Corp (Trc) accumulated 0% or 245 shares. Thomas J Herzfeld Advsrs Inc has invested 0.02% of its portfolio in Clough Global Dividend and Income Fund (NYSEMKT:GLV). Stifel Financial Corp holds 0% of its portfolio in Clough Global Dividend and Income Fund (NYSEMKT:GLV) for 18,848 shares. Comml Bank Of America Corporation De owns 627,665 shares or 0% of their US portfolio.

About 48,711 shares traded hands. Clough Global Dividend and Income Fund (NYSEMKT:GLV) has declined 2.13% since April 19, 2016 and is downtrending. It has underperformed by 6.00% the S&P500.

Clough Global Dividend and Income Fund, formerly Clough Global Allocation Fund, is a diversified, closed-end management investment company. The company has a market cap of $120.77 million. The Fund’s investment objective is to provide a high level of total return. It currently has negative earnings. The Fund seeks to pursue this objective by applying a fundamental research-driven investment process and will invest in equity and equity-related securities, as well as fixed income securities, including both corporate and sovereign debt, in both the United States and non-United States markets.

More notable recent Clough Global Dividend and Income Fund (NYSEMKT:GLV) news were published by: Businesswire.com which released: “Clough Global Dividend and Income Fund Declares a Monthly Cash Distribution of …” on November 07, 2016, also Businesswire.com with their article: “Clough Global Dividend and Income Fund” published on August 31, 2016, Businesswire.com published: “Clough Global Allocation Fund Changes Name to Clough Global Dividend and …” on July 29, 2016. More interesting news about Clough Global Dividend and Income Fund (NYSEMKT:GLV) were released by: Businesswire.com and their article: “Clough Global Equity Fund Announces Fund Distribution Rate Change and Declares …” published on August 08, 2016 as well as Seekingalpha.com‘s news article titled: “Clough Global Opportunities Fund: A Good Or Bad Investment?” with publication date: July 23, 2016.

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