Independent Advisor Alliance Makes New Investment in The Gabelli Global Small and Mid Cap Value Trust (NYSE:GGZ)

Independent Advisor Alliance purchased a new position in shares of The Gabelli Global Small and Mid Cap Value Trust (NYSE:GGZ) in the 4th quarter, Holdings Channel reports. The firm purchased 10,090 shares of the company’s stock, valued at approximately $118,000.

Other hedge funds also recently bought and sold shares of the company. WealthShield Partners LLC purchased a new position in The Gabelli Global Small and Mid Cap Value Trust during the fourth quarter worth $147,000. Private Advisor Group LLC increased its position in The Gabelli Global Small and Mid Cap Value Trust by 21.3% during the fourth quarter. Private Advisor Group LLC now owns 25,417 shares of the company’s stock worth $297,000 after buying an additional 4,466 shares in the last quarter. Raymond James Financial Inc. purchased a new position in The Gabelli Global Small and Mid Cap Value Trust during the fourth quarter worth $329,000. Wolverine Asset Management LLC increased its position in The Gabelli Global Small and Mid Cap Value Trust by 8.9% during the fourth quarter. Wolverine Asset Management LLC now owns 29,283 shares of the company’s stock worth $343,000 after buying an additional 2,399 shares in the last quarter. Finally, Sanctuary Advisors LLC raised its holdings in The Gabelli Global Small and Mid Cap Value Trust by 1.6% in the 3rd quarter. Sanctuary Advisors LLC now owns 75,224 shares of the company’s stock valued at $968,000 after acquiring an additional 1,213 shares during the last quarter.

The Gabelli Global Small and Mid Cap Value Trust Price Performance

Shares of The Gabelli Global Small and Mid Cap Value Trust stock opened at $12.35 on Friday. The Gabelli Global Small and Mid Cap Value Trust has a fifty-two week low of $11.02 and a fifty-two week high of $13.35. The business’s fifty day moving average is $12.26 and its two-hundred day moving average is $12.31.

The Gabelli Global Small and Mid Cap Value Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 24th. Investors of record on Monday, March 17th will be given a dividend of $0.16 per share. The ex-dividend date of this dividend is Monday, March 17th. This represents a $0.64 annualized dividend and a yield of 5.18%.

Insiders Place Their Bets

In other The Gabelli Global Small and Mid Cap Value Trust news, insider Mario J. Gabelli purchased 6,300 shares of the stock in a transaction on Monday, January 13th. The stock was bought at an average price of $11.66 per share, for a total transaction of $73,458.00. Following the acquisition, the insider now directly owns 45,586 shares of the company’s stock, valued at $531,532.76. This represents a 16.04 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at this link.

The Gabelli Global Small and Mid Cap Value Trust Company Profile

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.