Maltin Wealth Management Inc. Buys 1,727 Shares of The Gabelli Dividend & Income Trust (NYSE:GDV)

Maltin Wealth Management Inc. boosted its position in The Gabelli Dividend & Income Trust (NYSE:GDV) by 3.5% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 51,466 shares of the financial services provider’s stock after purchasing an additional 1,727 shares during the quarter. Maltin Wealth Management Inc.’s holdings in The Gabelli Dividend & Income Trust were worth $1,243,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the company. MML Investors Services LLC grew its stake in The Gabelli Dividend & Income Trust by 3.6% during the 3rd quarter. MML Investors Services LLC now owns 14,212 shares of the financial services provider’s stock worth $347,000 after buying an additional 488 shares during the last quarter. CWM LLC boosted its stake in The Gabelli Dividend & Income Trust by 11.6% in the 3rd quarter. CWM LLC now owns 5,227 shares of the financial services provider’s stock worth $128,000 after purchasing an additional 545 shares in the last quarter. Integrated Capital Management Inc. raised its holdings in shares of The Gabelli Dividend & Income Trust by 3.8% in the fourth quarter. Integrated Capital Management Inc. now owns 15,656 shares of the financial services provider’s stock worth $378,000 after buying an additional 576 shares during the last quarter. Mercer Global Advisors Inc. ADV lifted its stake in shares of The Gabelli Dividend & Income Trust by 1.0% during the second quarter. Mercer Global Advisors Inc. ADV now owns 64,662 shares of the financial services provider’s stock worth $1,468,000 after buying an additional 615 shares during the period. Finally, Envestnet Asset Management Inc. grew its holdings in shares of The Gabelli Dividend & Income Trust by 0.7% during the second quarter. Envestnet Asset Management Inc. now owns 101,952 shares of the financial services provider’s stock valued at $2,315,000 after buying an additional 721 shares during the last quarter.

The Gabelli Dividend & Income Trust Price Performance

NYSE GDV opened at $24.82 on Monday. The stock’s fifty day moving average price is $24.72 and its 200 day moving average price is $24.14. The Gabelli Dividend & Income Trust has a 1 year low of $20.99 and a 1 year high of $25.67.

The Gabelli Dividend & Income Trust Announces Dividend

The company also recently disclosed a dividend, which will be paid on Friday, January 24th. Stockholders of record on Friday, January 17th will be paid a $0.14 dividend. This represents a dividend yield of 6.84%. The ex-dividend date of this dividend is Thursday, January 16th.

About The Gabelli Dividend & Income Trust

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.