The Gabelli Global Small and Mid Cap Value Trust (NYSE:GGZ) Shares Pass Above 50 Day Moving Average – Here’s What Happened

The Gabelli Global Small and Mid Cap Value Trust (NYSE:GGZ)’s stock price passed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $16.28 and traded as high as $16.54. The Gabelli Global Small and Mid Cap Value Trust shares last traded at $16.51, with a volume of 4,436 shares changing hands.

The Gabelli Global Small and Mid Cap Value Trust Stock Up 0.8%

The company’s fifty day moving average price is $16.28 and its two-hundred day moving average price is $15.98.

The Gabelli Global Small and Mid Cap Value Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 23rd. Shareholders of record on Wednesday, September 16th will be paid a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 5.1%. The ex-dividend date of this dividend is Wednesday, September 16th.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. International Assets Investment Management LLC bought a new stake in The Gabelli Global Small and Mid Cap Value Trust during the 4th quarter worth approximately $32,000. Fifth Third Bancorp bought a new position in The Gabelli Global Small and Mid Cap Value Trust in the 1st quarter valued at $165,000. Private Advisor Group LLC raised its position in The Gabelli Global Small and Mid Cap Value Trust by 8.6% in the 1st quarter. Private Advisor Group LLC now owns 13,154 shares of the company’s stock valued at $198,000 after purchasing an additional 1,047 shares during the last quarter. Silverlake Wealth Management LLC acquired a new position in The Gabelli Global Small and Mid Cap Value Trust in the second quarter worth $244,000. Finally, Raymond James Financial Inc. boosted its stake in The Gabelli Global Small and Mid Cap Value Trust by 14.6% in the second quarter. Raymond James Financial Inc. now owns 38,887 shares of the company’s stock worth $518,000 after purchasing an additional 4,940 shares in the last quarter.

About The Gabelli Global Small and Mid Cap Value Trust

The Gabelli Global Small and Mid Cap Value Trust (NYSE: GGZ) is a closed-end management investment company that seeks long-term capital appreciation by investing primarily in the equity securities of small- and mid-capitalization companies around the world. By focusing on businesses that are typically underfollowed or underrepresented by the broader market, the Trust aims to capture value opportunities in developed and emerging markets alike. Its portfolio is diversified across sectors, with an emphasis on companies whose shares appear undervalued relative to their intrinsic business prospects.

Adopting a value-oriented, bottom-up investment approach, the Trust’s management team conducts in-depth fundamental research to identify global small and mid cap companies with strong balance sheets, proven business models and potential for above-average earnings growth.