Insider Buying: The Gabelli Global Small and Mid Cap Value Trust (NYSE:GGZ) Insider Buys $73,458.00 in Stock

The Gabelli Global Small and Mid Cap Value Trust (NYSE:GGZ) insider Mario J. Gabelli acquired 6,300 shares of the firm’s stock in a transaction dated Monday, January 13th. The shares were purchased at an average price of $11.66 per share, for a total transaction of $73,458.00. Following the completion of the transaction, the insider now directly owns 45,586 shares in the company, valued at approximately $531,532.76. This trade represents a 16.04 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website.

The Gabelli Global Small and Mid Cap Value Trust Stock Up 0.5 %

Shares of GGZ opened at $11.89 on Friday. The business’s 50 day simple moving average is $12.43 and its 200-day simple moving average is $12.13. The Gabelli Global Small and Mid Cap Value Trust has a 1 year low of $11.02 and a 1 year high of $13.35.

The Gabelli Global Small and Mid Cap Value Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 20th. Shareholders of record on Friday, December 13th were paid a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a yield of 5.38%. The ex-dividend date of this dividend was Friday, December 13th.

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

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