Blue Bell Private Wealth Management buys $9,033,596 stake in General American Investors Co. (GAM)

General American Investors Co. (GAM) : Blue Bell Private Wealth Management scooped up 33,556 additional shares in General American Investors Co. during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 12, 2016. The investment management firm now holds a total of 288,429 shares of General American Investors Co. which is valued at $9,033,596.General American Investors Co. makes up approximately 6.10% of Blue Bell Private Wealth Management’s portfolio.

General American Investors Co. closed down -0.05 points or -0.16% at $31.32 with 29,748 shares getting traded on Friday. Post opening the session at $31.34, the shares hit an intraday low of $31.25 and an intraday high of $31.36 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

Other Hedge Funds, Including , Creative Planning reduced its stake in GAM by selling 766 shares or 6.73% in the most recent quarter. The Hedge Fund company now holds 10,608 shares of GAM which is valued at $325,029.

General American Investors Company Inc. is a diversified closed-end management investment company. The primary objective of the Company is long-term capital appreciation through investment in companies with above average growth potential. Lesser emphasis is placed on current income. The Company invests principally in common stocks. The Company’s investment approach focuses on the selection of individual stocks each of which is expected to meet a clearly defined portfolio objective. The Company’s portfolio of investments include financials information technology consumer discretionary consumer staples energy health care industrials telecommunication services materials short-term securities and other.

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