The Gabelli Convertible and Income Securities Fund Inc. (NYSE:GCV - Get Free Report) crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $3.78 and traded as low as $3.62. The Gabelli Convertible and Income Securities Fund shares last traded at $3.63, with a volume of 31,752 shares changing hands.
The Gabelli Convertible and Income Securities Fund Stock Up 1.0%
The stock's fifty day simple moving average is $3.58 and its 200-day simple moving average is $3.78.
The Gabelli Convertible and Income Securities Fund Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 23rd. Shareholders of record on Friday, June 13th will be issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 13.10%. The ex-dividend date of this dividend is Friday, June 13th.
Institutional Trading of The Gabelli Convertible and Income Securities Fund
Institutional investors have recently bought and sold shares of the business. PNC Financial Services Group Inc. bought a new stake in The Gabelli Convertible and Income Securities Fund in the 1st quarter valued at about $38,000. Arete Wealth Advisors LLC bought a new position in The Gabelli Convertible and Income Securities Fund in the 4th quarter valued at approximately $57,000. Cornerstone Advisors LLC increased its position in The Gabelli Convertible and Income Securities Fund by 769.3% during the 4th quarter. Cornerstone Advisors LLC now owns 19,099 shares of the investment management company's stock valued at $73,000 after purchasing an additional 16,902 shares during the period. Raymond James Financial Inc. acquired a new stake in The Gabelli Convertible and Income Securities Fund during the 4th quarter valued at approximately $83,000. Finally, Cetera Investment Advisers acquired a new stake in The Gabelli Convertible and Income Securities Fund during the 4th quarter valued at approximately $110,000. 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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