Wells Fargo & Company MN increased its position in Gabelli Conv Fd (NYSE:GCV) by 23.8% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 83,931 shares of the investment management company’s stock after buying an additional 16,121 shares during the period. Wells Fargo & Company MN owned 0.60% of Gabelli Conv Fd worth $433,000 at the end of the most recent quarter.
Separately, Advisors Asset Management Inc. bought a new stake in Gabelli Conv Fd during the second quarter worth approximately $161,000. Institutional investors own 10.15% of the company’s stock.
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Shares of Gabelli Conv Fd (GCV) opened at $5.87 on Wednesday. Gabelli Conv Fd has a 52 week low of $4.57 and a 52 week high of $6.47.
In related news, Director Dugald A. Fletcher acquired 9,050 shares of Gabelli Conv Fd stock in a transaction on Monday, August 28th. The shares were bought at an average cost of $5.50 per share, with a total value of $49,775.00. Following the completion of the purchase, the director now directly owns 23,048 shares of the company’s stock, valued at approximately $126,764. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 11.00% of the company’s stock.
Gabelli Conv Fd Profile
The Gabelli Convertible and Income Securities Fund Inc (the Fund) is a diversified closed-end management investment company. The Fund’s investment objective is to seek a high level of total return through a combination of current income and capital appreciation by investing in convertible securities.
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