The Gabelli Convertible and Income Securities Fund (NYSE:GCV) Stock Crosses Below Two Hundred Day Moving Average of $5.43

The Gabelli Convertible and Income Securities Fund Inc. (NYSE:GCVGet Rating) passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $5.43 and traded as low as $5.31. The Gabelli Convertible and Income Securities Fund shares last traded at $5.33, with a volume of 11,062 shares changing hands.

The Gabelli Convertible and Income Securities Fund Trading Up 0.4 %

The company has a fifty day moving average of $5.15 and a two-hundred day moving average of $5.43.

The Gabelli Convertible and Income Securities Fund Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 16th. Investors of record on Friday, December 9th will be issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 9.01%. The ex-dividend date of this dividend is Thursday, December 8th.

Institutional Investors Weigh In On The Gabelli Convertible and Income Securities Fund

Several hedge funds have recently modified their holdings of GCV. Charter Oak Capital Management LLC acquired a new position in The Gabelli Convertible and Income Securities Fund during the 2nd quarter worth about $29,000. CoreCap Advisors LLC acquired a new position in The Gabelli Convertible and Income Securities Fund during the 2nd quarter worth about $32,000. Cutler Investment Counsel LLC acquired a new position in The Gabelli Convertible and Income Securities Fund during the 1st quarter worth about $67,000. Janney Montgomery Scott LLC acquired a new position in The Gabelli Convertible and Income Securities Fund during the 3rd quarter worth about $111,000. Finally, Guggenheim Capital LLC acquired a new position in The Gabelli Convertible and Income Securities Fund during the 1st quarter worth about $145,000.

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.

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