Charles Schwab Corp. Stock Underperforms Monday When Compared To Competitors

Clough Global Dividend and Income Fund

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GLV Clough Global Dividend and Income Fund

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Company profile

Clough Global Dividend and Income Fund (the Fund) is a closed-end management investment company. The Fund's investment objective is to provide a high level of total return. It seeks to invest at least 80% of its net assets, including any borrowings for investment purposes, in equity securities in both United States and non-United States markets. It invests in a managed mix of equity and debt securities. The Fund may not invest more than 33% of its total assets in securities (including equity and fixed income securities) of governments and companies in emerging markets. The Fund also invest a portion of its assets in real estate investment trusts (REITs). It may not invest more than 10% of its total assets in debt securities rated below investment grade. In addition to shorting to hedge equity risk, the Fund may utilize instruments including, exchange traded funds (ETFs), derivative positions and U.S. Treasury securities. The Fund's investment advisor is Clough Capital Partners L.P.

Charles Schwab Corp. Stock Underperforms Monday When Compared To Competitors

5:23 pm ET March 13, 2023 (MarketWatch) Print

This article was automatically generated by MarketWatch using technology from Automated Insights.

Shares of Charles Schwab Corp. (SCHW) plunged 11.57% to $51.91 Monday, on what proved to be an all-around grim trading session for the stock market, with the S&P 500 Index falling 0.15% to 3,855.76 and Dow Jones Industrial Average falling 0.28% to 31,819.14. This was the stock's third consecutive day of losses. Charles Schwab Corp. closed $41.25 below its 52-week high ($93.16), which the company achieved on March 29th.

The stock underperformed when compared to some of its competitors Monday, as Blackstone Inc. (BX) rose 4.06% to $83.48, Morgan Stanley (MS) fell 2.29% to $87.99, and BlackRock Inc. (BLK) fell 1.46% to $625.77. Trading volume (148.0 M) eclipsed its 50-day average volume of 10.3 M.

Data source: Dow Jones Market Data, FactSet. Data compiled March 13, 2023.

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March 13, 2023 17:23 ET (21:23 GMT)