Arlington Capital Management Inc. Takes $114,000 Position in The Gabelli Convertible and Income Securities Fund Inc. (NYSE:GCV)

Arlington Capital Management Inc. acquired a new stake in The Gabelli Convertible and Income Securities Fund Inc. (NYSE:GCV) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 31,703 shares of the investment management company’s stock, valued at approximately $114,000. Arlington Capital Management Inc. owned about 0.16% of The Gabelli Convertible and Income Securities Fund at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of GCV. Atria Wealth Solutions Inc. increased its position in The Gabelli Convertible and Income Securities Fund by 18.3% during the fourth quarter. Atria Wealth Solutions Inc. now owns 41,578 shares of the investment management company’s stock worth $150,000 after purchasing an additional 6,445 shares during the last quarter. Wolverine Asset Management LLC increased its position in The Gabelli Convertible and Income Securities Fund by 170.7% during the fourth quarter. Wolverine Asset Management LLC now owns 99,088 shares of the investment management company’s stock worth $357,000 after purchasing an additional 62,480 shares during the last quarter. International Assets Investment Management LLC acquired a new position in The Gabelli Convertible and Income Securities Fund during the fourth quarter worth approximately $183,000. Landscape Capital Management L.L.C. acquired a new position in The Gabelli Convertible and Income Securities Fund during the third quarter worth approximately $95,000. Finally, MGO One Seven LLC acquired a new position in The Gabelli Convertible and Income Securities Fund during the third quarter worth approximately $45,000. Institutional investors and hedge funds own 23.40% of the company’s stock.

The Gabelli Convertible and Income Securities Fund Stock Performance

GCV stock remained flat at $3.65 on Wednesday. 30,470 shares of the company traded hands, compared to its average volume of 47,360. The Gabelli Convertible and Income Securities Fund Inc. has a 1 year low of $3.15 and a 1 year high of $4.58. The company has a fifty day simple moving average of $3.62 and a two-hundred day simple moving average of $3.57.

The Gabelli Convertible and Income Securities Fund Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 21st. Shareholders of record on Thursday, March 14th were paid a dividend of $0.12 per share. The ex-dividend date of this dividend was Wednesday, March 13th. This represents a $0.48 annualized dividend and a yield of 13.17%.

The Gabelli Convertible and Income Securities Fund Company Profile

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.