The Gabelli Convertible and Income Securities Fund Inc. (NYSE:GCV - Get Free Report) shares crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $3.80 and traded as low as $3.78. The Gabelli Convertible and Income Securities Fund shares last traded at $3.79, with a volume of 15,417 shares changing hands.
The Gabelli Convertible and Income Securities Fund Stock Up 0.8 %
The stock has a fifty day simple moving average of $3.88 and a 200 day simple moving average of $3.80.
The Gabelli Convertible and Income Securities Fund Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Friday, December 13th were given a dividend of $0.12 per share. The ex-dividend date was Friday, December 13th. This represents a $0.48 dividend on an annualized basis and a yield of 12.57%.
Institutional Inflows and Outflows
A number of large investors have recently modified their holdings of the company. World Investment Advisors LLC bought a new position in shares of The Gabelli Convertible and Income Securities Fund during the 3rd quarter valued at about $405,000. Shaker Financial Services LLC bought a new position in The Gabelli Convertible and Income Securities Fund during the third quarter valued at approximately $52,000. Wolverine Asset Management LLC purchased a new position in The Gabelli Convertible and Income Securities Fund during the 3rd quarter valued at approximately $39,000. Finally, M&R Capital Management Inc. increased its stake 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 worth $29,000 after acquiring an additional 5,904 shares during the last quarter. Hedge funds and other institutional investors own 23.40% of the company's stock.
The Gabelli Convertible and Income Securities Fund Company Profile
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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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