Shares of The Gabelli Convertible and Income Securities Fund Inc. (NYSE:GCV - Get Free Report) passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $3.78 and traded as low as $3.63. The Gabelli Convertible and Income Securities Fund shares last traded at $3.68, with a volume of 53,788 shares traded.
The Gabelli Convertible and Income Securities Fund Stock Performance
The firm's 50-day moving average is $3.57 and its two-hundred day moving average is $3.77.
The Gabelli Convertible and Income Securities Fund Dividend Announcement
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. The ex-dividend date is Friday, June 13th. This represents a $0.48 dividend on an annualized basis and a yield of 12.87%.
Institutional Trading of The Gabelli Convertible and Income Securities Fund
A number of hedge funds have recently bought and sold shares of GCV. GABELLI & Co INVESTMENT ADVISERS INC. raised its holdings in The Gabelli Convertible and Income Securities Fund by 1,857.3% in the 4th quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 344,000 shares of the investment management company's stock valued at $1,311,000 after acquiring an additional 326,425 shares during the last quarter. Janney Montgomery Scott LLC purchased a new position in shares of The Gabelli Convertible and Income Securities Fund during the 4th quarter worth approximately $178,000. Cetera Investment Advisers boosted its position in The Gabelli Convertible and Income Securities Fund by 112.0% in the 1st quarter. Cetera Investment Advisers now owns 61,250 shares of the investment management company's stock valued at $229,000 after buying an additional 32,355 shares during the period. Raymond James Financial Inc. acquired a new stake in shares of The Gabelli Convertible and Income Securities Fund in the 4th quarter valued at $83,000. Finally, Cornerstone Advisors LLC raised its holdings in shares of The Gabelli Convertible and Income Securities Fund by 769.3% in 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 in the last quarter. Institutional investors and hedge funds own 23.40% of the company's stock.
About The Gabelli Convertible and Income Securities Fund
(
Get Free Report)
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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