Shaker Financial Services LLC Buys 33,568 Shares of The Gabelli Global Small and Mid Cap Value Trust (NYSE:GGZ)

Shaker Financial Services LLC increased its stake in The Gabelli Global Small and Mid Cap Value Trust (NYSE:GGZ) by 54.0% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 95,751 shares of the company’s stock after acquiring an additional 33,568 shares during the period. Shaker Financial Services LLC’s holdings in The Gabelli Global Small and Mid Cap Value Trust were worth $1,120,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in GGZ. Sanctuary Advisors LLC grew its position in The Gabelli Global Small and Mid Cap Value Trust by 1.6% during the third 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. 180 Wealth Advisors LLC boosted its stake in shares of The Gabelli Global Small and Mid Cap Value Trust by 5.0% in the 4th quarter. 180 Wealth Advisors LLC now owns 91,693 shares of the company’s stock valued at $1,073,000 after purchasing an additional 4,407 shares in the last quarter. Private Advisor Group LLC boosted its stake in shares of The Gabelli Global Small and Mid Cap Value Trust by 21.3% in the 4th quarter. Private Advisor Group LLC now owns 25,417 shares of the company’s stock valued at $297,000 after purchasing an additional 4,466 shares in the last quarter. Wolverine Asset Management LLC grew its holdings in shares of The Gabelli Global Small and Mid Cap Value Trust by 8.9% during the 4th quarter. Wolverine Asset Management LLC now owns 29,283 shares of the company’s stock valued at $343,000 after purchasing an additional 2,399 shares during the last quarter. Finally, WealthShield Partners LLC purchased a new position in The Gabelli Global Small and Mid Cap Value Trust in the 4th quarter worth $147,000.

The Gabelli Global Small and Mid Cap Value Trust Price Performance

NYSE:GGZ opened at $11.41 on Monday. The Gabelli Global Small and Mid Cap Value Trust has a fifty-two week low of $10.50 and a fifty-two week high of $13.35. The business has a 50 day moving average price of $11.97 and a 200-day moving average price of $12.23.

The Gabelli Global Small and Mid Cap Value Trust Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 24th. Investors of record on Monday, March 17th were issued a dividend of $0.16 per share. The ex-dividend date was Monday, March 17th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 5.61%.

About The Gabelli Global Small and Mid Cap Value Trust

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.