The Gabelli Convertible and Income Securities Fund Inc. (NYSE:GCV - Get Free Report)'s share price passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $3.84 and traded as low as $3.84. The Gabelli Convertible and Income Securities Fund shares last traded at $3.88, with a volume of 25,828 shares trading hands.
The Gabelli Convertible and Income Securities Fund Trading Down 0.3 %
The firm's 50-day moving average price is $3.89 and its two-hundred day moving average price is $3.84.
The Gabelli Convertible and Income Securities Fund Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Friday, December 13th were paid a $0.12 dividend. The ex-dividend date of this dividend was Friday, December 13th. This represents a $0.48 annualized dividend and a dividend yield of 12.37%.
Hedge Funds Weigh In On The Gabelli Convertible and Income Securities Fund
A number of hedge funds have recently modified their holdings of the stock. Shaker Financial Services LLC acquired a new stake in shares of The Gabelli Convertible and Income Securities Fund during the third quarter worth approximately $52,000. Wolverine Asset Management LLC bought a new stake in The Gabelli Convertible and Income Securities Fund during the 3rd quarter worth approximately $39,000. World Investment Advisors LLC acquired a new stake in The Gabelli Convertible and Income Securities Fund during the 3rd quarter valued at $405,000. Janney Montgomery Scott LLC bought a new position in The Gabelli Convertible and Income Securities Fund in the 4th quarter valued at $178,000. Finally, Raymond James Financial Inc. acquired a new position in The Gabelli Convertible and Income Securities Fund in the fourth quarter worth $83,000. 23.40% of the stock is owned by institutional investors and hedge funds.
The Gabelli Convertible and Income Securities Fund Company Profile
(
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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.
Further Reading
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