The Gabelli Global Small and Mid Cap Value Trust (NYSE:GGZ) Stock Price Passes Above 50 Day Moving Average – Here’s Why

The Gabelli Global Small and Mid Cap Value Trust (NYSE:GGZ) crossed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $12.62 and traded as high as $13.19. The Gabelli Global Small and Mid Cap Value Trust shares last traded at $12.85, with a volume of 9,598 shares traded.

The Gabelli Global Small and Mid Cap Value Trust Price Performance

The business’s 50 day simple moving average is $12.62 and its 200 day simple moving average is $12.06.

The Gabelli Global Small and Mid Cap Value Trust Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Friday, December 13th will be issued a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a yield of 4.98%. The ex-dividend date of this dividend is Friday, December 13th.

Institutional Trading of The Gabelli Global Small and Mid Cap Value Trust

Several institutional investors and hedge funds have recently bought and sold shares of GGZ. Private Advisor Group LLC bought a new position in shares of The Gabelli Global Small and Mid Cap Value Trust during the 3rd quarter worth approximately $260,000. International Assets Investment Management LLC boosted its holdings in shares of The Gabelli Global Small and Mid Cap Value Trust by 1,141.0% during the third quarter. International Assets Investment Management LLC now owns 26,495 shares of the company’s stock worth $329,000 after acquiring an additional 24,360 shares during the period. Wolverine Asset Management LLC grew its position in shares of The Gabelli Global Small and Mid Cap Value Trust by 299.7% in the third quarter. Wolverine Asset Management LLC now owns 26,884 shares of the company’s stock valued at $334,000 after purchasing an additional 20,158 shares during the last quarter. Cornerstone Advisors LLC increased its stake in shares of The Gabelli Global Small and Mid Cap Value Trust by 32.3% during the second quarter. Cornerstone Advisors LLC now owns 45,893 shares of the company’s stock worth $518,000 after purchasing an additional 11,207 shares during the period. Finally, Sanctuary Advisors LLC acquired a new stake in The Gabelli Global Small and Mid Cap Value Trust during the 2nd quarter worth approximately $843,000.

About The Gabelli Global Small and Mid Cap Value Trust

The Gabelli Global Small and Mid Cap Value Trust is a closed-ended equity mutual fund launched by GAMCO Investors, Inc The fund is managed by Gabelli Funds, LLC. It invests in public equity markets across the globe. The fund seeks to invest in stocks of companies that are operating across diversified sectors.