International Assets Investment Management LLC Raises Stock Position in The Gabelli Global Small and Mid Cap Value Trust (NYSE:GGZ)

International Assets Investment Management LLC grew its position in shares of The Gabelli Global Small and Mid Cap Value Trust (NYSE:GGZ) by 1,141.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 26,495 shares of the company’s stock after purchasing an additional 24,360 shares during the period. International Assets Investment Management LLC’s holdings in The Gabelli Global Small and Mid Cap Value Trust were worth $329,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Private Advisor Group LLC purchased a new position in shares of The Gabelli Global Small and Mid Cap Value Trust during the third quarter valued at about $260,000. Cornerstone Advisors LLC grew its position in shares of The Gabelli Global Small and Mid Cap Value Trust by 32.3% during the second quarter. Cornerstone Advisors LLC now owns 45,893 shares of the company’s stock valued at $518,000 after purchasing an additional 11,207 shares in the last quarter. Sanctuary Advisors LLC purchased a new position in shares of The Gabelli Global Small and Mid Cap Value Trust during the second quarter valued at about $843,000. 180 Wealth Advisors LLC grew its position in shares of The Gabelli Global Small and Mid Cap Value Trust by 12.4% during the second quarter. 180 Wealth Advisors LLC now owns 78,340 shares of the company’s stock valued at $912,000 after purchasing an additional 8,641 shares in the last quarter. Finally, Blue Bell Private Wealth Management LLC grew its position in shares of The Gabelli Global Small and Mid Cap Value Trust by 8.3% during the second quarter. Blue Bell Private Wealth Management LLC now owns 81,586 shares of the company’s stock valued at $921,000 after purchasing an additional 6,250 shares in the last quarter.

The Gabelli Global Small and Mid Cap Value Trust Stock Performance

Shares of The Gabelli Global Small and Mid Cap Value Trust stock opened at $12.58 on Thursday. The business has a 50-day moving average price of $12.18 and a 200-day moving average price of $11.82. The Gabelli Global Small and Mid Cap Value Trust has a twelve month low of $10.17 and a twelve month high of $12.59.

The Gabelli Global Small and Mid Cap Value Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, September 23rd. Investors of record on Monday, September 16th were issued a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a dividend yield of 5.09%. The ex-dividend date was Monday, September 16th.

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.