The Gabelli Global Small and Mid Cap Value Trust (NYSE:GGZ) Insider Mario J. Gabelli Purchases 6,300 Shares of Stock

The Gabelli Global Small and Mid Cap Value Trust (NYSE:GGZ) insider Mario J. Gabelli acquired 6,300 shares of The Gabelli Global Small and Mid Cap Value Trust stock in a transaction that occurred on Monday, January 13th. The shares were purchased at an average cost of $11.66 per share, with a total value of $73,458.00. Following the purchase, the insider now owns 45,586 shares of the company’s stock, valued at $531,532.76. This represents a 16.04 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

The Gabelli Global Small and Mid Cap Value Trust Price Performance

Shares of NYSE:GGZ opened at $11.69 on Wednesday. The firm has a fifty day moving average price of $12.46 and a two-hundred day moving average price of $12.13. The Gabelli Global Small and Mid Cap Value Trust has a one year low of $11.02 and a one year high of $13.35.

The Gabelli Global Small and Mid Cap Value Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Friday, December 13th were paid a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a yield of 5.47%. 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 institutional investors have recently added to or reduced their stakes in the business. 180 Wealth Advisors LLC boosted 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 acquiring an additional 4,407 shares during the last quarter. Sanctuary Advisors LLC increased its position in shares of The Gabelli Global Small and Mid Cap Value Trust by 1.6% in the third quarter. Sanctuary Advisors LLC now owns 75,224 shares of the company’s stock worth $968,000 after purchasing an additional 1,213 shares during the last quarter. Cornerstone Advisors LLC raised its stake in 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 purchasing an additional 11,207 shares in the last quarter. Wolverine Asset Management LLC lifted its position in The Gabelli Global Small and Mid Cap Value Trust by 299.7% during 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 last quarter. Finally, International Assets Investment Management LLC grew its stake in The Gabelli Global Small and Mid Cap Value Trust by 1,141.0% in the 3rd quarter. International Assets Investment Management LLC now owns 26,495 shares of the company’s stock worth $329,000 after buying an additional 24,360 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.