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 that occurred on Monday, January 13th. The stock was purchased 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 in the company, valued at approximately $531,532.76. This trade represents a 16.04 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

The Gabelli Global Small and Mid Cap Value Trust Trading Up 0.9 %

Shares of GGZ traded up $0.10 during mid-day trading on Tuesday, reaching $11.76. The company’s stock had a trading volume of 12,903 shares, compared to its average volume of 28,972. The company’s 50 day moving average is $12.47 and its 200 day moving average is $12.13. The Gabelli Global Small and Mid Cap Value Trust has a 12-month low of $11.02 and a 12-month high of $13.35.

The Gabelli Global Small and Mid Cap Value Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Friday, December 13th were issued a $0.16 dividend. This represents a $0.64 annualized dividend and a yield of 5.44%. The ex-dividend date was Friday, December 13th.

Hedge Funds Weigh In On The Gabelli Global Small and Mid Cap Value Trust

A number of hedge funds have recently modified their holdings of the stock. Private Advisor Group LLC bought a new stake in The Gabelli Global Small and Mid Cap Value Trust during the third quarter worth about $260,000. International Assets Investment Management LLC raised its position in The Gabelli Global Small and Mid Cap Value Trust by 1,141.0% in the third quarter. International Assets Investment Management LLC now owns 26,495 shares of the company’s stock valued at $329,000 after purchasing an additional 24,360 shares during the last quarter. Wolverine Asset Management LLC boosted its holdings in shares of 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. Cornerstone Advisors LLC lifted its stake 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 valued at $518,000 after acquiring an additional 11,207 shares in the last quarter. Finally, Sanctuary Advisors LLC purchased a new stake in The Gabelli Global Small and Mid Cap Value Trust in the 2nd quarter worth about $843,000.

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.