Arlington Capital Management Inc. Makes New Investment in The Gabelli Convertible and Income Securities Fund Inc. (NYSE:GCV)

Arlington Capital Management Inc. acquired a new position in shares of The Gabelli Convertible and Income Securities Fund Inc. (NYSE:GCV) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 31,703 shares of the investment management company’s stock, valued at approximately $114,000.

A number of other large investors have also recently bought and sold shares of the company. Atria Wealth Solutions Inc. boosted its stake in shares of The Gabelli Convertible and Income Securities Fund by 18.3% in the 4th quarter. Atria Wealth Solutions Inc. now owns 41,578 shares of the investment management company’s stock valued at $150,000 after purchasing an additional 6,445 shares in the last quarter. Wolverine Asset Management LLC raised its holdings in The Gabelli Convertible and Income Securities Fund by 170.7% during the 4th quarter. Wolverine Asset Management LLC now owns 99,088 shares of the investment management company’s stock worth $357,000 after purchasing an additional 62,480 shares during the last quarter. International Assets Investment Management LLC bought a new position in The Gabelli Convertible and Income Securities Fund during the 4th quarter worth approximately $183,000. Landscape Capital Management L.L.C. bought a new stake in shares of The Gabelli Convertible and Income Securities Fund in the 3rd quarter valued at $95,000. Finally, MGO One Seven LLC bought a new stake in shares of The Gabelli Convertible and Income Securities Fund in the 3rd quarter valued at $45,000. 23.40% of the stock is currently owned by institutional investors and hedge funds.

The Gabelli Convertible and Income Securities Fund Stock Performance

NYSE GCV remained flat at $3.65 during mid-day trading on Wednesday. 30,470 shares of the company traded hands, compared to its average volume of 47,360. The firm’s fifty day moving average price is $3.62 and its 200 day moving average price is $3.57. The Gabelli Convertible and Income Securities Fund Inc. has a twelve month low of $3.15 and a twelve month high of $4.58.

The Gabelli Convertible and Income Securities Fund Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 21st. Shareholders of record on Thursday, March 14th were issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 13.17%. The ex-dividend date was Wednesday, March 13th.

About The Gabelli Convertible and Income Securities Fund

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.