Gamco Investors INC. ET AL Has $7.71 Million Stock Position in The Gabelli Convertible and Income Securities Fund Inc. (NYSE:GCV)

Gamco Investors INC. ET AL decreased its position in shares of The Gabelli Convertible and Income Securities Fund Inc. (NYSE:GCV – Get Rating) by 0.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,120,000 shares of the investment management company’s stock after selling 9,000 shares during the period. Gamco Investors INC. ET AL owned 5.95% of The Gabelli Convertible and Income Securities Fund worth $7,706,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Morgan Stanley boosted its position in The Gabelli Convertible and Income Securities Fund by 24.8% during the second quarter. Morgan Stanley now owns 785,723 shares of the investment management company’s stock valued at $5,178,000 after purchasing an additional 156,151 shares during the last quarter. Private Advisor Group LLC raised its holdings in The Gabelli Convertible and Income Securities Fund by 12.4% during the fourth quarter. Private Advisor Group LLC now owns 27,200 shares of the investment management company’s stock valued at $187,000 after buying an additional 3,000 shares in the last quarter. Equitable Holdings Inc. raised its holdings in The Gabelli Convertible and Income Securities Fund by 15.0% during the fourth quarter. Equitable Holdings Inc. now owns 76,500 shares of the investment management company’s stock valued at $526,000 after buying an additional 10,000 shares in the last quarter. Commonwealth Equity Services LLC raised its holdings in The Gabelli Convertible and Income Securities Fund by 113.9% during the fourth quarter. Commonwealth Equity Services LLC now owns 23,699 shares of the investment management company’s stock valued at $163,000 after buying an additional 12,618 shares in the last quarter. Finally, Whitener Capital Management Inc. bought a new position in The Gabelli Convertible and Income Securities Fund during the fourth quarter valued at about $361,000.

NYSE GCV opened at $5.73 on Monday. The Gabelli Convertible and Income Securities Fund Inc. has a fifty-two week low of $5.62 and a fifty-two week high of $7.21. The stock’s 50-day moving average is $6.09 and its two-hundred day moving average is $6.29.

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 23rd. Shareholders of record on Wednesday, June 15th will be issued a dividend of $0.12 per share. The ex-dividend date of this dividend is Tuesday, June 14th. This represents a $0.48 annualized dividend and a yield of 8.38%.

The Gabelli Convertible and Income Securities Fund Company Profile (Get Rating)

The Gabelli Convertible and Income Securities Fund Inc is a closed-ended balanced mutual fund launched by GAMCO Investors, Inc The fund is managed by Gabelli Funds, LLC. It invests in public equity and fixed income markets. The fund seeks to invest in stocks of companies operating across diversified sectors.

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