Capstone Investment Advisors LLC Makes New $1.13 Million Investment in The Gabelli Global Small and Mid Cap Value Trust $GGZ

Capstone Investment Advisors LLC purchased a new stake in The Gabelli Global Small and Mid Cap Value Trust (NYSE:GGZ) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 69,157 shares of the company’s stock, valued at approximately $1,126,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Evolve Private Wealth LLC purchased a new stake in shares of The Gabelli Global Small and Mid Cap Value Trust during the second quarter valued at approximately $1,075,000. Beckerman Institutional LLC bought a new stake in The Gabelli Global Small and Mid Cap Value Trust in the 2nd quarter valued at about $933,000. Raymond James Financial Inc. lifted its stake in shares of The Gabelli Global Small and Mid Cap Value Trust by 79.2% during the 3rd quarter. Raymond James Financial Inc. now owns 69,688 shares of the company’s stock valued at $1,007,000 after buying an additional 30,801 shares in the last quarter. Bank of America Corp DE lifted its position in shares of The Gabelli Global Small and Mid Cap Value Trust by 1.5% during the second quarter. Bank of America Corp DE now owns 88,235 shares of the company’s stock worth $1,175,000 after acquiring an additional 1,335 shares in the last quarter. Finally, Osaic Holdings Inc. lifted its holdings in The Gabelli Global Small and Mid Cap Value Trust by 5.2% during the 4th quarter. Osaic Holdings Inc. now owns 102,589 shares of the company’s stock worth $1,539,000 after purchasing an additional 5,068 shares in the last quarter.

The Gabelli Global Small and Mid Cap Value Trust Trading Up 0.3%

Shares of GGZ stock opened at $16.63 on Friday. The Gabelli Global Small and Mid Cap Value Trust has a 52-week low of $13.35 and a 52-week high of $17.08. The business’s fifty day moving average is $16.33 and its 200 day moving average is $16.00.

The Gabelli Global Small and Mid Cap Value Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 23rd. Stockholders of record on Wednesday, September 16th will be paid a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 5.0%. The ex-dividend date of this dividend is Wednesday, September 16th.

The Gabelli Global Small and Mid Cap Value Trust Profile

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.