International Assets Investment Management LLC Buys Shares of 50,843 The Gabelli Convertible and Income Securities Fund Inc. (NYSE:GCV)

International Assets Investment Management LLC bought a new stake in shares of The Gabelli Convertible and Income Securities Fund Inc. (NYSE:GCV) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 50,843 shares of the investment management company’s stock, valued at approximately $183,000. International Assets Investment Management LLC owned 0.26% of The Gabelli Convertible and Income Securities Fund at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the stock. Atria Wealth Solutions Inc. grew its stake in shares of The Gabelli Convertible and Income Securities Fund by 16.0% in the 3rd quarter. Atria Wealth Solutions Inc. now owns 35,133 shares of the investment management company’s stock worth $132,000 after purchasing an additional 4,849 shares during the last quarter. SFI Advisors LLC grew its stake in shares of The Gabelli Convertible and Income Securities Fund by 13.1% in the 3rd quarter. SFI Advisors LLC now owns 62,325 shares of the investment management company’s stock worth $234,000 after purchasing an additional 7,216 shares during the last quarter. Commonwealth Equity Services LLC increased its position in shares of The Gabelli Convertible and Income Securities Fund by 27.6% in the third quarter. Commonwealth Equity Services LLC now owns 49,048 shares of the investment management company’s stock worth $184,000 after acquiring an additional 10,622 shares in the last quarter. MGO One Seven LLC purchased a new position in shares of The Gabelli Convertible and Income Securities Fund in the third quarter worth approximately $45,000. Finally, Wolverine Asset Management LLC increased its position in shares of The Gabelli Convertible and Income Securities Fund by 72.9% in the third quarter. Wolverine Asset Management LLC now owns 36,608 shares of the investment management company’s stock worth $137,000 after acquiring an additional 15,432 shares in the last quarter. Institutional investors and hedge funds own 23.40% of the company’s stock.

The Gabelli Convertible and Income Securities Fund Price Performance

The Gabelli Convertible and Income Securities Fund stock opened at $3.53 on Monday. The firm’s 50 day simple moving average is $3.62 and its 200-day simple moving average is $3.57. The Gabelli Convertible and Income Securities Fund Inc. has a fifty-two week low of $3.15 and a fifty-two week high of $4.58.

The Gabelli Convertible and Income Securities Fund Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, March 21st. Shareholders of record on Thursday, March 14th were given a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 13.60%. The ex-dividend date of this dividend was Wednesday, March 13th.

About The Gabelli Convertible and Income Securities Fund

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.