The Gabelli Global Small and Mid Cap Value Trust (NYSE:GGZ) Director Kevin V. Dreyer Purchases 1,333 Shares

The Gabelli Global Small and Mid Cap Value Trust (NYSE:GGZ) Director Kevin V. Dreyer purchased 1,333 shares of the company’s stock in a transaction on Thursday, September 2nd. The shares were purchased at an average cost of $16.44 per share, with a total value of $21,914.52. Following the transaction, the director now directly owns 4,000 shares in the company, valued at $65,760. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website.

GGZ opened at $15.97 on Wednesday. The business has a 50 day simple moving average of $15.91 and a two-hundred day simple moving average of $15.48. The Gabelli Global Small and Mid Cap Value Trust has a one year low of $9.65 and a one year high of $17.29.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 23rd. Shareholders of record on Thursday, September 16th will be given a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a yield of 4.01%. The ex-dividend date of this dividend is Wednesday, September 15th.

A number of institutional investors have recently modified their holdings of the business. Morgan Stanley boosted its position in The Gabelli Global Small and Mid Cap Value Trust by 1.8% during the 2nd quarter. Morgan Stanley now owns 318,871 shares of the company’s stock valued at $5,102,000 after acquiring an additional 5,570 shares in the last quarter. Royal Bank of Canada boosted its position in The Gabelli Global Small and Mid Cap Value Trust by 11.2% during the 2nd quarter. Royal Bank of Canada now owns 41,477 shares of the company’s stock valued at $664,000 after acquiring an additional 4,176 shares in the last quarter. Private Advisor Group LLC boosted its position in The Gabelli Global Small and Mid Cap Value Trust by 8.7% during the 2nd quarter. Private Advisor Group LLC now owns 14,915 shares of the company’s stock valued at $239,000 after acquiring an additional 1,200 shares in the last quarter. Shaker Financial Services LLC purchased a new position in The Gabelli Global Small and Mid Cap Value Trust during the second quarter valued at $655,000. Finally, Private Management Group Inc. lifted its position in The Gabelli Global Small and Mid Cap Value Trust by 3.2% during the second quarter. Private Management Group Inc. now owns 190,276 shares of the company’s stock valued at $3,044,000 after buying an additional 5,819 shares during the period.

About The Gabelli Global Small and Mid Cap Value Trust

The Gabelli Global Small & Mid Cap Value Trust is a closed-end management investment trust. Its investment objective is long term capital growth. The company was founded on August 19, 2013 and is headquartered in Rye, NY.

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