Gabelli Global Small Md Cp Vl Trst (NYSE:GGZ) Share Price Crosses Below 50-Day Moving Average of $11.51

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Gabelli Global Small Md Cp Vl Trst (NYSE:GGZ) crossed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $11.51 and traded as low as $11.45. Gabelli Global Small Md Cp Vl Trst shares last traded at $11.60, with a volume of 2,087 shares changing hands.

The company also recently declared a quarterly dividend, which will be paid on Friday, June 21st. Shareholders of record on Friday, June 14th will be paid a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 4.88%. The ex-dividend date of this dividend is Thursday, June 13th.

In other news, insider Mario J. Gabelli purchased 5,000 shares of the firm’s stock in a transaction on Monday, June 10th. The stock was purchased at an average cost of $11.55 per share, with a total value of $57,750.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Mario J. Gabelli purchased 9,000 shares of the firm’s stock in a transaction on Wednesday, May 29th. The shares were purchased at an average cost of $11.28 per share, with a total value of $101,520.00. The disclosure for this purchase can be found here.

A number of hedge funds and other institutional investors have recently modified their holdings of GGZ. Raymond James & Associates boosted its stake in shares of Gabelli Global Small Md Cp Vl Trst by 18.8% during the 1st quarter. Raymond James & Associates now owns 377,377 shares of the company’s stock worth $4,441,000 after acquiring an additional 59,601 shares in the last quarter. Bank of America Corp DE boosted its stake in shares of Gabelli Global Small Md Cp Vl Trst by 16.2% during the 4th quarter. Bank of America Corp DE now owns 415,583 shares of the company’s stock worth $4,064,000 after acquiring an additional 57,969 shares in the last quarter. Matisse Capital boosted its stake in shares of Gabelli Global Small Md Cp Vl Trst by 23.2% during the 1st quarter. Matisse Capital now owns 220,800 shares of the company’s stock worth $2,599,000 after acquiring an additional 41,600 shares in the last quarter. Round Table Services LLC bought a new stake in shares of Gabelli Global Small Md Cp Vl Trst during the 1st quarter worth $228,000. Finally, Stifel Financial Corp bought a new stake in shares of Gabelli Global Small Md Cp Vl Trst during the 4th quarter worth $98,000.

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About Gabelli Global Small Md Cp Vl Trst (NYSE:GGZ)

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.

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