Mario J. Gabelli Acquires 7,700 Shares of The Gabelli Global Small and Mid Cap Value Trust (NYSE:GGZ) Stock

The Gabelli Global Small and Mid Cap Value Trust (NYSE:GGZ) insider Mario J. Gabelli bought 7,700 shares of The Gabelli Global Small and Mid Cap Value Trust stock in a transaction on Friday, January 10th. The stock was acquired at an average price of $11.67 per share, for a total transaction of $89,859.00. Following the transaction, the insider now directly owns 39,286 shares of the company’s stock, valued at approximately $458,467.62. This trade represents a 24.38 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

The Gabelli Global Small and Mid Cap Value Trust Trading Up 0.8 %

NYSE GGZ opened at $11.82 on Thursday. The stock has a fifty day simple moving average of $12.45 and a 200-day simple moving average of $12.13. The Gabelli Global Small and Mid Cap Value Trust has a twelve month low of $11.02 and a twelve month high of $13.35.

The Gabelli Global Small and Mid Cap Value Trust Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 20th. Shareholders of record on Friday, December 13th were given a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a dividend yield of 5.41%. The ex-dividend date was Friday, December 13th.

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

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Private Advisor Group LLC acquired a new position in The Gabelli Global Small and Mid Cap Value Trust during the third quarter worth $260,000. International Assets Investment Management LLC raised its holdings in shares of The Gabelli Global Small and Mid Cap Value Trust by 1,141.0% in the 3rd quarter. International Assets Investment Management LLC now owns 26,495 shares of the company’s stock valued at $329,000 after buying an additional 24,360 shares during the period. Wolverine Asset Management LLC raised its holdings in shares of The Gabelli Global Small and Mid Cap Value Trust by 299.7% in the 3rd quarter. Wolverine Asset Management LLC now owns 26,884 shares of the company’s stock valued at $334,000 after buying an additional 20,158 shares during the period. Cornerstone Advisors LLC boosted its holdings in The Gabelli Global Small and Mid Cap Value Trust by 32.3% during the 2nd quarter. Cornerstone Advisors LLC now owns 45,893 shares of the company’s stock valued at $518,000 after acquiring an additional 11,207 shares during the period. Finally, Sanctuary Advisors LLC acquired a new position in The Gabelli Global Small and Mid Cap Value Trust in the 2nd quarter valued at about $843,000.

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.