The Gabelli Convertible and Income Securities Fund (NYSE:GCV) Share Price Crosses Below 200-Day Moving Average of $3.62

The Gabelli Convertible and Income Securities Fund Inc. (NYSE:GCV) crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $3.62 and traded as low as $3.52. The Gabelli Convertible and Income Securities Fund shares last traded at $3.53, with a volume of 112,705 shares trading hands.

The Gabelli Convertible and Income Securities Fund Stock Up 0.3 %

The firm has a 50 day moving average price of $3.59 and a 200-day moving average price of $3.62.

The Gabelli Convertible and Income Securities Fund Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 21st. Stockholders of record on Thursday, June 13th were paid a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 13.60%. The ex-dividend date was Thursday, June 13th.

Institutional Investors Weigh In On The Gabelli Convertible and Income Securities Fund

A number of institutional investors and hedge funds have recently modified their holdings of GCV. Shaker Financial Services LLC purchased a new position in shares of The Gabelli Convertible and Income Securities Fund in the 4th quarter valued at $682,000. Wolverine Asset Management LLC lifted its position in The Gabelli Convertible and Income Securities Fund by 170.7% during the 4th quarter. Wolverine Asset Management LLC now owns 99,088 shares of the investment management company’s stock worth $357,000 after acquiring an additional 62,480 shares during the period. PFG Advisors lifted its holdings in shares of The Gabelli Convertible and Income Securities Fund by 3.8% in the 1st quarter. PFG Advisors now owns 87,262 shares of the investment management company’s stock valued at $324,000 after buying an additional 3,185 shares during the period. Virtu Financial LLC acquired a new position in shares of The Gabelli Convertible and Income Securities Fund in the 4th quarter valued at about $225,000. Finally, International Assets Investment Management LLC acquired a new position in The Gabelli Convertible and Income Securities Fund in the 4th quarter worth about $183,000. 23.40% of the stock is owned by institutional investors.

The Gabelli Convertible and Income Securities Fund Company Profile

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.