Kevin V. Dreyer Acquires 1,333 Shares of The Gabelli Global Small and Mid Cap Value Trust (NYSE:GGZ) Stock

The Gabelli Global Small and Mid Cap Value Trust (NYSE:GGZ) Director Kevin V. Dreyer acquired 1,333 shares of the stock in a transaction dated Thursday, September 2nd. The stock was bought at an average cost of $16.44 per share, with a total value of $21,914.52. Following the completion of the purchase, the director now directly owns 4,000 shares in the company, valued at $65,760. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

NYSE:GGZ opened at $15.97 on Wednesday. The Gabelli Global Small and Mid Cap Value Trust has a 1 year low of $9.65 and a 1 year high of $17.29. The business has a 50 day simple moving average of $15.91 and a 200-day simple moving average of $15.48.

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 23rd. Stockholders of record on Thursday, September 16th will be paid a $0.16 dividend. This represents a $0.64 annualized dividend and a dividend yield of 4.01%. The ex-dividend date is Wednesday, September 15th.

Several institutional investors and hedge funds have recently added to or reduced their stakes in GGZ. GABELLI & Co INVESTMENT ADVISERS INC. grew its stake in shares of The Gabelli Global Small and Mid Cap Value Trust by 5.0% during the first quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 86,856 shares of the company’s stock valued at $1,267,000 after buying an additional 4,145 shares during the last quarter. Morgan Stanley boosted its stake in shares of The Gabelli Global Small and Mid Cap Value Trust by 17.5% during the first quarter. Morgan Stanley now owns 313,301 shares of the company’s stock valued at $4,571,000 after purchasing an additional 46,643 shares during the period. 180 Wealth Advisors LLC boosted its stake in shares of The Gabelli Global Small and Mid Cap Value Trust by 29.1% during the first quarter. 180 Wealth Advisors LLC now owns 14,671 shares of the company’s stock valued at $230,000 after purchasing an additional 3,310 shares during the period. Private Management Group Inc. raised its stake in shares of The Gabelli Global Small and Mid Cap Value Trust by 3.2% during the second quarter. Private Management Group Inc. now owns 190,276 shares of the company’s stock valued at $3,044,000 after acquiring an additional 5,819 shares in the last quarter. Finally, Shaker Financial Services LLC bought a new stake in shares of The Gabelli Global Small and Mid Cap Value Trust during the second quarter valued at approximately $655,000.

The Gabelli Global Small and Mid Cap Value Trust Company Profile

The Gabelli Global Small & Mid Cap Value Trust is a closed-end management investment trust. Its investment objective is long term capital growth. The company was founded on August 19, 2013 and is headquartered in Rye, NY.

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