The Gabelli Convertible and Income Securities Fund (NYSE:GCV) Stock Price Crosses Above 50 Day Moving Average of $3.62

The Gabelli Convertible and Income Securities Fund Inc. (NYSE:GCV)’s share price passed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $3.62 and traded as high as $3.64. The Gabelli Convertible and Income Securities Fund shares last traded at $3.63, with a volume of 35,469 shares changing hands.

The Gabelli Convertible and Income Securities Fund Price Performance

The business has a 50-day moving average of $3.62 and a 200-day moving average of $3.57.

The Gabelli Convertible and Income Securities Fund Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 21st. Stockholders of record on Thursday, March 14th were issued a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 13.22%. The ex-dividend date was Wednesday, March 13th.

Institutional Trading of The Gabelli Convertible and Income Securities Fund

Several institutional investors and hedge funds have recently bought and sold shares of the business. Atria Wealth Solutions Inc. increased its stake in The Gabelli Convertible and Income Securities Fund by 16.0% in the third quarter. Atria Wealth Solutions Inc. now owns 35,133 shares of the investment management company’s stock valued at $132,000 after purchasing an additional 4,849 shares during the period. SFI Advisors LLC raised its stake in The Gabelli Convertible and Income Securities Fund by 13.1% during the 3rd quarter. SFI Advisors LLC now owns 62,325 shares of the investment management company’s stock valued at $234,000 after acquiring an additional 7,216 shares during the last quarter. Principal Securities Inc. acquired a new stake in The Gabelli Convertible and Income Securities Fund during the 4th quarter worth approximately $27,000. Commonwealth Equity Services LLC grew its stake in shares of The Gabelli Convertible and Income Securities Fund by 27.6% in the 3rd quarter. Commonwealth Equity Services LLC now owns 49,048 shares of the investment management company’s stock valued at $184,000 after purchasing an additional 10,622 shares during the last quarter. Finally, L.M. Kohn & Company increased its holdings in shares of The Gabelli Convertible and Income Securities Fund by 47.1% in the fourth quarter. L.M. Kohn & Company now owns 34,875 shares of the investment management company’s stock valued at $126,000 after purchasing an additional 11,167 shares during the period. Hedge funds and other institutional investors own 23.40% of the company’s stock.

The Gabelli Convertible and 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.