The Gabelli Global Small and Mid Cap Value Trust (NYSE:GGZ) Shares Sold by Raymond James & Associates

Raymond James & Associates trimmed its holdings in shares of The Gabelli Global Small and Mid Cap Value Trust (NYSE:GGZ) by 31.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 78,432 shares of the company’s stock after selling 35,277 shares during the period. Raymond James & Associates’ holdings in The Gabelli Global Small and Mid Cap Value Trust were worth $920,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of GGZ. Shaker Financial Services LLC acquired a new stake in The Gabelli Global Small and Mid Cap Value Trust during the 3rd quarter valued at approximately $474,000. Private Management Group Inc. increased its holdings in shares of The Gabelli Global Small and Mid Cap Value Trust by 12.2% during the 3rd quarter. Private Management Group Inc. now owns 294,991 shares of the company’s stock valued at $3,056,000 after purchasing an additional 32,139 shares in the last quarter. AQR Arbitrage LLC purchased a new position in shares of The Gabelli Global Small and Mid Cap Value Trust during the 3rd quarter valued at approximately $116,000. Wolverine Asset Management LLC increased its holdings in shares of The Gabelli Global Small and Mid Cap Value Trust by 938.9% during the 3rd quarter. Wolverine Asset Management LLC now owns 10,212 shares of the company’s stock valued at $106,000 after purchasing an additional 9,229 shares in the last quarter. Finally, 180 Wealth Advisors LLC increased its holdings in shares of The Gabelli Global Small and Mid Cap Value Trust by 8.2% during the 3rd quarter. 180 Wealth Advisors LLC now owns 52,174 shares of the company’s stock valued at $541,000 after purchasing an additional 3,964 shares in the last quarter.

The Gabelli Global Small and Mid Cap Value Trust Stock Up 1.3 %

NYSE:GGZ opened at $11.30 on Tuesday. The company has a 50 day moving average price of $11.65 and a 200-day moving average price of $11.17. The Gabelli Global Small and Mid Cap Value Trust has a 1-year low of $9.43 and a 1-year high of $12.50.

The Gabelli Global Small and Mid Cap Value Trust Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 21st. Stockholders of record on Thursday, March 14th were issued a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a dividend yield of 5.66%. The ex-dividend date of this dividend was Wednesday, March 13th.

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.