Focus Partners Wealth Makes New Investment in The Gabelli Dividend & Income Trust (NYSE:GDV)

Focus Partners Wealth acquired a new stake in shares of The Gabelli Dividend & Income Trust (NYSE:GDV) during the fourth quarter, according to its most recent disclosure with the SEC. The fund acquired 24,524 shares of the financial services provider’s stock, valued at approximately $600,000.

Other large investors have also recently made changes to their positions in the company. Russell Investments Group Ltd. lifted its position in shares of The Gabelli Dividend & Income Trust by 75.6% during the 4th quarter. Russell Investments Group Ltd. now owns 1,103 shares of the financial services provider’s stock valued at $27,000 after buying an additional 475 shares in the last quarter. Jones Financial Companies Lllp bought a new stake in The Gabelli Dividend & Income Trust during the 4th quarter valued at approximately $28,000. IFP Advisors Inc raised its stake in The Gabelli Dividend & Income Trust by 1,425.3% during the 4th quarter. IFP Advisors Inc now owns 1,205 shares of the financial services provider’s stock valued at $29,000 after purchasing an additional 1,126 shares during the period. US Bancorp DE bought a new stake in The Gabelli Dividend & Income Trust during the 4th quarter valued at approximately $39,000. Finally, Anderson Financial Strategies LLC bought a new stake in The Gabelli Dividend & Income Trust during the 4th quarter valued at approximately $123,000.

The Gabelli Dividend & Income Trust Price Performance

Shares of GDV opened at $24.78 on Tuesday. The business’s 50 day moving average is $23.47 and its 200 day moving average is $24.30. The Gabelli Dividend & Income Trust has a 12-month low of $20.10 and a 12-month high of $25.67.

The Gabelli Dividend & Income Trust Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, September 23rd. Shareholders of record on Tuesday, September 16th will be paid a $0.14 dividend. This represents a $1.68 dividend on an annualized basis and a yield of 6.78%. The ex-dividend date of this dividend is Tuesday, September 16th.

The Gabelli Dividend & Income Trust Profile

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.