Janney Montgomery Scott LLC acquired a new stake in The Gabelli Convertible and Income Securities Fund Inc. (NYSE:GCV – Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 46,826 shares of the investment management company’s stock, valued at approximately $178,000. Janney Montgomery Scott LLC owned 0.24% of The Gabelli Convertible and Income Securities Fund at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently modified their holdings of the company. World Investment Advisors LLC acquired a new stake in shares of The Gabelli Convertible and Income Securities Fund in the third quarter valued at about $405,000. Wolverine Asset Management LLC purchased a new position in The Gabelli Convertible and Income Securities Fund in the 3rd quarter worth approximately $39,000. Finally, Shaker Financial Services LLC acquired a new stake in The Gabelli Convertible and Income Securities Fund in the third quarter valued at approximately $52,000. Institutional investors and hedge funds own 23.40% of the company’s stock.
The Gabelli Convertible and Income Securities Fund Trading Up 0.3 %
GCV opened at $3.93 on Friday. The firm’s 50 day moving average is $3.88 and its 200-day moving average is $3.84. The Gabelli Convertible and Income Securities Fund Inc. has a 52-week low of $3.35 and a 52-week high of $4.34.
The Gabelli Convertible and Income Securities Fund 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.
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