The Gabelli Convertible and Income Securities Fund (NYSE:GCV) Stock Price Crosses Below 200-Day Moving Average of $3.62

The Gabelli Convertible and Income Securities Fund Inc. (NYSE:GCV) shares passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $3.62 and traded as low as $3.52. The Gabelli Convertible and Income Securities Fund shares last traded at $3.53, with a volume of 112,705 shares.

The Gabelli Convertible and Income Securities Fund Trading Up 0.3 %

The company has a fifty day moving average price of $3.59 and a 200-day moving average price of $3.62.

The Gabelli Convertible and Income Securities Fund Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, June 21st. Investors of record on Thursday, June 13th were issued a dividend of $0.12 per share. The ex-dividend date was Thursday, June 13th. This represents a $0.48 annualized dividend and a yield of 13.60%.

Hedge Funds Weigh In On The Gabelli Convertible and Income Securities Fund

Several hedge funds have recently bought and sold shares of the business. Shaker Financial Services LLC bought a new position in The Gabelli Convertible and Income Securities Fund in the 4th quarter valued at $682,000. Wolverine Asset Management LLC raised its stake in The Gabelli Convertible and Income Securities Fund by 170.7% in the fourth quarter. Wolverine Asset Management LLC now owns 99,088 shares of the investment management company’s stock valued at $357,000 after buying an additional 62,480 shares during the last quarter. PFG Advisors raised its stake in shares of The Gabelli Convertible and Income Securities Fund by 3.8% in the first quarter. PFG Advisors now owns 87,262 shares of the investment management company’s stock worth $324,000 after purchasing an additional 3,185 shares during the last quarter. Virtu Financial LLC purchased a new position in shares of The Gabelli Convertible and Income Securities Fund in the fourth quarter worth about $225,000. Finally, International Assets Investment Management LLC purchased a new position in shares of The Gabelli Convertible and Income Securities Fund in the fourth quarter worth about $183,000. Institutional investors own 23.40% of the company’s stock.

About The Gabelli Convertible and Income Securities Fund

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.