The Gabelli Global Small and Mid Cap Value Trust (NYSE:GGZ) Share Price Passes Below Fifty Day Moving Average of $11.69

The Gabelli Global Small and Mid Cap Value Trust (NYSE:GGZ)’s share price passed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $11.69 and traded as low as $11.22. The Gabelli Global Small and Mid Cap Value Trust shares last traded at $11.25, with a volume of 11,241 shares changing hands.

The Gabelli Global Small and Mid Cap Value Trust Price Performance

The business’s fifty day moving average price is $11.68 and its 200 day moving average price is $11.15.

The Gabelli Global Small and Mid Cap Value Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 21st. Shareholders of record on Thursday, March 14th were paid a $0.16 dividend. The ex-dividend date was Wednesday, March 13th. This represents a $0.64 annualized dividend and a yield of 5.75%.

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

Several institutional investors have recently bought and sold shares of GGZ. Silverlake Wealth Management LLC boosted its position in shares of The Gabelli Global Small and Mid Cap Value Trust by 2.6% during the 1st quarter. Silverlake Wealth Management LLC now owns 35,222 shares of the company’s stock worth $423,000 after purchasing an additional 903 shares in the last quarter. Advisor Group Holdings Inc. boosted its position in shares of The Gabelli Global Small and Mid Cap Value Trust by 42.1% during the 1st quarter. Advisor Group Holdings Inc. now owns 3,558 shares of the company’s stock worth $49,000 after purchasing an additional 1,055 shares in the last quarter. Blue Bell Private Wealth Management LLC boosted its position in shares of The Gabelli Global Small and Mid Cap Value Trust by 1.5% during the 3rd quarter. Blue Bell Private Wealth Management LLC now owns 76,065 shares of the company’s stock worth $788,000 after purchasing an additional 1,140 shares in the last quarter. Private Management Group Inc. boosted its position in shares of The Gabelli Global Small and Mid Cap Value Trust by 0.5% during the 4th quarter. Private Management Group Inc. now owns 296,558 shares of the company’s stock worth $3,479,000 after purchasing an additional 1,567 shares in the last quarter. Finally, Royal Bank of Canada boosted its position in shares of The Gabelli Global Small and Mid Cap Value Trust by 6.0% during the 3rd quarter. Royal Bank of Canada now owns 32,089 shares of the company’s stock worth $306,000 after purchasing an additional 1,803 shares in the last quarter.

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.