The GDL Fund (NYSE:GDL) Share Price Passes Above 200 Day Moving Average of $7.86

The GDL Fund (NYSE:GDL)’s stock price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $7.86 and traded as high as $7.93. The GDL Fund shares last traded at $7.92, with a volume of 9,500 shares.

The GDL Fund Stock Up 0.1 %

The business’s 50 day moving average is $7.90 and its 200 day moving average is $7.86.

The GDL Fund Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 22nd. Stockholders of record on Friday, September 15th will be given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 6.06%. The ex-dividend date is Thursday, September 14th.

Hedge Funds Weigh In On The GDL Fund

Large investors have recently made changes to their positions in the business. Freedom Wealth Alliance LLC purchased a new stake in shares of The GDL Fund during the fourth quarter valued at $26,000. Eudaimonia Partners LLC purchased a new stake in shares of The GDL Fund during the first quarter valued at $242,000. Blue Bell Private Wealth Management LLC purchased a new stake in shares of The GDL Fund during the second quarter valued at $40,000. UBS Group AG grew its holdings in shares of The GDL Fund by 24.4% during the first quarter. UBS Group AG now owns 15,339 shares of the investment management company’s stock valued at $120,000 after buying an additional 3,009 shares during the last quarter. Finally, Integrated Capital Management Inc. grew its holdings in shares of The GDL Fund by 41.5% during the second quarter. Integrated Capital Management Inc. now owns 17,462 shares of the investment management company’s stock valued at $137,000 after buying an additional 5,120 shares during the last quarter.

The GDL Fund Company Profile

The GDL Fund is a closed-ended equity mutual fund launched by GAMCO Investors, Inc It is managed by Gabelli Funds, LLC. The fund invests in public equity markets across the globe. It invests in stocks of companies operating across diversified sectors. The fund invests in securities of companies involved in publicly announced mergers, takeovers, tender offers, and leveraged buyouts.