Gabelli Convertible & Income Securities Fund Inc. $GCV Shares Bought by LPL Financial LLC

LPL Financial LLC grew its holdings in shares of Gabelli Convertible & Income Securities Fund Inc. (NYSE:GCV) by 1.4% in the first quarter, according to its most recent filing with the SEC. The firm owned 687,166 shares of the investment management company’s stock after acquiring an additional 9,723 shares during the quarter. LPL Financial LLC owned about 3.47% of Gabelli Convertible & Income Securities Fund worth $2,567,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the business. Cetera Investment Advisers lifted its holdings in shares of Gabelli Convertible & Income Securities Fund by 112.0% in the first quarter. Cetera Investment Advisers now owns 61,250 shares of the investment management company’s stock valued at $229,000 after buying an additional 32,355 shares during the period. PFG Advisors lifted its holdings in shares of Gabelli Convertible & Income Securities Fund by 12.8% in the first quarter. PFG Advisors now owns 93,421 shares of the investment management company’s stock valued at $349,000 after buying an additional 10,632 shares during the period. Finally, Raymond James Financial Inc. acquired a new stake in shares of Gabelli Convertible & Income Securities Fund in the fourth quarter valued at $83,000. Institutional investors and hedge funds own 23.40% of the company’s stock.

Gabelli Convertible & Income Securities Fund Stock Performance

Shares of Gabelli Convertible & Income Securities Fund stock opened at $4.00 on Tuesday. The business has a fifty day simple moving average of $3.86 and a 200-day simple moving average of $3.75. Gabelli Convertible & Income Securities Fund Inc. has a fifty-two week low of $3.01 and a fifty-two week high of $4.34.

Insider Buying and Selling at Gabelli Convertible & Income Securities Fund

In other news, Director Thomas H. Dinsmore acquired 25,000 shares of the business’s stock in a transaction dated Thursday, June 26th. The stock was acquired at an average price of $10.00 per share, for a total transaction of $250,000.00. Following the completion of the acquisition, the director directly owned 25,000 shares in the company, valued at $250,000. This represents a ∞ increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link. 0.73% of the stock is currently owned by company insiders.

Gabelli Convertible & 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.