Karpus Management buys $45.8 Million stake in General American Investors Co. (GAM)

General American Investors Co. (GAM) : Karpus Management scooped up 3,169 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 May 13, 2016. The investment management firm now holds a total of 1,507,066 shares of General American Investors Co. which is valued at $45.8 Million.General American Investors Co. makes up approximately 2.07% of Karpus Management’s portfolio.

Other Hedge Funds, Including , Thomas J. Herzfeld Advisors reduced its stake in GAM by selling 1,773 shares or 1.45% in the most recent quarter. The Hedge Fund company now holds 120,240 shares of GAM which is valued at $3.7 Million. General American Investors Co. makes up approx 1.91% of Thomas J. Herzfeld Advisors’s portfolio.Raymond James Associates boosted its stake in GAM in the latest quarter, The investment management firm added 24,687 additional shares and now holds a total of 381,253 shares of General American Investors Co. which is valued at $11.6 Million. General American Investors Co. makes up approx 0.04% of Raymond James Associates’s portfolio.Stratos Wealth Partners Ltd. boosted its stake in GAM in the latest quarter, The investment management firm added 2,882 additional shares and now holds a total of 17,287 shares of General American Investors Co. which is valued at $525,698. General American Investors Co. makes up approx 0.05% of Stratos Wealth Partners Ltd.’s portfolio.Cambridge Investment Research Advisors boosted its stake in GAM in the latest quarter, The investment management firm added 152 additional shares and now holds a total of 11,107 shares of General American Investors Co. which is valued at $341,318. General American Investors Co. makes up approx 0.01% of Cambridge Investment Research Advisors’s portfolio. Ifp Advisors Inc added GAM to its portfolio by purchasing 1,400 company shares during the most recent quarter which is valued at $43,022.

General American Investors Co. opened for trading at $31 and hit $31.185 on the upside on Wednesday, eventually ending the session at $31.085, with a gain of 0.83% or 0.255 points. The heightened volatility saw the trading volume jump to 26,769 shares. Company has a market cap of $912 M.

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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