Gabelli Convertbl and Incm Scrts Fnd (NYSE:GCV) Stock Price Passes Above 50-Day Moving Average of $5.27

Gabelli Convertbl and Incm Scrts Fnd Inc (NYSE:GCV) passed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $5.27 and traded as high as $5.34. Gabelli Convertbl and Incm Scrts Fnd shares last traded at $5.32, with a volume of 416 shares.

The firm’s 50 day moving average is $5.27 and its 200 day moving average is $5.16.

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Morgan Stanley increased its stake in shares of Gabelli Convertbl and Incm Scrts Fnd by 5.0% in the second quarter. Morgan Stanley now owns 662,835 shares of the investment management company’s stock worth $3,400,000 after buying an additional 31,359 shares during the period. Shaker Financial Services LLC increased its stake in shares of Gabelli Convertbl and Incm Scrts Fnd by 54.1% in the second quarter. Shaker Financial Services LLC now owns 198,404 shares of the investment management company’s stock worth $1,018,000 after buying an additional 69,647 shares during the period. Advisor Group Inc. increased its stake in shares of Gabelli Convertbl and Incm Scrts Fnd by 13.2% in the second quarter. Advisor Group Inc. now owns 90,572 shares of the investment management company’s stock worth $464,000 after buying an additional 10,591 shares during the period. PFG Advisors increased its stake in shares of Gabelli Convertbl and Incm Scrts Fnd by 17.5% in the first quarter. PFG Advisors now owns 41,391 shares of the investment management company’s stock worth $216,000 after buying an additional 6,153 shares during the period. Finally, Mid Atlantic Financial Management Inc. ADV increased its stake in shares of Gabelli Convertbl and Incm Scrts Fnd by 52.4% in the second quarter. Mid Atlantic Financial Management Inc. ADV now owns 40,700 shares of the investment management company’s stock worth $209,000 after buying an additional 14,000 shares during the period. 14.43% of the stock is currently owned by institutional investors.

Gabelli Convertbl and Incm Scrts Fnd Company Profile (NYSE:GCV)

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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