The Gabelli Global Small and Mid Cap Value Trust (NYSE:GGZ) Insider Mario J. Gabelli Acquires 6,300 Shares

The Gabelli Global Small and Mid Cap Value Trust (NYSE:GGZ) insider Mario J. Gabelli acquired 6,300 shares of the business’s stock in a transaction dated Monday, January 13th. The stock was purchased at an average cost of $11.66 per share, for a total transaction of $73,458.00. Following the transaction, the insider now owns 45,586 shares in the company, valued at approximately $531,532.76. The trade was a 16.04 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

The Gabelli Global Small and Mid Cap Value Trust Price Performance

Shares of GGZ opened at $11.89 on Friday. The Gabelli Global Small and Mid Cap Value Trust has a 1-year low of $11.02 and a 1-year high of $13.35. The company’s fifty day moving average price is $12.43 and its 200-day moving average price is $12.13.

The Gabelli Global Small and Mid Cap Value Trust Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Friday, December 13th were issued a $0.16 dividend. The ex-dividend date was Friday, December 13th. This represents a $0.64 dividend on an annualized basis and a yield of 5.38%.

Institutional Investors Weigh In On The Gabelli Global Small and Mid Cap Value Trust

A number of institutional investors have recently added to or reduced their stakes in GGZ. Sanctuary Advisors LLC purchased a new position in The Gabelli Global Small and Mid Cap Value Trust in the 2nd quarter valued at about $843,000. International Assets Investment Management LLC grew its holdings in shares of The Gabelli Global Small and Mid Cap Value Trust by 1,141.0% in the third quarter. International Assets Investment Management LLC now owns 26,495 shares of the company’s stock valued at $329,000 after purchasing an additional 24,360 shares during the period. Private Advisor Group LLC purchased a new stake in shares of The Gabelli Global Small and Mid Cap Value Trust during the 3rd quarter valued at approximately $260,000. Wolverine Asset Management LLC increased its position in shares of 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 worth $334,000 after purchasing an additional 20,158 shares during the last quarter. Finally, Cornerstone Advisors LLC lifted its holdings in shares of The Gabelli Global Small and Mid Cap Value Trust by 32.3% in the 2nd quarter. Cornerstone Advisors LLC now owns 45,893 shares of the company’s stock worth $518,000 after acquiring an additional 11,207 shares during the last quarter.

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.