Virtu Financial LLC Takes $225,000 Position in The Gabelli Convertible and Income Securities Fund Inc. (NYSE:GCV)

Virtu Financial LLC acquired a new stake in shares of The Gabelli Convertible and Income Securities Fund Inc. (NYSE:GCV) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 62,517 shares of the investment management company’s stock, valued at approximately $225,000. Virtu Financial LLC owned 0.32% of The Gabelli Convertible and Income Securities Fund as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Wolverine Asset Management LLC lifted its holdings in shares of 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 valued at $357,000 after acquiring an additional 62,480 shares in the last quarter. Atria Wealth Solutions Inc. lifted its holdings in shares of The Gabelli Convertible and Income Securities Fund by 18.3% during the 4th quarter. Atria Wealth Solutions Inc. now owns 41,578 shares of the investment management company’s stock valued at $150,000 after acquiring an additional 6,445 shares in the last quarter. Arlington Capital Management Inc. acquired a new position in shares of The Gabelli Convertible and Income Securities Fund during the 4th quarter valued at $114,000. Shaker Financial Services LLC acquired a new position in shares of The Gabelli Convertible and Income Securities Fund during the 4th quarter valued at $682,000. Finally, Principal Securities Inc. acquired a new position in shares of The Gabelli Convertible and Income Securities Fund during the 4th quarter valued at $27,000. 23.40% of the stock is owned by hedge funds and other institutional investors.

The Gabelli Convertible and Income Securities Fund Stock Performance

NYSE:GCV opened at $3.53 on Friday. The firm’s fifty day simple moving average is $3.59 and its 200 day simple moving average is $3.62. The Gabelli Convertible and Income Securities Fund Inc. has a twelve month low of $3.15 and a twelve month high of $4.49.

The Gabelli Convertible and Income Securities Fund Dividend Announcement

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

About The Gabelli Convertible and Income Securities Fund

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.