The Gabelli Global Small and Mid Cap Value Trust (NYSE:GGZ) Stock Price Down 0.1% – Here’s Why
by Doug Wharley · The Cerbat GemThe Gabelli Global Small and Mid Cap Value Trust (NYSE:GGZ – Get Free Report) dropped 0.1% during mid-day trading on Friday . The company traded as low as $14.90 and last traded at $14.9850. Approximately 3,196 shares were traded during trading, a decline of 75% from the average daily volume of 13,006 shares. The stock had previously closed at $15.00.
The Gabelli Global Small and Mid Cap Value Trust Price Performance
The company’s 50-day moving average is $14.30 and its two-hundred day moving average is $14.07.
The Gabelli Global Small and Mid Cap Value Trust Increases Dividend
The business also recently announced a quarterly dividend, which was paid on Friday, December 19th. Stockholders of record on Friday, December 12th were issued a $0.21 dividend. This is a boost from The Gabelli Global Small and Mid Cap Value Trust’s previous quarterly dividend of $0.16. This represents a $0.84 dividend on an annualized basis and a dividend yield of 5.6%. The ex-dividend date was Friday, December 12th.
Institutional Investors Weigh In On The Gabelli Global Small and Mid Cap Value Trust
Institutional investors have recently bought and sold shares of the stock. Silverlake Wealth Management LLC lifted its stake in The Gabelli Global Small and Mid Cap Value Trust by 32.0% during the 2nd quarter. Silverlake Wealth Management LLC now owns 18,658 shares of the company’s stock valued at $249,000 after acquiring an additional 4,524 shares in the last quarter. Raymond James Financial Inc. raised its holdings in shares of The Gabelli Global Small and Mid Cap Value Trust by 14.6% in the second quarter. Raymond James Financial Inc. now owns 38,887 shares of the company’s stock valued at $518,000 after purchasing an additional 4,940 shares during the last quarter. Beckerman Institutional LLC raised its holdings in shares of The Gabelli Global Small and Mid Cap Value Trust by 38.1% in the second quarter. Beckerman Institutional LLC now owns 41,874 shares of the company’s stock valued at $558,000 after purchasing an additional 11,549 shares during the last quarter. Bank of America Corp DE lifted its position in shares of The Gabelli Global Small and Mid Cap Value Trust by 1.5% during the second quarter. Bank of America Corp DE now owns 88,235 shares of the company’s stock valued at $1,175,000 after purchasing an additional 1,335 shares in the last quarter. Finally, 180 Wealth Advisors LLC boosted its holdings in The Gabelli Global Small and Mid Cap Value Trust by 6.5% during the second quarter. 180 Wealth Advisors LLC now owns 104,941 shares of the company’s stock worth $1,398,000 after purchasing an additional 6,367 shares during the last quarter.
The Gabelli Global Small and Mid Cap Value Trust Company Profile
The Gabelli Global Small and Mid Cap Value Trust (NYSE: GGZ) is a closed-end management investment company that seeks long-term capital appreciation by investing primarily in the equity securities of small- and mid-capitalization companies around the world. By focusing on businesses that are typically underfollowed or underrepresented by the broader market, the Trust aims to capture value opportunities in developed and emerging markets alike. Its portfolio is diversified across sectors, with an emphasis on companies whose shares appear undervalued relative to their intrinsic business prospects.
Adopting a value-oriented, bottom-up investment approach, the Trust’s management team conducts in-depth fundamental research to identify global small and mid cap companies with strong balance sheets, proven business models and potential for above-average earnings growth.