The Gabelli Global Small and Mid Cap Value Trust (NYSE:GGZ) Trading Down 0.1% – Here’s Why

The Gabelli Global Small and Mid Cap Value Trust (NYSE:GGZ) shares were down 0.1% during mid-day trading on Friday . The company traded as low as $14.90 and last traded at $14.9850. Approximately 3,196 shares changed hands during mid-day trading, a decline of 75% from the average daily volume of 13,006 shares. The stock had previously closed at $15.00.

The Gabelli Global Small and Mid Cap Value Trust Price Performance

The business’s 50 day moving average price is $14.30 and its 200-day moving average price is $14.06.

The Gabelli Global Small and Mid Cap Value Trust Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, December 19th. Investors of record on Friday, December 12th were given a dividend of $0.21 per share. The ex-dividend date of this dividend was Friday, December 12th. This represents a $0.84 annualized dividend and a dividend yield of 5.6%. This is an increase from The Gabelli Global Small and Mid Cap Value Trust’s previous quarterly dividend of $0.16.

Institutional Investors Weigh In On The Gabelli Global Small and Mid Cap Value Trust

Several institutional investors and hedge funds have recently bought and sold shares of GGZ. Bank of America Corp DE lifted its holdings in The Gabelli Global Small and Mid Cap Value Trust by 71.1% in the third quarter. Bank of America Corp DE now owns 150,953 shares of the company’s stock worth $2,181,000 after purchasing an additional 62,718 shares during the period. Blue Bell Private Wealth Management LLC increased its stake in The Gabelli Global Small and Mid Cap Value Trust by 11.9% during the 3rd quarter. Blue Bell Private Wealth Management LLC now owns 131,781 shares of the company’s stock valued at $1,904,000 after buying an additional 13,978 shares during the period. 180 Wealth Advisors LLC raised its position in shares of The Gabelli Global Small and Mid Cap Value Trust by 5.2% during the 3rd quarter. 180 Wealth Advisors LLC now owns 110,359 shares of the company’s stock worth $1,595,000 after buying an additional 5,418 shares in the last quarter. Raymond James Financial Inc. lifted its stake in shares of The Gabelli Global Small and Mid Cap Value Trust by 79.2% in the 3rd quarter. Raymond James Financial Inc. now owns 69,688 shares of the company’s stock worth $1,007,000 after acquiring an additional 30,801 shares during the period. Finally, Beckerman Institutional LLC lifted its stake in shares of The Gabelli Global Small and Mid Cap Value Trust by 38.4% in the 3rd quarter. Beckerman Institutional LLC now owns 57,943 shares of the company’s stock worth $837,000 after acquiring an additional 16,069 shares during the period.

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.