The Gabelli Global Small and Mid Cap Value Trust (NYSE:GGZ – Get Free Report) shares crossed above its fifty day moving average during trading on Wednesday. The stock has a fifty day moving average of $15.40 and traded as high as $15.62. The Gabelli Global Small and Mid Cap Value Trust shares last traded at $15.4850, with a volume of 5,297 shares changing hands.
The Gabelli Global Small and Mid Cap Value Trust Stock Up 0.7%
The firm has a fifty day moving average of $15.40 and a 200-day moving average of $15.85.
The Gabelli Global Small and Mid Cap Value Trust Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 18th. Shareholders of record on Friday, December 11th will be issued a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 5.4%. The ex-dividend date of this dividend is Friday, December 11th.
Institutional Inflows and Outflows
Several hedge funds have recently modified their holdings of GGZ. Bank of America Corp DE bought a new position in shares of The Gabelli Global Small and Mid Cap Value Trust in the 2nd quarter valued at about $1,407,000. Capstone Investment Advisors LLC acquired a new position in The Gabelli Global Small and Mid Cap Value Trust in the second quarter valued at approximately $1,126,000. Evolve Private Wealth LLC acquired a new position in The Gabelli Global Small and Mid Cap Value Trust in the second quarter valued at approximately $1,075,000. Beckerman Institutional LLC bought a new position in The Gabelli Global Small and Mid Cap Value Trust in the second quarter valued at approximately $933,000. Finally, Silverlake Wealth Management LLC bought a new position in The Gabelli Global Small and Mid Cap Value Trust in the second quarter valued at approximately $244,000.
About The Gabelli Global Small and Mid Cap Value Trust
The Gabelli Global Small and Mid Cap Value Trust (NYSE:GGZ) is a diversified, closed-end investment company that seeks long-term growth of capital. The fund invests primarily in equity securities of small- and mid-capitalization companies that its investment adviser believes are undervalued relative to their underlying businesses and growth prospects. GGZ provides shareholders with exposure to companies across global markets, including the United States and international developed and emerging economies.
Recommended Stories
- Five stocks we like better than The Gabelli Global Small and Mid Cap Value Trust
- Keeping AI Cool: AAON Rides the AI Heatwave to Record Growth
- AST SpaceMobile Has a New Rocket Plan, But Its Cash-Burn Problem Isn’t Going Away
- Powering Up the Moon: Redwire’s $40 Million NASA Award
- Can Constellation Energy’s Contracts Power a Stock Rebound?
Receive News & Ratings for The Gabelli Global Small and Mid Cap Value Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Gabelli Global Small and Mid Cap Value Trust and related companies with MarketBeat.com's FREE daily email newsletter.
