The Gabelli Convertible and Income Securities Fund Inc. (NYSE:GCV - Get Free Report) passed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $3.70 and traded as low as $3.67. The Gabelli Convertible and Income Securities Fund shares last traded at $3.69, with a volume of 22,830 shares traded.
The Gabelli Convertible and Income Securities Fund Stock Performance
The business's fifty day simple moving average is $3.83 and its 200 day simple moving average is $3.70.
The Gabelli Convertible and Income Securities Fund Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Monday, September 23rd. Investors of record on Monday, September 16th were issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 13.01%. The ex-dividend date of this dividend was Monday, September 16th.
Insider Buying and Selling at The Gabelli Convertible and Income Securities Fund
In other news, insider Mario J. Gabelli sold 8,000 shares of The Gabelli Convertible and Income Securities Fund stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $4.00, for a total transaction of $32,000.00. Following the completion of the sale, the insider now owns 1,092,000 shares in the company, valued at $4,368,000. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In the last ninety days, insiders have sold 14,093 shares of company stock worth $54,846. Insiders own 0.78% of the company's stock.
Institutional Investors Weigh In On The Gabelli Convertible and Income Securities Fund
Several large investors have recently modified their holdings of GCV. M&R Capital Management Inc. lifted its position in The Gabelli Convertible and Income Securities Fund by 316.9% in the 3rd quarter. M&R Capital Management Inc. now owns 7,767 shares of the investment management company's stock valued at $29,000 after acquiring an additional 5,904 shares in the last quarter. Janney Montgomery Scott LLC boosted its position in shares of The Gabelli Convertible and Income Securities Fund by 91.7% during the first quarter. Janney Montgomery Scott LLC now owns 24,248 shares of the investment management company's stock worth $90,000 after buying an additional 11,597 shares during the period. Cornerstone Advisors LLC boosted its position in shares of The Gabelli Convertible and Income Securities Fund by 53.0% during the first quarter. Cornerstone Advisors LLC now owns 25,697 shares of the investment management company's stock worth $95,000 after buying an additional 8,897 shares during the period. Hoylecohen LLC bought a new position in shares of The Gabelli Convertible and Income Securities Fund during the second quarter worth about $128,000. Finally, PFG Advisors raised its position in The Gabelli Convertible and Income Securities Fund by 3.8% in the 1st quarter. PFG Advisors now owns 87,262 shares of the investment management company's stock valued at $324,000 after buying an additional 3,185 shares during the last quarter. 23.40% of the stock is currently owned by institutional investors.
About The Gabelli Convertible and Income Securities Fund
(
Get Free Report)
The Gabelli Convertible and Income Securities Fund Inc is a closed-ended balanced mutual fund launched by GAMCO Investors, Inc The fund is managed by Gabelli Funds, LLC. It invests in public equity and fixed income markets. The fund seeks to invest in stocks of companies operating across diversified sectors.
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