The Gabelli Global Small and Mid Cap Value Trust (NYSE:GGZ) Stock Price Passes Below 50 Day Moving Average of $11.56

The Gabelli Global Small and Mid Cap Value Trust (NYSE:GGZ)’s stock price crossed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $11.56 and traded as low as $11.15. The Gabelli Global Small and Mid Cap Value Trust shares last traded at $11.31, with a volume of 6,136 shares.

The Gabelli Global Small and Mid Cap Value Trust Trading Up 0.2 %

The business’s fifty day moving average price is $11.56 and its two-hundred day moving average price is $11.56.

The Gabelli Global Small and Mid Cap Value Trust Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 21st. Investors of record on Thursday, June 13th will be given a dividend of $0.16 per share. The ex-dividend date of this dividend is Thursday, June 13th. This represents a $0.64 annualized dividend and a dividend yield of 5.66%.

Institutional Investors Weigh In On The Gabelli Global Small and Mid Cap Value Trust

Large investors have recently bought and sold shares of the company. Wolverine Asset Management LLC boosted its stake in shares of The Gabelli Global Small and Mid Cap Value Trust by 938.9% in the third quarter. Wolverine Asset Management LLC now owns 10,212 shares of the company’s stock worth $106,000 after acquiring an additional 9,229 shares during the last quarter. AQR Arbitrage LLC acquired a new stake in The Gabelli Global Small and Mid Cap Value Trust during the 3rd quarter worth $116,000. International Assets Investment Management LLC purchased a new stake in shares of The Gabelli Global Small and Mid Cap Value Trust during the fourth quarter worth $294,000. Silverlake Wealth Management LLC raised its position in shares of The Gabelli Global Small and Mid Cap Value Trust by 2.6% in the first quarter. Silverlake Wealth Management LLC now owns 35,222 shares of the company’s stock valued at $423,000 after buying an additional 903 shares during the last quarter. Finally, Cornerstone Advisors LLC raised its position in shares of The Gabelli Global Small and Mid Cap Value Trust by 84.7% in the fourth quarter. Cornerstone Advisors LLC now owns 38,471 shares of the company’s stock valued at $451,000 after buying an additional 17,642 shares during the last quarter.

The Gabelli Global Small and Mid Cap Value Trust Company Profile

The Gabelli Global Small and Mid Cap Value Trust is a closed-ended equity mutual fund launched by GAMCO Investors, Inc The fund is managed by Gabelli Funds, LLC. It invests in public equity markets across the globe. The fund seeks to invest in stocks of companies that are operating across diversified sectors.