Mario J. Gabelli Buys 7,700 Shares of The Gabelli Global Small and Mid Cap Value Trust (NYSE:GGZ) Stock

The Gabelli Global Small and Mid Cap Value Trust (NYSE:GGZ) insider Mario J. Gabelli acquired 7,700 shares of The Gabelli Global Small and Mid Cap Value Trust stock in a transaction that occurred on Friday, January 10th. The stock was acquired at an average cost of $11.67 per share, with a total value of $89,859.00. Following the completion of the purchase, the insider now owns 39,286 shares in the company, valued at approximately $458,467.62. This represents a 24.38 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

The Gabelli Global Small and Mid Cap Value Trust Stock Up 0.5 %

Shares of GGZ opened at $11.89 on Friday. The Gabelli Global Small and Mid Cap Value Trust has a twelve month low of $11.02 and a twelve month high of $13.35. The firm’s 50 day moving average price is $12.43 and its 200 day moving average price is $12.13.

The Gabelli Global Small and Mid Cap Value Trust Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Friday, December 13th were given a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a yield of 5.38%. The ex-dividend date of this dividend was Friday, December 13th.

Institutional Trading of The Gabelli Global Small and Mid Cap Value Trust

Institutional investors have recently made changes to their positions in the business. Sanctuary Advisors LLC bought a new position in The Gabelli Global Small and Mid Cap Value Trust in the 2nd quarter valued at $843,000. Private Advisor Group LLC acquired a new stake in The Gabelli Global Small and Mid Cap Value Trust during the 3rd quarter worth $260,000. International Assets Investment Management LLC raised its holdings in shares of The Gabelli Global Small and Mid Cap Value Trust by 1,141.0% during the third quarter. International Assets Investment Management LLC now owns 26,495 shares of the company’s stock worth $329,000 after acquiring an additional 24,360 shares during the period. Cornerstone Advisors LLC boosted its position in The Gabelli Global Small and Mid Cap Value Trust by 32.3% during the 2nd quarter. Cornerstone Advisors LLC now owns 45,893 shares of the company’s stock worth $518,000 after acquiring an additional 11,207 shares during the last quarter. Finally, Wolverine Asset Management LLC lifted its position in The Gabelli Global Small and Mid Cap Value Trust by 299.7% during the 3rd quarter. Wolverine Asset Management LLC now owns 26,884 shares of the company’s stock worth $334,000 after buying an additional 20,158 shares in the last quarter.

The Gabelli Global Small and Mid Cap Value Trust Company Profile

The Gabelli Global Small and Mid Cap Value Trust is a closed-ended equity mutual fund launched by GAMCO Investors, Inc The fund is managed by Gabelli Funds, LLC. It invests in public equity markets across the globe. The fund seeks to invest in stocks of companies that are operating across diversified sectors.