Private Management Group Inc. Decreases Stock Holdings in The Gabelli Global Small and Mid Cap Value Trust (NYSE:GGZ)

Private Management Group Inc. trimmed its position in shares of The Gabelli Global Small and Mid Cap Value Trust (NYSE:GGZ) by 1.4% during the 4th quarter, Holdings Channel reports. The fund owned 290,276 shares of the company’s stock after selling 4,225 shares during the period. Private Management Group Inc.’s holdings in The Gabelli Global Small and Mid Cap Value Trust were worth $3,396,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Private Advisor Group LLC purchased a new stake in shares of The Gabelli Global Small and Mid Cap Value Trust during the 3rd quarter worth approximately $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 3rd 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 in the last quarter. Wolverine Asset Management LLC increased its position 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 valued at $334,000 after purchasing an additional 20,158 shares during the last quarter. Sanctuary Advisors LLC bought a new position in shares of The Gabelli Global Small and Mid Cap Value Trust during the 2nd quarter valued at approximately $843,000. Finally, 180 Wealth Advisors LLC increased its position in shares of The Gabelli Global Small and Mid Cap Value Trust by 5.0% during the 4th quarter. 180 Wealth Advisors LLC now owns 91,693 shares of the company’s stock valued at $1,073,000 after purchasing an additional 4,407 shares during the last quarter.

The Gabelli Global Small and Mid Cap Value Trust Price Performance

NYSE GGZ opened at $12.48 on Friday. The business’s 50 day moving average price is $12.30 and its 200-day moving average price is $12.20. The Gabelli Global Small and Mid Cap Value Trust has a fifty-two week low of $11.02 and a fifty-two week high of $13.35.

The Gabelli Global Small and Mid Cap Value Trust Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Friday, December 13th were given a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a dividend yield of 5.13%. The ex-dividend date was Friday, December 13th.

Insider Activity

In related news, insider Mario J. Gabelli bought 7,700 shares of the business’s stock in a transaction dated Friday, January 10th. The shares were purchased at an average price of $11.67 per share, with a total value of $89,859.00. Following the transaction, the insider now owns 39,286 shares in the company, valued at $458,467.62. This trade represents a 24.38 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

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.