The GDL Fund (NYSE:GDL – Get Rating)'s stock price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $8.01 and traded as high as $8.09. The GDL Fund shares last traded at $8.06, with a volume of 9,869 shares trading hands.

The GDL Fund Stock Performance

The stock has a 50-day simple moving average of $7.98 and a 200 day simple moving average of $8.01.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Freedom Wealth Alliance LLC acquired a new stake in shares of The GDL Fund during the 4th quarter worth about $26,000. Susquehanna International Group LLP bought a new position in shares of The GDL Fund in the 4th quarter valued at about $163,000. CSS LLC IL boosted its stake in shares of The GDL Fund by 1.5% in the 4th quarter. CSS LLC IL now owns 108,154 shares of the investment management company's stock valued at $848,000 after purchasing an additional 1,618 shares during the last quarter. Wolverine Asset Management LLC bought a new position in The GDL Fund during the 4th quarter worth approximately $37,000. Finally, Zazove Associates LLC boosted its stake in The GDL Fund by 57.6% during the 4th quarter. Zazove Associates LLC now owns 320,357 shares of the investment management company's stock worth $2,512,000 after acquiring an additional 117,039 shares during the last quarter.

The GDL Fund Company Profile

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The GDL Fund is a closed-ended equity mutual fund launched by GAMCO Investors, Inc It is managed by Gabelli Funds, LLC. The fund invests in public equity markets across the globe. It invests in stocks of companies operating across diversified sectors. The fund invests in securities of companies involved in publicly announced mergers, takeovers, tender offers, and leveraged buyouts.

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