Wells Fargo & Company MN Reduces Position in The Gabelli Global Small and Mid Cap Value Trust (NYSE:GGZ)

Wells Fargo & Company MN lessened its stake in shares of The Gabelli Global Small and Mid Cap Value Trust (NYSE:GGZ) by 1.4% during the 4th quarter, Holdings Channel reports. The firm owned 71,727 shares of the company’s stock after selling 985 shares during the quarter. Wells Fargo & Company MN’s holdings in The Gabelli Global Small and Mid Cap Value Trust were worth $839,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently bought and sold shares of the stock. Independent Advisor Alliance purchased a new stake in The Gabelli Global Small and Mid Cap Value Trust during the 4th quarter worth approximately $118,000. Blue Bell Private Wealth Management LLC boosted its holdings in shares of The Gabelli Global Small and Mid Cap Value Trust by 12.4% in the 4th quarter. Blue Bell Private Wealth Management LLC now owns 102,258 shares of the company’s stock valued at $1,196,000 after acquiring an additional 11,262 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in shares of The Gabelli Global Small and Mid Cap Value Trust in the 4th quarter valued at $329,000. WealthShield Partners LLC purchased a new stake in shares of The Gabelli Global Small and Mid Cap Value Trust in the 4th quarter valued at $147,000. Finally, Wolverine Asset Management LLC boosted its holdings in shares of The Gabelli Global Small and Mid Cap Value Trust by 8.9% in the 4th quarter. Wolverine Asset Management LLC now owns 29,283 shares of the company’s stock valued at $343,000 after acquiring an additional 2,399 shares during the last quarter.

The Gabelli Global Small and Mid Cap Value Trust Stock Down 0.8 %

GGZ stock opened at $11.91 on Thursday. The firm’s fifty day simple moving average is $11.83 and its 200-day simple moving average is $12.20. The Gabelli Global Small and Mid Cap Value Trust has a 12 month low of $10.50 and a 12 month high of $13.35.

The Gabelli Global Small and Mid Cap Value Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 24th. Stockholders of record on Monday, March 17th were issued a $0.16 dividend. This represents a $0.64 annualized dividend and a dividend yield of 5.37%. The ex-dividend date of this dividend was Monday, March 17th.

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.