Cornerstone Advisors LLC Has $97,000 Stock Holdings in The Gabelli Global Small and Mid Cap Value Trust $GGZ

Cornerstone Advisors LLC decreased its position in The Gabelli Global Small and Mid Cap Value Trust (NYSE:GGZ) by 65.5% during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 7,313 shares of the company’s stock after selling 13,868 shares during the period. Cornerstone Advisors LLC’s holdings in The Gabelli Global Small and Mid Cap Value Trust were worth $97,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in the business. 180 Wealth Advisors LLC raised its holdings in shares of The Gabelli Global Small and Mid Cap Value Trust by 6.5% in the second quarter. 180 Wealth Advisors LLC now owns 104,941 shares of the company’s stock valued at $1,398,000 after purchasing an additional 6,367 shares during the last quarter. Wolverine Asset Management LLC increased its stake in The Gabelli Global Small and Mid Cap Value Trust by 132.7% in the 1st quarter. Wolverine Asset Management LLC now owns 68,153 shares of the company’s stock valued at $818,000 after buying an additional 38,870 shares during the last quarter. Gamco Investors INC. ET AL lifted its position in The Gabelli Global Small and Mid Cap Value Trust by 51.4% during the 1st quarter. Gamco Investors INC. ET AL now owns 47,830 shares of the company’s stock worth $574,000 after buying an additional 16,244 shares in the last quarter. Beckerman Institutional LLC lifted its position in The Gabelli Global Small and Mid Cap Value Trust by 38.1% during the 2nd quarter. Beckerman Institutional LLC now owns 41,874 shares of the company’s stock worth $558,000 after buying an additional 11,549 shares in the last quarter. Finally, Landscape Capital Management L.L.C. acquired a new position in shares of The Gabelli Global Small and Mid Cap Value Trust during the 1st quarter worth about $135,000.

The Gabelli Global Small and Mid Cap Value Trust Stock Down 1.7%

NYSE:GGZ opened at $13.85 on Tuesday. The Gabelli Global Small and Mid Cap Value Trust has a 52-week low of $10.50 and a 52-week high of $14.86. The stock’s 50-day simple moving average is $14.25 and its 200 day simple moving average is $13.69.

The Gabelli Global Small and Mid Cap Value Trust Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 19th. Shareholders of record on Friday, December 12th will be given a dividend of $0.21 per share. This is a positive change from The Gabelli Global Small and Mid Cap Value Trust’s previous quarterly dividend of $0.16. The ex-dividend date of this dividend is Friday, December 12th. This represents a $0.84 annualized dividend and a dividend yield of 6.1%.

Insider Activity

In other news, insider Mario J. Gabelli bought 400,000 shares of the firm’s stock in a transaction that occurred on Friday, September 26th. The stock was acquired at an average cost of $10.00 per share, with a total value of $4,000,000.00. Following the completion of the purchase, the insider owned 200,000 shares of the company’s stock, valued at $2,000,000. This represents a -200.00% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link.

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.