Atria Wealth Solutions Inc. Sells 12,929 Shares of Gabelli Convertible & Income Securities Fund Inc. $GCV

Atria Wealth Solutions Inc. decreased its holdings in Gabelli Convertible & Income Securities Fund Inc. (NYSE:GCV) by 45.1% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 15,756 shares of the investment management company’s stock after selling 12,929 shares during the quarter. Atria Wealth Solutions Inc.’s holdings in Gabelli Convertible & Income Securities Fund were worth $60,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. PNC Financial Services Group Inc. bought a new position in Gabelli Convertible & Income Securities Fund in the 1st quarter valued at $38,000. Arlington Capital Management Inc. bought a new position in Gabelli Convertible & Income Securities Fund in the 2nd quarter valued at $161,000. Mallini Complete Financial Planning LLC raised its position in Gabelli Convertible & Income Securities Fund by 17.9% in the 2nd quarter. Mallini Complete Financial Planning LLC now owns 53,337 shares of the investment management company’s stock valued at $204,000 after purchasing an additional 8,093 shares during the last quarter. Cetera Investment Advisers raised its position in Gabelli Convertible & Income Securities Fund by 112.0% in the 1st quarter. Cetera Investment Advisers now owns 61,250 shares of the investment management company’s stock valued at $229,000 after purchasing an additional 32,355 shares during the last quarter. Finally, PFG Advisors raised its position in Gabelli Convertible & Income Securities Fund by 12.8% in the 1st quarter. PFG Advisors now owns 93,421 shares of the investment management company’s stock valued at $349,000 after purchasing an additional 10,632 shares during the last quarter. Institutional investors own 23.40% of the company’s stock.

Gabelli Convertible & Income Securities Fund Price Performance

NYSE GCV opened at $4.31 on Friday. The stock has a fifty day moving average of $4.14 and a 200-day moving average of $3.86. Gabelli Convertible & Income Securities Fund Inc. has a 52 week low of $3.01 and a 52 week high of $4.36.

Gabelli Convertible & Income Securities Fund Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 23rd. Stockholders of record on Tuesday, September 16th were paid a $0.12 dividend. This is an increase from Gabelli Convertible & Income Securities Fund’s previous quarterly dividend of $0.03. The ex-dividend date of this dividend was Tuesday, September 16th. This represents a $0.48 annualized dividend and a dividend yield of 11.1%.

Gabelli Convertible & Income Securities Fund Profile

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.