Mario J. Gabelli Acquires 6,300 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 bought 6,300 shares of the firm’s stock in a transaction on Monday, January 13th. The stock was bought at an average price of $11.66 per share, with a total value of $73,458.00. Following the completion of the purchase, the insider now owns 45,586 shares of the company’s stock, valued at $531,532.76. This trade represents a 16.04 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website.

The Gabelli Global Small and Mid Cap Value Trust Stock Performance

Shares of GGZ traded up $0.10 during mid-day trading on Tuesday, hitting $11.76. 12,903 shares of the company’s stock were exchanged, compared to its average volume of 28,972. 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 has a fifty day moving average of $12.47 and a two-hundred day moving average of $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. Shareholders of record on Friday, December 13th were issued a $0.16 dividend. The ex-dividend date was Friday, December 13th. This represents a $0.64 annualized dividend and a yield of 5.44%.

Institutional Investors Weigh In On The Gabelli Global Small and Mid Cap Value Trust

Hedge funds have recently bought and sold shares of the stock. Sanctuary Advisors LLC grew its position in shares of The Gabelli Global Small and Mid Cap Value Trust by 1.6% in the 3rd quarter. Sanctuary Advisors LLC now owns 75,224 shares of the company’s stock valued at $968,000 after buying an additional 1,213 shares during the last quarter. 180 Wealth Advisors LLC lifted its holdings in shares of The Gabelli Global Small and Mid Cap Value Trust by 5.0% in the 4th quarter. 180 Wealth Advisors LLC now owns 91,693 shares of the company’s stock worth $1,073,000 after acquiring an additional 4,407 shares during the last quarter. Cornerstone Advisors LLC lifted its stake in The Gabelli Global Small and Mid Cap Value Trust by 32.3% in the second 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 period. Wolverine Asset Management LLC raised its position in shares of The Gabelli Global Small and Mid Cap Value Trust by 299.7% in the 3rd quarter. Wolverine Asset Management LLC now owns 26,884 shares of the company’s stock worth $334,000 after purchasing an additional 20,158 shares during the last quarter. Finally, Private Advisor Group LLC bought a new stake in shares of The Gabelli Global Small and Mid Cap Value Trust in the third quarter worth $260,000.

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.