The Gabelli Global Small and Mid Cap Value Trust (NYSE:GGZ) Shares Bought by Shaker Financial Services LLC

Shaker Financial Services LLC grew its stake in shares of The Gabelli Global Small and Mid Cap Value Trust (NYSE:GGZ) by 4.8% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 81,994 shares of the company’s stock after purchasing an additional 3,746 shares during the period. Shaker Financial Services LLC’s holdings in The Gabelli Global Small and Mid Cap Value Trust were worth $926,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in GGZ. Private Management Group Inc. lifted its stake in shares of The Gabelli Global Small and Mid Cap Value Trust by 0.7% in the first quarter. Private Management Group Inc. now owns 298,542 shares of the company’s stock valued at $3,588,000 after purchasing an additional 1,984 shares during the period. Stephens Inc. AR lifted its position in shares of The Gabelli Global Small and Mid Cap Value Trust by 6.7% during the 4th quarter. Stephens Inc. AR now owns 79,270 shares of the company’s stock valued at $930,000 after acquiring an additional 4,966 shares during the period. 180 Wealth Advisors LLC boosted its stake in shares of The Gabelli Global Small and Mid Cap Value Trust by 12.4% during the 2nd quarter. 180 Wealth Advisors LLC now owns 78,340 shares of the company’s stock worth $912,000 after acquiring an additional 8,641 shares in the last quarter. Blue Bell Private Wealth Management LLC grew its holdings in The Gabelli Global Small and Mid Cap Value Trust by 2.8% in the first quarter. Blue Bell Private Wealth Management LLC now owns 75,336 shares of the company’s stock valued at $906,000 after purchasing an additional 2,077 shares during the last quarter. Finally, Cornerstone Advisors LLC increased its position in shares of The Gabelli Global Small and Mid Cap Value Trust by 84.7% in the fourth quarter. Cornerstone Advisors LLC now owns 38,471 shares of the company’s stock valued at $451,000 after buying an additional 17,642 shares in the last quarter.

The Gabelli Global Small and Mid Cap Value Trust Stock Performance

NYSE:GGZ traded up $0.13 during mid-day trading on Thursday, hitting $12.06. 1,906 shares of the company’s stock traded hands, compared to its average volume of 12,597. The Gabelli Global Small and Mid Cap Value Trust has a 1 year low of $9.43 and a 1 year high of $12.43. The firm’s 50 day simple moving average is $11.73 and its 200 day simple moving average is $11.66.

The Gabelli Global Small and Mid Cap Value Trust Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, September 23rd. Investors of record on Monday, September 16th will be paid a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a yield of 5.31%. The ex-dividend date of this dividend is Monday, September 16th.

The Gabelli Global Small and Mid Cap Value Trust 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.