The Gabelli Global Small and Mid Cap Value Trust (NYSE:GGZ) Insider Mario J. Gabelli Buys 7,700 Shares of Stock

The Gabelli Global Small and Mid Cap Value Trust (NYSE:GGZ) insider Mario J. Gabelli bought 7,700 shares of the firm’s stock in a transaction that occurred on Friday, January 10th. The shares were purchased at an average cost of $11.67 per share, with a total value of $89,859.00. Following the acquisition, the insider now directly owns 39,286 shares of the company’s stock, valued at approximately $458,467.62. This trade represents a 24.38 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

The Gabelli Global Small and Mid Cap Value Trust Price Performance

Shares of The Gabelli Global Small and Mid Cap Value Trust stock opened at $11.69 on Wednesday. The firm has a fifty day moving average price of $12.46 and a 200 day moving average price of $12.13. The Gabelli Global Small and Mid Cap Value Trust has a 1 year low of $11.02 and a 1 year high of $13.35.

The Gabelli Global Small and Mid Cap Value Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 20th. Shareholders of record on Friday, December 13th were given a $0.16 dividend. The ex-dividend date was Friday, December 13th. This represents a $0.64 annualized dividend and a yield of 5.47%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Private Advisor Group LLC acquired a new stake in shares of The Gabelli Global Small and Mid Cap Value Trust during the 3rd quarter valued at about $260,000. International Assets Investment Management LLC boosted its position in The Gabelli Global Small and Mid Cap Value Trust by 1,141.0% during the third quarter. International Assets Investment Management LLC now owns 26,495 shares of the company’s stock worth $329,000 after purchasing an additional 24,360 shares in the last quarter. Wolverine Asset Management LLC grew its holdings in The Gabelli Global Small and Mid Cap Value Trust by 299.7% in the third 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 period. Cornerstone Advisors LLC increased its position in shares of 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 valued at $518,000 after buying an additional 11,207 shares in the last quarter. Finally, Sanctuary Advisors LLC purchased a new stake in shares of The Gabelli Global Small and Mid Cap Value Trust in the second quarter valued at approximately $843,000.

About The Gabelli Global Small and Mid Cap Value Trust

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.