Advisors Asset Management Inc. Buys 2,676 Shares of General American Investors, Inc. $GAM

Advisors Asset Management Inc. boosted its stake in General American Investors, Inc. (NYSE:GAM) by 3.4% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 80,706 shares of the investment management company’s stock after buying an additional 2,676 shares during the period. Advisors Asset Management Inc. owned 0.34% of General American Investors worth $4,523,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the company. Jones Financial Companies Lllp increased its stake in shares of General American Investors by 79,052.6% in the 1st quarter. Jones Financial Companies Lllp now owns 45,117 shares of the investment management company’s stock worth $2,106,000 after acquiring an additional 45,060 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its stake in shares of General American Investors by 10.0% in the second quarter. Allspring Global Investments Holdings LLC now owns 367,595 shares of the investment management company’s stock worth $20,600,000 after buying an additional 33,338 shares in the last quarter. CWM LLC lifted its position in General American Investors by 119.8% in the 1st quarter. CWM LLC now owns 1,321 shares of the investment management company’s stock valued at $67,000 after acquiring an additional 720 shares in the last quarter. Park Avenue Securities LLC boosted its position in shares of General American Investors by 11.0% during the second quarter. Park Avenue Securities LLC now owns 31,823 shares of the investment management company’s stock valued at $1,783,000 after buying an additional 3,141 shares during the last quarter. Finally, Bank of Montreal Can bought a new stake in shares of General American Investors in the second quarter worth approximately $203,000. 36.85% of the stock is currently owned by institutional investors.

General American Investors Trading Up 1.1%

Shares of GAM opened at $58.48 on Friday. The firm has a fifty day simple moving average of $61.90 and a two-hundred day simple moving average of $58.62. General American Investors, Inc. has a 1-year low of $41.80 and a 1-year high of $64.40.

General American Investors Increases Dividend

The firm also recently declared an annual dividend, which will be paid on Friday, December 26th. Stockholders of record on Monday, November 17th will be paid a dividend of $6.40 per share. The ex-dividend date is Monday, November 17th. This represents a dividend yield of 1,125.0%. This is a boost from General American Investors’s previous annual dividend of $0.45.

General American Investors Profile

General American Investors Company, Inc is a publicly owned investment manager. The firm invests in the public equity markets of United States. It invests in growth stocks of companies. It makes investments in Information Technology, Financials, Consumer Staples, Consumer Discretionary, Retailing, Communication Services, Industrials, Health Care, Energy and Materials.