The Gabelli Global Small and Mid Cap Value Trust (NYSE:GGZ – Get Free Report) crossed below its fifty day moving average during trading on Friday. The stock has a fifty day moving average of $15.95 and traded as low as $14.94. The Gabelli Global Small and Mid Cap Value Trust shares last traded at $15.00, with a volume of 11,736 shares changing hands.
The Gabelli Global Small and Mid Cap Value Trust Price Performance
The company has a fifty day simple moving average of $15.95 and a two-hundred day simple moving average of $15.94.
The Gabelli Global Small and Mid Cap Value Trust Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 23rd. Investors of record on Wednesday, September 16th were issued a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 5.6%. The ex-dividend date was Wednesday, September 16th.
Institutional Trading of The Gabelli Global Small and Mid Cap Value Trust
A number of hedge funds have recently added to or reduced their stakes in the business. Private Advisor Group LLC increased its position in The Gabelli Global Small and Mid Cap Value Trust by 8.6% during the 1st quarter. Private Advisor Group LLC now owns 13,154 shares of the company’s stock valued at $198,000 after purchasing an additional 1,047 shares during the period. 180 Wealth Advisors LLC boosted its stake in shares of The Gabelli Global Small and Mid Cap Value Trust by 2.9% during the first quarter. 180 Wealth Advisors LLC now owns 119,812 shares of the company’s stock valued at $1,800,000 after purchasing an additional 3,332 shares in the last quarter. Fifth Third Bancorp bought a new position in shares of The Gabelli Global Small and Mid Cap Value Trust during the first quarter valued at approximately $165,000. Silverlake Wealth Management LLC bought a new position in shares of The Gabelli Global Small and Mid Cap Value Trust during the second quarter valued at approximately $244,000. Finally, Beckerman Institutional LLC bought a new position in shares of The Gabelli Global Small and Mid Cap Value Trust during the second quarter valued at approximately $933,000.
About The Gabelli Global Small and Mid Cap Value Trust
The Gabelli Global Small and Mid Cap Value Trust (NYSE: GGZ) is a diversified, closed-end investment company that seeks long-term growth of capital. The trust invests primarily in equity securities of small- and mid-capitalization companies that its investment adviser believes are undervalued relative to their underlying business prospects.
GGZ has a global mandate and may invest in companies located in the United States and international markets. Its portfolio can span multiple industries and geographic regions, with the adviser using fundamental research to identify businesses with attractive value characteristics, strong competitive positions, and potential for long-term appreciation.
The trust is advised by Gabelli Funds, LLC, an investment-management firm affiliated with GAMCO Investors, Inc Gabelli Funds and its affiliates are associated with investor and portfolio manager Mario J.
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