Shaker Financial Services LLC Sells 19,811 Shares of The Gabelli Global Small and Mid Cap Value Trust (NYSE:GGZ)

Shaker Financial Services LLC trimmed its holdings in shares of The Gabelli Global Small and Mid Cap Value Trust (NYSE:GGZ) by 24.2% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 62,183 shares of the company’s stock after selling 19,811 shares during the quarter. Shaker Financial Services LLC’s holdings in The Gabelli Global Small and Mid Cap Value Trust were worth $772,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in the stock. Sanctuary Advisors LLC acquired a new position in The Gabelli Global Small and Mid Cap Value Trust during the 2nd quarter worth approximately $843,000. 180 Wealth Advisors LLC increased its stake in The Gabelli Global Small and Mid Cap Value Trust by 12.4% in the 2nd quarter. 180 Wealth Advisors LLC now owns 78,340 shares of the company’s stock valued at $912,000 after buying an additional 8,641 shares during the last quarter. Cornerstone Advisors LLC lifted its position in The Gabelli Global Small and Mid Cap Value Trust by 32.3% during the 2nd quarter. Cornerstone Advisors LLC now owns 45,893 shares of the company’s stock worth $518,000 after buying an additional 11,207 shares in the last quarter. International Assets Investment Management LLC grew its holdings in shares of The Gabelli Global Small and Mid Cap Value Trust by 1,141.0% in the 3rd quarter. International Assets Investment Management LLC now owns 26,495 shares of the company’s stock valued at $329,000 after acquiring an additional 24,360 shares in the last quarter. Finally, Private Advisor Group LLC acquired a new position in The Gabelli Global Small and Mid Cap Value Trust during the third quarter valued at approximately $260,000.

The Gabelli Global Small and Mid Cap Value Trust Stock Up 3.5 %

NYSE:GGZ opened at $12.58 on Thursday. The Gabelli Global Small and Mid Cap Value Trust has a twelve month low of $10.17 and a twelve month high of $12.59. The stock’s 50 day moving average price is $12.18 and its two-hundred day moving average price is $11.82.

The Gabelli Global Small and Mid Cap Value Trust Announces Dividend

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

The Gabelli Global Small and Mid Cap Value Trust Company 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.