The Gabelli Convertible and Income Securities Fund Inc. (NYSE:GCV - Get Free Report) shares crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $3.83 and traded as low as $3.01. The Gabelli Convertible and Income Securities Fund shares last traded at $3.25, with a volume of 165,437 shares.
The Gabelli Convertible and Income Securities Fund Stock Up 2.3 %
The stock's 50 day moving average price is $3.78 and its 200-day moving average price is $3.82.
The Gabelli Convertible and Income Securities Fund Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Monday, March 24th. Shareholders of record on Monday, March 17th were given a dividend of $0.12 per share. The ex-dividend date of this dividend was Monday, March 17th. This represents a $0.48 annualized dividend and a yield of 13.75%.
Institutional Inflows and Outflows
Several large investors have recently modified their holdings of GCV. GABELLI & Co INVESTMENT ADVISERS INC. increased its stake in The Gabelli Convertible and Income Securities Fund by 1,857.3% in the 4th quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 344,000 shares of the investment management company's stock worth $1,311,000 after purchasing an additional 326,425 shares during the period. World Investment Advisors LLC purchased a new position in shares of The Gabelli Convertible and Income Securities Fund in the third quarter worth $405,000. PFG Advisors raised its holdings in The Gabelli Convertible and Income Securities Fund by 4.7% during the 4th quarter. PFG Advisors now owns 82,789 shares of the investment management company's stock valued at $315,000 after buying an additional 3,739 shares during the last quarter. Janney Montgomery Scott LLC purchased a new stake in The Gabelli Convertible and Income Securities Fund during the 4th quarter valued at $178,000. Finally, Cetera Investment Advisers bought a new stake in The Gabelli Convertible and Income Securities Fund in the 4th quarter worth $110,000. Hedge funds and other institutional investors own 23.40% of the company's stock.
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.
Featured Articles
Before you consider The Gabelli Convertible and Income Securities Fund, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and The Gabelli Convertible and Income Securities Fund wasn't on the list.
While The Gabelli Convertible and Income Securities Fund currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering where to start (or end) with AI stocks? These 10 simple stocks can help investors build long-term wealth as artificial intelligence continues to grow into the future.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
