Janney Montgomery Scott LLC acquired a new position in shares of The Gabelli Convertible and Income Securities Fund Inc. (NYSE:GCV – Free Report) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 46,826 shares of the investment management company’s stock, valued at approximately $178,000.
Other hedge funds also recently added to or reduced their stakes in the company. Wolverine Asset Management LLC acquired a new position in The Gabelli Convertible and Income Securities Fund during the 3rd quarter worth $39,000. Shaker Financial Services LLC acquired a new position in The Gabelli Convertible and Income Securities Fund during the 3rd quarter worth $52,000. Finally, World Investment Advisors LLC acquired a new position in The Gabelli Convertible and Income Securities Fund during the 3rd quarter worth $405,000. 23.40% of the stock is owned by institutional investors and hedge funds.
The Gabelli Convertible and Income Securities Fund Price Performance
Shares of GCV stock opened at $3.93 on Friday. The Gabelli Convertible and Income Securities Fund Inc. has a 1-year low of $3.35 and a 1-year high of $4.34. The firm has a fifty day moving average of $3.88 and a two-hundred day moving average of $3.84.
About The Gabelli Convertible and Income Securities Fund
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.
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