The Gabelli Dividend & Income Trust (NYSE:GDV) Shares Purchased by Private Advisor Group LLC

Private Advisor Group LLC lifted its stake in shares of The Gabelli Dividend & Income Trust (NYSE:GDVFree Report) by 36.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 18,784 shares of the financial services provider’s stock after purchasing an additional 4,986 shares during the quarter. Private Advisor Group LLC’s holdings in The Gabelli Dividend & Income Trust were worth $406,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also made changes to their positions in GDV. Fifth Third Bancorp grew its position in shares of The Gabelli Dividend & Income Trust by 42.9% during the third quarter. Fifth Third Bancorp now owns 14,292 shares of the financial services provider’s stock worth $278,000 after acquiring an additional 4,292 shares during the last quarter. WealthPlan Investment Management LLC bought a new position in The Gabelli Dividend & Income Trust in the 3rd quarter worth approximately $2,288,000. NBC Securities Inc. bought a new stake in The Gabelli Dividend & Income Trust during the 3rd quarter valued at $200,000. RPO LLC boosted its position in The Gabelli Dividend & Income Trust by 76.6% during the 3rd quarter. RPO LLC now owns 197,213 shares of the financial services provider’s stock worth $3,834,000 after acquiring an additional 85,513 shares during the period. Finally, Sigma Planning Corp grew its stake in shares of The Gabelli Dividend & Income Trust by 3.4% in the third quarter. Sigma Planning Corp now owns 25,828 shares of the financial services provider’s stock worth $502,000 after purchasing an additional 839 shares in the last quarter.

The Gabelli Dividend & Income Trust Stock Performance

Shares of NYSE GDV opened at $22.87 on Wednesday. The firm’s 50-day simple moving average is $22.36 and its 200 day simple moving average is $21.61. The Gabelli Dividend & Income Trust has a fifty-two week low of $18.04 and a fifty-two week high of $23.00.

The Gabelli Dividend & Income Trust Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Monday, September 23rd. Stockholders of record on Monday, September 16th will be issued a $0.11 dividend. This represents a $1.32 annualized dividend and a dividend yield of 5.77%. The ex-dividend date of this dividend is Monday, September 16th.

The Gabelli Dividend & Income Trust Company Profile

(Free Report)

The Gabelli Dividend & Income Trust is a closed ended equity mutual fund launched by GAMCO Investors, Inc The fund is managed by Gabelli Funds, LLC. It invests in public equity markets of the United States. The fund seeks to invest in stocks of companies operating across diversified sectors. It primarily invests in dividend paying stocks of companies.

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Institutional Ownership by Quarter for The Gabelli Dividend & Income Trust (NYSE:GDV)

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