Windsor Capital Management Lowers stake in Gabelli Convertible & Income Securities (GCV)

Gabelli Convertible & Income Securities (GCV) : Windsor Capital Management reduced its stake in Gabelli Convertible & Income Securities by 6.04% during the most recent quarter end. The investment management company now holds a total of 322,944 shares of Gabelli Convertible & Income Securities which is valued at $1.5 Million after selling 20,763 shares in Gabelli Convertible & Income Securities , the firm said in a disclosure report filed with the SEC on May 11, 2016.Gabelli Convertible & Income Securities makes up approximately 0.90% of Windsor Capital Management’s portfolio.

Other Hedge Funds, Including , Landscape Capital Management L.l.c. boosted its stake in GCV in the latest quarter, The investment management firm added 18,001 additional shares and now holds a total of 29,767 shares of Gabelli Convertible & Income Securities which is valued at $133,654. Gabelli Convertible & Income Securities makes up approx 0.02% of Landscape Capital Management L.l.c.’s portfolio. Shaker Financial Services added GCV to its portfolio by purchasing 102,655 company shares during the most recent quarter which is valued at $460,921. Gabelli Convertible & Income Securities makes up approx 0.33% of Shaker Financial Services’s portfolio.Gamco Investors Et Al boosted its stake in GCV in the latest quarter, The investment management firm added 870 additional shares and now holds a total of 1,145,435 shares of Gabelli Convertible & Income Securities which is valued at $5.2 Million. Gabelli Convertible & Income Securities makes up approx 0.03% of Gamco Investors Et Al’s portfolio.Ifp Advisors Inc boosted its stake in GCV in the latest quarter, The investment management firm added 6,662 additional shares and now holds a total of 10,127 shares of Gabelli Convertible & Income Securities which is valued at $46,230. Security National Trust Co added GCV to its portfolio by purchasing 2,300 company shares during the most recent quarter which is valued at $10,557.

Gabelli Convertible & Income Securities opened for trading at $4.5148 and hit $4.61 on the upside on Monday, eventually ending the session at $4.53, with a gain of 0.89% or 0.0401 points. The heightened volatility saw the trading volume jump to 48,652 shares. Company has a market cap of $56 M.

The Gabelli Convertible and Income Securities Fund Inc. (the Fund) is a diversified closed-end management investment company. The Fund’s investment objective is to seek a high level of total return through a combination of current income and capital appreciation by investing in convertible securities. The Fund will invest at least 80% of its net assets under normal market conditions in a combination of convertible securities and income producing securities. It may invest up to 15% of its net assets in securities for which the markets are restricted. The Fund’s portfolio includes convertible corporate bonds the United States Government obligations convertible preferred stocks common stocks corporate bonds and warrants. It invests in various industries including energy and utilities aerospace financial services healthcare food and beverage diversified industrial telecommunications hotels and gaming among others. The Fund’s investment advisor is Gabelli Funds LLC.

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