Gabelli Convertible & Income Securities (GCV) : Shaker Financial Services scooped up 61,532 additional shares in Gabelli Convertible & Income Securities during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 1, 2016. The investment management firm now holds a total of 164,187 shares of Gabelli Convertible & Income Securities which is valued at $791,381.Gabelli Convertible & Income Securities makes up approximately 0.53% of Shaker Financial Services’s portfolio.
Other Hedge Funds, Including , Security National Trust Co sold out all of its stake in GCV during the most recent quarter. The investment firm sold 2,300 shares of GCV which is valued $11,263.
Gabelli Convertible & Income Securities opened for trading at $4.85 and hit $4.85 on the upside on Thursday, eventually ending the session at $4.83, with a gain of 0.21% or 0.01 points. The heightened volatility saw the trading volume jump to 7,828 shares. Company has a market cap of $60 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 Funds 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 Funds investment advisor is Gabelli Funds LLC.