The Gabelli Convertible and Income Securities Fund Inc. (NYSE:GCV - Get Free Report) shares crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $3.79 and traded as low as $3.79. The Gabelli Convertible and Income Securities Fund shares last traded at $3.83, with a volume of 24,864 shares changing hands.
The Gabelli Convertible and Income Securities Fund Trading Up 1.3 %
The firm's 50-day moving average price is $3.87 and its 200-day moving average price is $3.79.
The Gabelli Convertible and Income Securities Fund Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Friday, December 20th. Shareholders of record on Friday, December 13th were paid a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 12.37%. The ex-dividend date was Friday, December 13th.
Institutional Inflows and Outflows
A number of institutional investors have recently made changes to their positions in GCV. M&R Capital Management Inc. grew its holdings in shares of The Gabelli Convertible and Income Securities Fund by 316.9% in the third quarter. M&R Capital Management Inc. now owns 7,767 shares of the investment management company's stock valued at $29,000 after purchasing an additional 5,904 shares in the last quarter. Wolverine Asset Management LLC bought a new position in The Gabelli Convertible and Income Securities Fund during the third quarter valued at $39,000. Shaker Financial Services LLC purchased a new position in shares of The Gabelli Convertible and Income Securities Fund in the 3rd quarter worth $52,000. Finally, World Investment Advisors LLC bought a new stake in shares of The Gabelli Convertible and Income Securities Fund in the 3rd quarter worth about $405,000. Hedge funds and other institutional investors own 23.40% of the company's stock.
The Gabelli Convertible and Income Securities Fund Company Profile
(
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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