25,044 Shares in The Gabelli Global Small and Mid Cap Value Trust (NYSE:GGZ) Purchased by International Assets Investment Management LLC

International Assets Investment Management LLC bought a new stake in The Gabelli Global Small and Mid Cap Value Trust (NYSE:GGZ) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 25,044 shares of the company’s stock, valued at approximately $294,000.

Several other institutional investors have also added to or reduced their stakes in the stock. AQR Arbitrage LLC bought a new stake in The Gabelli Global Small and Mid Cap Value Trust in the third quarter valued at approximately $116,000. Wolverine Asset Management LLC boosted its holdings in The Gabelli Global Small and Mid Cap Value Trust by 938.9% in the third 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 last quarter. NBC Securities Inc. bought a new stake in The Gabelli Global Small and Mid Cap Value Trust in the third quarter valued at approximately $30,000. Shaker Financial Services LLC bought a new position in shares of The Gabelli Global Small and Mid Cap Value Trust during the 3rd quarter worth approximately $474,000. Finally, 180 Wealth Advisors LLC boosted its holdings in shares of The Gabelli Global Small and Mid Cap Value Trust by 8.2% during the 3rd quarter. 180 Wealth Advisors LLC now owns 52,174 shares of the company’s stock worth $541,000 after buying an additional 3,964 shares in the last quarter.

The Gabelli Global Small and Mid Cap Value Trust Stock Performance

The Gabelli Global Small and Mid Cap Value Trust stock opened at $11.39 on Friday. The Gabelli Global Small and Mid Cap Value Trust has a 52-week low of $9.43 and a 52-week high of $12.50. The stock’s 50 day moving average price is $11.63 and its two-hundred day moving average price is $11.20.

The Gabelli Global Small and Mid Cap Value Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 21st. Shareholders of record on Thursday, March 14th were issued a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a dividend yield of 5.62%. The ex-dividend date was Wednesday, March 13th.

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.