The Gabelli Global Small and Mid Cap Value Trust (NYSE:GGZ) Shares Cross Below 50 Day Moving Average of $11.69

The Gabelli Global Small and Mid Cap Value Trust (NYSE:GGZ) passed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $11.69 and traded as low as $11.22. The Gabelli Global Small and Mid Cap Value Trust shares last traded at $11.25, with a volume of 11,241 shares.

The Gabelli Global Small and Mid Cap Value Trust Stock Performance

The stock has a 50 day moving average price of $11.69 and a 200 day moving average price of $11.14.

The Gabelli Global Small and Mid Cap Value Trust Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 21st. Stockholders of record on Thursday, March 14th were paid a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a dividend yield of 5.69%. The ex-dividend date of this dividend was Wednesday, March 13th.

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

Hedge funds have recently made changes to their positions in the business. NBC Securities Inc. bought a new stake in shares of The Gabelli Global Small and Mid Cap Value Trust during the 3rd quarter worth $30,000. Advisor Group Holdings Inc. raised its stake in The Gabelli Global Small and Mid Cap Value Trust by 42.1% in the 1st quarter. Advisor Group Holdings Inc. now owns 3,558 shares of the company’s stock valued at $49,000 after acquiring an additional 1,055 shares during the period. Wolverine Asset Management LLC raised its stake in The Gabelli Global Small and Mid Cap Value Trust by 938.9% in the 3rd quarter. Wolverine Asset Management LLC now owns 10,212 shares of the company’s stock valued at $106,000 after acquiring an additional 9,229 shares during the period. AQR Arbitrage LLC bought a new stake in The Gabelli Global Small and Mid Cap Value Trust in the 3rd quarter valued at about $116,000. Finally, Comerica Bank bought a new stake in The Gabelli Global Small and Mid Cap Value Trust in the 3rd quarter valued at about $130,000.

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.