SFI Advisors LLC Has $137,000 Stake in The Gabelli Convertible and Income Securities Fund Inc. (NYSE:GCV)

SFI Advisors LLC reduced its holdings in The Gabelli Convertible and Income Securities Fund Inc. (NYSE:GCV) by 38.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 38,104 shares of the investment management company’s stock after selling 24,221 shares during the quarter. SFI Advisors LLC owned approximately 0.20% of The Gabelli Convertible and Income Securities Fund worth $137,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of GCV. Advisors Asset Management Inc. grew its holdings in shares of The Gabelli Convertible and Income Securities Fund by 197.1% during the first quarter. Advisors Asset Management Inc. now owns 464,414 shares of the investment management company’s stock worth $2,842,000 after purchasing an additional 308,105 shares during the last quarter. Osaic Holdings Inc. increased its position in The Gabelli Convertible and Income Securities Fund by 7.3% in the 2nd quarter. Osaic Holdings Inc. now owns 885,713 shares of the investment management company’s stock valued at $3,809,000 after acquiring an additional 60,015 shares in the last quarter. International Assets Investment Management LLC bought a new position in shares of The Gabelli Convertible and Income Securities Fund in the fourth quarter worth about $183,000. Atria Wealth Solutions Inc. acquired a new position in shares of The Gabelli Convertible and Income Securities Fund during the first quarter worth approximately $215,000. Finally, Gamco Investors INC. ET AL lifted its position in shares of The Gabelli Convertible and Income Securities Fund by 2.8% during the fourth quarter. Gamco Investors INC. ET AL now owns 1,151,858 shares of the investment management company’s stock worth $5,529,000 after purchasing an additional 31,858 shares in the last quarter. 23.40% of the stock is currently owned by institutional investors.

The Gabelli Convertible and Income Securities Fund Stock Down 0.9 %

GCV traded down $0.03 during mid-day trading on Tuesday, reaching $3.42. The stock had a trading volume of 35,710 shares, compared to its average volume of 50,609. The firm’s fifty day simple moving average is $3.66 and its two-hundred day simple moving average is $3.58. The Gabelli Convertible and Income Securities Fund Inc. has a 52 week low of $3.15 and a 52 week high of $4.58.

The Gabelli Convertible and Income Securities Fund Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 21st. Investors of record on Thursday, March 14th were paid a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 14.04%. The ex-dividend date of this dividend was Wednesday, March 13th.

The Gabelli Convertible and Income Securities Fund Company Profile

The Gabelli Convertible and Income Securities Fund Inc is a closed-ended balanced mutual fund launched by GAMCO Investors, Inc The fund is managed by Gabelli Funds, LLC. It invests in public equity and fixed income markets. The fund seeks to invest in stocks of companies operating across diversified sectors.