International Assets Investment Management LLC Invests $183,000 in The Gabelli Convertible and Income Securities Fund Inc. (NYSE:GCV)

International Assets Investment Management LLC bought a new position in shares of The Gabelli Convertible and Income Securities Fund Inc. (NYSE:GCV) during the 4th quarter, HoldingsChannel reports. The fund bought 50,843 shares of the investment management company’s stock, valued at approximately $183,000.

Other large investors also recently modified their holdings of the company. Atria Wealth Solutions Inc. grew its stake in The Gabelli Convertible and Income Securities Fund by 16.0% during the third quarter. Atria Wealth Solutions Inc. now owns 35,133 shares of the investment management company’s stock worth $132,000 after purchasing an additional 4,849 shares during the period. Landscape Capital Management L.L.C. acquired a new stake in The Gabelli Convertible and Income Securities Fund during the third quarter worth approximately $95,000. Wolverine Asset Management LLC grew its stake in The Gabelli Convertible and Income Securities Fund by 72.9% during the third quarter. Wolverine Asset Management LLC now owns 36,608 shares of the investment management company’s stock worth $137,000 after purchasing an additional 15,432 shares during the period. MGO One Seven LLC acquired a new stake in The Gabelli Convertible and Income Securities Fund during the third quarter worth approximately $45,000. Finally, Commonwealth Equity Services LLC grew its stake in The Gabelli Convertible and Income Securities Fund by 27.6% during the third quarter. Commonwealth Equity Services LLC now owns 49,048 shares of the investment management company’s stock worth $184,000 after purchasing an additional 10,622 shares during the period. 23.40% of the stock is owned by institutional investors and hedge funds.

The Gabelli Convertible and Income Securities Fund Price Performance

Shares of The Gabelli Convertible and Income Securities Fund stock opened at $3.53 on Monday. The Gabelli Convertible and Income Securities Fund Inc. has a 52 week low of $3.15 and a 52 week high of $4.58. The stock has a 50 day moving average price of $3.62 and a two-hundred day moving average price of $3.57.

The Gabelli Convertible and Income Securities Fund Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, March 21st. Stockholders of record on Thursday, March 14th were issued a $0.12 dividend. The ex-dividend date was Wednesday, March 13th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 13.60%.

The Gabelli Convertible and Income Securities Fund Company Profile

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.