Gamco Investors INC. ET AL Has $4.15 Million Stock Holdings in The Gabelli Convertible and Income Securities Fund Inc. (NYSE:GCV)

Gamco Investors INC. ET AL lowered its stake in The Gabelli Convertible and Income Securities Fund Inc. (NYSE:GCV) by 0.3% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,089,000 shares of the investment management company’s stock after selling 3,000 shares during the quarter. Gamco Investors INC. ET AL owned about 0.06% of The Gabelli Convertible and Income Securities Fund worth $4,149,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in GCV. Raymond James Financial Inc. acquired a new position in The Gabelli Convertible and Income Securities Fund in the fourth quarter valued at about $83,000. Arete Wealth Advisors LLC bought a new stake in shares of The Gabelli Convertible and Income Securities Fund in the 4th quarter valued at about $57,000. PFG Advisors raised its position in shares of The Gabelli Convertible and Income Securities Fund by 4.7% in the 4th quarter. PFG Advisors now owns 82,789 shares of the investment management company’s stock valued at $315,000 after acquiring an additional 3,739 shares during the period. Cornerstone Advisors LLC boosted its stake in The Gabelli Convertible and Income Securities Fund by 769.3% during the 4th quarter. Cornerstone Advisors LLC now owns 19,099 shares of the investment management company’s stock worth $73,000 after acquiring an additional 16,902 shares during the last quarter. Finally, Janney Montgomery Scott LLC acquired a new position in The Gabelli Convertible and Income Securities Fund during the fourth quarter valued at approximately $178,000. 23.40% of the stock is currently owned by institutional investors.

The Gabelli Convertible and Income Securities Fund Stock Down 1.5 %

Shares of NYSE:GCV opened at $3.36 on Friday. The company has a 50 day moving average price of $3.74 and a two-hundred day moving average price of $3.81. The Gabelli Convertible and Income Securities Fund Inc. has a 52 week low of $3.01 and a 52 week high of $4.34.

The Gabelli Convertible and Income Securities Fund Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 24th. Investors of record on Monday, March 17th were paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 14.29%. The ex-dividend date of this dividend was Monday, March 17th.

The Gabelli Convertible and Income Securities Fund Profile

The Gabelli Convertible and Income Securities Fund Inc is a closed-ended balanced mutual fund launched by GAMCO Investors, Inc The fund is managed by Gabelli Funds, LLC. It invests in public equity and fixed income markets. The fund seeks to invest in stocks of companies operating across diversified sectors.