Wolverine Asset Management LLC Purchases 20,158 Shares of The Gabelli Global Small and Mid Cap Value Trust (NYSE:GGZ)

Wolverine Asset Management LLC grew its position in The Gabelli Global Small and Mid Cap Value Trust (NYSE:GGZ) by 299.7% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 26,884 shares of the company’s stock after buying an additional 20,158 shares during the quarter. Wolverine Asset Management LLC’s holdings in The Gabelli Global Small and Mid Cap Value Trust were worth $334,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Shaker Financial Services LLC lifted its stake in The Gabelli Global Small and Mid Cap Value Trust by 4.8% in the second quarter. Shaker Financial Services LLC now owns 81,994 shares of the company’s stock worth $926,000 after acquiring an additional 3,746 shares during the period. Blue Bell Private Wealth Management LLC lifted its position in shares of The Gabelli Global Small and Mid Cap Value Trust by 8.3% in the 2nd quarter. Blue Bell Private Wealth Management LLC now owns 81,586 shares of the company’s stock worth $921,000 after purchasing an additional 6,250 shares during the period. 180 Wealth Advisors LLC boosted its stake in shares of The Gabelli Global Small and Mid Cap Value Trust by 12.4% during the second quarter. 180 Wealth Advisors LLC now owns 78,340 shares of the company’s stock valued at $912,000 after purchasing an additional 8,641 shares in the last quarter. Cornerstone Advisors LLC increased its holdings in The Gabelli Global Small and Mid Cap Value Trust by 32.3% during the second quarter. Cornerstone Advisors LLC now owns 45,893 shares of the company’s stock valued at $518,000 after buying an additional 11,207 shares during the period. Finally, Private Advisor Group LLC bought a new position in The Gabelli Global Small and Mid Cap Value Trust in the third quarter worth approximately $260,000.

The Gabelli Global Small and Mid Cap Value Trust Stock Performance

The Gabelli Global Small and Mid Cap Value Trust stock opened at $12.57 on Thursday. The Gabelli Global Small and Mid Cap Value Trust has a twelve month low of $10.39 and a twelve month high of $12.91. The business has a fifty day moving average of $12.24 and a two-hundred day moving average of $11.87.

The Gabelli Global Small and Mid Cap Value Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 23rd. Investors of record on Monday, September 16th were given a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a yield of 5.09%. The ex-dividend date was Monday, September 16th.

The Gabelli Global Small and Mid Cap Value Trust Profile

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.