The Gabelli Convertible and Income Securities Fund Inc. (NYSE:GCV – Get Free Report)’s share price passed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $3.83 and traded as high as $4.01. The Gabelli Convertible and Income Securities Fund shares last traded at $3.82, with a volume of 145,708 shares traded.
The Gabelli Convertible and Income Securities Fund Price Performance
The business’s 50-day moving average price is $3.83 and its 200 day moving average price is $3.70.
The Gabelli Convertible and Income Securities Fund Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Monday, September 23rd. Stockholders of record on Monday, September 16th were given a dividend of $0.12 per share. The ex-dividend date of this dividend was Monday, September 16th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 12.57%.
Insider Buying and Selling
Institutional Investors Weigh In On The Gabelli Convertible and Income Securities Fund
Several hedge funds have recently bought and sold shares of GCV. PFG Advisors raised its position in shares of The Gabelli Convertible and Income Securities Fund by 3.8% during the 1st quarter. PFG Advisors now owns 87,262 shares of the investment management company’s stock valued at $324,000 after buying an additional 3,185 shares in the last quarter. Principal Securities Inc. purchased a new stake in The Gabelli Convertible and Income Securities Fund during the fourth quarter valued at about $27,000. Cornerstone Advisors LLC lifted its stake in The Gabelli Convertible and Income Securities Fund by 53.0% during the first quarter. Cornerstone Advisors LLC now owns 25,697 shares of the investment management company’s stock worth $95,000 after purchasing an additional 8,897 shares during the last quarter. Janney Montgomery Scott LLC boosted its holdings in shares of The Gabelli Convertible and Income Securities Fund by 91.7% in the 1st quarter. Janney Montgomery Scott LLC now owns 24,248 shares of the investment management company’s stock worth $90,000 after purchasing an additional 11,597 shares in the last quarter. Finally, Hoylecohen LLC bought a new position in shares of The Gabelli Convertible and Income Securities Fund during the 2nd quarter valued at about $128,000. 23.40% of the stock is currently owned by institutional investors.
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.
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