Gabelli Convertible & Income Securities Fund Inc. (NYSE:GCV - Get Free Report) shares crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $4.54 and traded as low as $4.38. Gabelli Convertible & Income Securities Fund shares last traded at $4.4250, with a volume of 89,232 shares.
Gabelli Convertible & Income Securities Fund Stock Down 0.6%
The business's 50 day moving average is $4.58 and its two-hundred day moving average is $4.54.
Gabelli Convertible & Income Securities Fund Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Wednesday, September 23rd. Stockholders of record on Wednesday, September 16th were issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 10.8%. The ex-dividend date of this dividend was Wednesday, September 16th.
Institutional Trading of Gabelli Convertible & Income Securities Fund
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Integrity Advisory Solutions LLC purchased a new stake in Gabelli Convertible & Income Securities Fund during the 4th quarter worth about $48,000. Bank of America Corp DE bought a new stake in shares of Gabelli Convertible & Income Securities Fund during the second quarter valued at about $131,000. Benjamin Edwards Inc. increased its position in shares of Gabelli Convertible & Income Securities Fund by 8.5% during the second quarter. Benjamin Edwards Inc. now owns 37,039 shares of the investment management company's stock valued at $173,000 after buying an additional 2,907 shares during the period. Mallini Complete Financial Planning LLC increased its position in shares of Gabelli Convertible & Income Securities Fund by 7.2% during the second quarter. Mallini Complete Financial Planning LLC now owns 59,679 shares of the investment management company's stock valued at $279,000 after buying an additional 3,996 shares during the period. Finally, Equitable Holdings Inc. purchased a new stake in shares of Gabelli Convertible & Income Securities Fund in the second quarter worth about $393,000. 23.40% of the stock is currently owned by institutional investors.
Gabelli Convertible & Income Securities Fund Company Profile
(
Get Free Report)
Gabelli Convertible & Income Securities Fund is a publicly traded closed-end investment company listed on the New York Stock Exchange under the symbol GCV. The fund is managed by Gabelli Funds, LLC, an affiliate of GAMCO Investors, Inc
The fund seeks to provide investors with a combination of current income and capital appreciation. It invests primarily in convertible securities, which may offer income and the potential to participate in equity-market gains, along with other income-producing securities such as corporate bonds, preferred stocks and common stocks.
GCV may invest in securities issued by companies in a range of industries and geographic markets, including the United States and international markets.
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