The Gabelli Convertible and Income Securities Fund Inc. (NYSE:GCV) Shares Sold by Northwestern Mutual Wealth Management Co.

Northwestern Mutual Wealth Management Co. cut its position in shares of The Gabelli Convertible and Income Securities Fund Inc. (NYSE:GCVGet Rating) by 2.8% during the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 73,674 shares of the investment management company’s stock after selling 2,125 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in The Gabelli Convertible and Income Securities Fund were worth $398,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of GCV. Advisors Asset Management Inc. increased its position in shares of The Gabelli Convertible and Income Securities Fund by 197.1% during the 1st quarter. Advisors Asset Management Inc. now owns 464,414 shares of the investment management company’s stock valued at $2,842,000 after purchasing an additional 308,105 shares during the period. Atria Wealth Solutions Inc. bought a new stake in shares of The Gabelli Convertible and Income Securities Fund during the 1st quarter worth $215,000. L.M. Kohn & Company bought a new stake in shares of The Gabelli Convertible and Income Securities Fund during the 1st quarter worth $186,000. Guggenheim Capital LLC bought a new stake in shares of The Gabelli Convertible and Income Securities Fund during the 1st quarter worth $145,000. Finally, Cutler Investment Counsel LLC bought a new stake in shares of The Gabelli Convertible and Income Securities Fund during the 1st quarter worth $67,000.

The Gabelli Convertible and Income Securities Fund Price Performance

GCV opened at $5.11 on Tuesday. The business has a fifty day simple moving average of $5.19 and a 200-day simple moving average of $5.48. The Gabelli Convertible and Income Securities Fund Inc. has a fifty-two week low of $4.73 and a fifty-two week high of $7.21.

The Gabelli Convertible and Income Securities Fund Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 23rd. Stockholders of record on Friday, September 16th were paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 9.39%. The ex-dividend date was Thursday, September 15th.

About The Gabelli Convertible and Income Securities Fund

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The Gabelli Convertible and Income Securities Fund Inc is a closed-ended balanced mutual fund launched by GAMCO Investors, Inc The fund is managed by Gabelli Funds, LLC. It invests in public equity and fixed income markets. The fund seeks to invest in stocks of companies operating across diversified sectors.

See Also

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Institutional Ownership by Quarter for The Gabelli Convertible and Income Securities Fund (NYSE:GCV)

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