The Gabelli Global Small and Mid Cap Value Trust (NYSE:GGZ) Shares Pass Above Fifty Day Moving Average – What’s Next?

The Gabelli Global Small and Mid Cap Value Trust (NYSE:GGZ)’s share price passed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $16.08 and traded as high as $16.65. The Gabelli Global Small and Mid Cap Value Trust shares last traded at $16.63, with a volume of 4,024 shares.

The Gabelli Global Small and Mid Cap Value Trust Stock Down 0.2%

The firm’s 50 day moving average is $16.08 and its 200 day moving average is $15.90.

The Gabelli Global Small and Mid Cap Value Trust Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 23rd. Shareholders of record on Monday, June 15th were issued a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 5.1%. The ex-dividend date of this dividend was Monday, June 15th.

Hedge Funds Weigh In On The Gabelli Global Small and Mid Cap Value Trust

A number of hedge funds have recently modified their holdings of GGZ. Bank of America Corp DE boosted its holdings in shares of The Gabelli Global Small and Mid Cap Value Trust by 71.1% during the third quarter. Bank of America Corp DE now owns 150,953 shares of the company’s stock worth $2,181,000 after purchasing an additional 62,718 shares during the period. Blue Bell Private Wealth Management LLC grew its stake in shares of The Gabelli Global Small and Mid Cap Value Trust by 12.3% in the fourth quarter. Blue Bell Private Wealth Management LLC now owns 148,001 shares of the company’s stock worth $2,220,000 after purchasing an additional 16,220 shares during the last quarter. 180 Wealth Advisors LLC increased its holdings in The Gabelli Global Small and Mid Cap Value Trust by 2.9% during the 1st quarter. 180 Wealth Advisors LLC now owns 119,812 shares of the company’s stock valued at $1,800,000 after purchasing an additional 3,332 shares during the period. Osaic Holdings Inc. increased its holdings in The Gabelli Global Small and Mid Cap Value Trust by 5.2% during the 4th quarter. Osaic Holdings Inc. now owns 102,589 shares of the company’s stock valued at $1,539,000 after purchasing an additional 5,068 shares during the period. Finally, Evolve Private Wealth LLC purchased a new position in The Gabelli Global Small and Mid Cap Value Trust during the 4th quarter valued at about $1,050,000.

About The Gabelli Global Small and Mid Cap Value Trust

The Gabelli Global Small and Mid Cap Value Trust (NYSE: GGZ) is a closed-end management investment company that seeks long-term capital appreciation by investing primarily in the equity securities of small- and mid-capitalization companies around the world. By focusing on businesses that are typically underfollowed or underrepresented by the broader market, the Trust aims to capture value opportunities in developed and emerging markets alike. Its portfolio is diversified across sectors, with an emphasis on companies whose shares appear undervalued relative to their intrinsic business prospects.

Adopting a value-oriented, bottom-up investment approach, the Trust’s management team conducts in-depth fundamental research to identify global small and mid cap companies with strong balance sheets, proven business models and potential for above-average earnings growth.