Cornerstone Advisors LLC Sells 32,867 Shares of The Gabelli Global Small and Mid Cap Value Trust (NYSE:GGZ)

Cornerstone Advisors LLC cut its stake in shares of The Gabelli Global Small and Mid Cap Value Trust (NYSE:GGZ) by 71.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 13,026 shares of the company’s stock after selling 32,867 shares during the quarter. Cornerstone Advisors LLC’s holdings in The Gabelli Global Small and Mid Cap Value Trust were worth $162,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of GGZ. Shaker Financial Services LLC boosted its stake in shares of The Gabelli Global Small and Mid Cap Value Trust by 4.8% in the 2nd quarter. Shaker Financial Services LLC now owns 81,994 shares of the company’s stock valued at $926,000 after purchasing an additional 3,746 shares in the last quarter. Blue Bell Private Wealth Management LLC lifted its holdings in shares of The Gabelli Global Small and Mid Cap Value Trust by 8.3% during the second quarter. Blue Bell Private Wealth Management LLC now owns 81,586 shares of the company’s stock valued at $921,000 after purchasing an additional 6,250 shares during the last quarter. 180 Wealth Advisors LLC raised its stake in The Gabelli Global Small and Mid Cap Value Trust by 12.4% during the second quarter. 180 Wealth Advisors LLC now owns 78,340 shares of the company’s stock valued at $912,000 after buying an additional 8,641 shares during the last quarter. Wolverine Asset Management LLC grew its position in The Gabelli Global Small and Mid Cap Value Trust by 299.7% during the 3rd quarter. Wolverine Asset Management LLC now owns 26,884 shares of the company’s stock valued at $334,000 after purchasing an additional 20,158 shares during the last quarter. Finally, Private Advisor Group LLC bought a new stake in shares of The Gabelli Global Small and Mid Cap Value Trust during the third quarter valued at approximately $260,000.

The Gabelli Global Small and Mid Cap Value Trust Stock Up 2.0 %

Shares of NYSE GGZ opened at $12.77 on Friday. The Gabelli Global Small and Mid Cap Value Trust has a 52-week low of $10.56 and a 52-week high of $12.91. The firm’s 50-day moving average price is $12.32 and its 200-day moving average price is $11.91.

The Gabelli Global Small and Mid Cap Value Trust Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Friday, December 13th will be issued a dividend of $0.16 per share. The ex-dividend date of this dividend is Friday, December 13th. This represents a $0.64 dividend on an annualized basis and a yield of 5.01%.

The Gabelli Global Small and Mid Cap Value Trust 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.