66,046 Shares in The Gabelli Global Small and Mid Cap Value Trust $GGZ Bought by Evolve Private Wealth LLC

Evolve Private Wealth LLC bought a new stake in shares of The Gabelli Global Small and Mid Cap Value Trust (NYSE:GGZ) in the second quarter, Holdings Channel reports. The fund bought 66,046 shares of the company’s stock, valued at approximately $1,075,000.

Several other hedge funds also recently added to or reduced their stakes in the business. International Assets Investment Management LLC acquired a new position in shares of The Gabelli Global Small and Mid Cap Value Trust in the 4th quarter valued at about $32,000. Fifth Third Bancorp acquired a new stake in The Gabelli Global Small and Mid Cap Value Trust during the first quarter worth about $165,000. Private Advisor Group LLC grew its holdings in The Gabelli Global Small and Mid Cap Value Trust by 8.6% during the first quarter. Private Advisor Group LLC now owns 13,154 shares of the company’s stock worth $198,000 after acquiring an additional 1,047 shares during the period. Silverlake Wealth Management LLC purchased a new position in The Gabelli Global Small and Mid Cap Value Trust during the second quarter valued at approximately $244,000. Finally, Raymond James Financial Inc. raised its position in The Gabelli Global Small and Mid Cap Value Trust by 14.6% during the second quarter. Raymond James Financial Inc. now owns 38,887 shares of the company’s stock valued at $518,000 after acquiring an additional 4,940 shares in the last quarter.

The Gabelli Global Small and Mid Cap Value Trust Price Performance

Shares of NYSE:GGZ opened at $16.51 on Monday. The Gabelli Global Small and Mid Cap Value Trust has a 12-month low of $13.35 and a 12-month high of $17.08. The business has a 50 day moving average of $16.28 and a two-hundred day moving average of $15.98.

The Gabelli Global Small and Mid Cap Value Trust Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 23rd. Investors of record on Wednesday, September 16th will be paid a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 5.1%. The ex-dividend date is Wednesday, September 16th.

The Gabelli Global Small and Mid Cap Value Trust Company Profile

The Gabelli Global Small and Mid Cap Value Trust (NYSE: GGZ) is a closed-end management investment company that seeks long-term capital appreciation by investing primarily in the equity securities of small- and mid-capitalization companies around the world. By focusing on businesses that are typically underfollowed or underrepresented by the broader market, the Trust aims to capture value opportunities in developed and emerging markets alike. Its portfolio is diversified across sectors, with an emphasis on companies whose shares appear undervalued relative to their intrinsic business prospects.

Adopting a value-oriented, bottom-up investment approach, the Trust’s management team conducts in-depth fundamental research to identify global small and mid cap companies with strong balance sheets, proven business models and potential for above-average earnings growth.