Gabelli Convertible & Income Securities Fund (NYSE:GCV) Stock Passes Above Two Hundred Day Moving Average – What’s Next?

Shares of Gabelli Convertible & Income Securities Fund Inc. (NYSE:GCV) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $4.29 and traded as high as $4.35. Gabelli Convertible & Income Securities Fund shares last traded at $4.33, with a volume of 32,086 shares.

Gabelli Convertible & Income Securities Fund Trading Up 0.2%

The company has a fifty day moving average price of $4.42 and a 200 day moving average price of $4.30.

Gabelli Convertible & Income Securities Fund Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 24th. Shareholders of record on Tuesday, March 17th were paid a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 11.1%. The ex-dividend date was Tuesday, March 17th.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. PFG Advisors raised its holdings in shares of Gabelli Convertible & Income Securities Fund by 2.9% in the 4th quarter. PFG Advisors now owns 142,900 shares of the investment management company’s stock worth $593,000 after acquiring an additional 4,059 shares during the last quarter. Wolverine Asset Management LLC boosted its stake in Gabelli Convertible & Income Securities Fund by 80.3% during the 3rd quarter. Wolverine Asset Management LLC now owns 69,549 shares of the investment management company’s stock valued at $287,000 after purchasing an additional 30,970 shares during the last quarter. Kestra Advisory Services LLC increased its holdings in Gabelli Convertible & Income Securities Fund by 59.2% during the 4th quarter. Kestra Advisory Services LLC now owns 57,251 shares of the investment management company’s stock worth $238,000 after purchasing an additional 21,290 shares in the last quarter. Cetera Investment Advisers raised its stake in shares of Gabelli Convertible & Income Securities Fund by 4.1% in the fourth quarter. Cetera Investment Advisers now owns 56,831 shares of the investment management company’s stock worth $236,000 after purchasing an additional 2,252 shares during the last quarter. Finally, Susquehanna International Group LLP purchased a new stake in shares of Gabelli Convertible & Income Securities Fund in the third quarter worth approximately $186,000. 23.40% of the stock is owned by institutional investors.

Gabelli Convertible & Income Securities Fund Company Profile

Gabelli Convertible & Income Securities Fund (NYSE: GCV) is a closed-end management investment company that seeks to provide current income and capital appreciation by investing primarily in convertible securities and other fixed-income instruments. The fund’s portfolio typically includes convertible corporate bonds, preferred stocks, and equities of companies that offer the potential for both income generation and price appreciation through embedded option features.

The fund pursues a strategy that combines credit analysis with equity valuation to identify convertible securities that offer attractive yields relative to their risk profiles.