The Gabelli Global Small and Mid Cap Value Trust (NYSE:GGZ) Shares Pass Below 50-Day Moving Average of $11.40

The Gabelli Global Small and Mid Cap Value Trust (NYSE:GGZGet Free Report) passed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $11.40 and traded as low as $11.35. The Gabelli Global Small and Mid Cap Value Trust shares last traded at $11.54, with a volume of 54,051 shares traded.

The Gabelli Global Small and Mid Cap Value Trust Trading Up 0.5 %

The stock’s fifty day moving average price is $11.40 and its 200-day moving average price is $11.08.

The Gabelli Global Small and Mid Cap Value Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 22nd. Shareholders of record on Friday, December 15th were paid a $0.16 dividend. The ex-dividend date of this dividend was Thursday, December 14th. This represents a $0.64 annualized dividend and a yield of 5.55%.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in GGZ. Advisor Group Holdings Inc. increased its stake in The Gabelli Global Small and Mid Cap Value Trust by 42.1% in the 1st quarter. Advisor Group Holdings Inc. now owns 3,558 shares of the company’s stock valued at $49,000 after buying an additional 1,055 shares during the period. Raymond James Financial Services Advisors Inc. grew its position in The Gabelli Global Small and Mid Cap Value Trust by 7.5% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 52,047 shares of the company’s stock worth $728,000 after acquiring an additional 3,624 shares in the last quarter. UBS Group AG grew its position in The Gabelli Global Small and Mid Cap Value Trust by 2.4% in the third quarter. UBS Group AG now owns 92,721 shares of the company’s stock worth $884,000 after acquiring an additional 2,149 shares in the last quarter. Royal Bank of Canada grew its position in The Gabelli Global Small and Mid Cap Value Trust by 6.0% in the third quarter. Royal Bank of Canada now owns 32,089 shares of the company’s stock worth $306,000 after acquiring an additional 1,803 shares in the last quarter. Finally, Morgan Stanley grew its position in The Gabelli Global Small and Mid Cap Value Trust by 21.8% in the fourth quarter. Morgan Stanley now owns 395,254 shares of the company’s stock worth $4,435,000 after acquiring an additional 70,830 shares in the last quarter.

The Gabelli Global Small and Mid Cap Value Trust Company Profile

(Get Free Report)

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.

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