Capstone Investment Advisors LLC Acquires New Stake in The Gabelli Global Small and Mid Cap Value Trust $GGZ

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

Several other institutional investors and hedge funds have also modified their holdings of the business. Bank of America Corp DE purchased a new stake in shares of The Gabelli Global Small and Mid Cap Value Trust in the 2nd quarter worth $1,407,000. Evolve Private Wealth LLC bought a new stake in The Gabelli Global Small and Mid Cap Value Trust during the fourth quarter valued at about $1,050,000. Beckerman Institutional LLC bought a new stake in The Gabelli Global Small and Mid Cap Value Trust during the second quarter valued at about $933,000. Raymond James Financial Inc. increased its position in The Gabelli Global Small and Mid Cap Value Trust by 79.2% in the third quarter. Raymond James Financial Inc. now owns 69,688 shares of the company’s stock worth $1,007,000 after buying an additional 30,801 shares in the last quarter. Finally, LPL Financial LLC increased its position in The Gabelli Global Small and Mid Cap Value Trust by 147.3% in the fourth quarter. LPL Financial LLC now owns 44,802 shares of the company’s stock worth $672,000 after buying an additional 26,683 shares in the last quarter.

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

GGZ stock opened at $16.63 on Friday. The Gabelli Global Small and Mid Cap Value Trust has a twelve month low of $13.35 and a twelve month high of $17.08. The business’s 50-day moving average price is $16.33 and its 200-day moving average price is $16.00.

The Gabelli Global Small and Mid Cap Value Trust Announces Dividend

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

The Gabelli Global Small and Mid Cap Value Trust Company 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.