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 Monday . The stock has a 200-day moving average of $3.86 and traded as low as $3.78. The Gabelli Convertible and Income Securities Fund shares last traded at $3.79, with a volume of 68,619 shares.
The Gabelli Convertible and Income Securities Fund Stock Up 2.0 %
The company has a fifty day moving average of $3.87 and a 200 day moving average of $3.86.
The Gabelli Convertible and Income Securities Fund Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Monday, March 24th. Stockholders of record on Monday, March 17th will be given a $0.12 dividend. The ex-dividend date of this dividend is Monday, March 17th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 12.38%.
Hedge Funds Weigh In On The Gabelli Convertible and Income Securities Fund
A number of hedge funds have recently bought and sold shares of GCV. PFG Advisors boosted its position in The Gabelli Convertible and Income Securities Fund by 4.7% during the fourth quarter. PFG Advisors now owns 82,789 shares of the investment management company's stock valued at $315,000 after acquiring an additional 3,739 shares during the last quarter. Wolverine Asset Management LLC bought a new stake in shares of The Gabelli Convertible and Income Securities Fund during the 3rd quarter valued at about $39,000. Arete Wealth Advisors LLC bought a new stake in shares of The Gabelli Convertible and Income Securities Fund during the 4th quarter valued at about $57,000. Cornerstone Advisors LLC grew its stake in The Gabelli Convertible and Income Securities Fund by 769.3% during the fourth quarter. Cornerstone Advisors LLC now owns 19,099 shares of the investment management company's stock worth $73,000 after purchasing an additional 16,902 shares during the period. Finally, Raymond James Financial Inc. bought a new stake in The Gabelli Convertible and Income Securities Fund in the fourth quarter worth approximately $83,000. Institutional investors own 23.40% of the company's stock.
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.
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