The Gabelli Global Small and Mid Cap Value Trust (NYSE:GGZ) Shares Cross Below 50 Day Moving Average of $11.69

The Gabelli Global Small and Mid Cap Value Trust (NYSE:GGZ)’s share price crossed 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 trading hands.

The Gabelli Global Small and Mid Cap Value Trust Stock Performance

The business has a fifty day moving average of $11.69 and a 200 day moving average of $11.14.

The Gabelli Global Small and Mid Cap Value Trust Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 21st. Investors of record on Thursday, March 14th were issued a dividend of $0.16 per share. The ex-dividend date of this dividend was Wednesday, March 13th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 5.69%.

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 GGZ. Morgan Stanley raised its holdings in The Gabelli Global Small and Mid Cap Value Trust by 21.8% in the fourth quarter. Morgan Stanley now owns 395,254 shares of the company’s stock worth $4,435,000 after purchasing an additional 70,830 shares in the last quarter. Shaker Financial Services LLC purchased a new stake in shares of The Gabelli Global Small and Mid Cap Value Trust in the third quarter worth $474,000. Private Management Group Inc. grew its stake in shares of The Gabelli Global Small and Mid Cap Value Trust by 12.2% in the third quarter. Private Management Group Inc. now owns 294,991 shares of the company’s stock worth $3,056,000 after acquiring an additional 32,139 shares during the last quarter. Advisor Group Holdings Inc. grew its stake in shares of The Gabelli Global Small and Mid Cap Value Trust by 814.2% in the fourth quarter. Advisor Group Holdings Inc. now owns 33,049 shares of the company’s stock worth $372,000 after acquiring an additional 29,434 shares during the last quarter. Finally, Silverlake Wealth Management LLC purchased a new stake in shares of The Gabelli Global Small and Mid Cap Value Trust in the fourth quarter worth $307,000.

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.