Oppenheimer & Co. Inc. Lowers Stock Holdings in The Gabelli Dividend & Income Trust (NYSE:GDV)

Oppenheimer & Co. Inc. lessened its holdings in The Gabelli Dividend & Income Trust (NYSE:GDV) by 1.6% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 134,344 shares of the financial services provider’s stock after selling 2,185 shares during the period. Oppenheimer & Co. Inc.’s holdings in The Gabelli Dividend & Income Trust were worth $3,285,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of GDV. Pinnacle Wealth Planning Services Inc. boosted its stake in shares of The Gabelli Dividend & Income Trust by 5.9% in the first quarter. Pinnacle Wealth Planning Services Inc. now owns 11,122 shares of the financial services provider’s stock worth $256,000 after acquiring an additional 623 shares during the period. Bessemer Group Inc. bought a new position in The Gabelli Dividend & Income Trust in the 1st quarter worth approximately $33,000. Vima LLC grew its holdings in The Gabelli Dividend & Income Trust by 563.2% during the 1st quarter. Vima LLC now owns 40,553 shares of the financial services provider’s stock valued at $932,000 after buying an additional 34,438 shares in the last quarter. Cetera Investment Advisers raised its position in shares of The Gabelli Dividend & Income Trust by 157.0% during the first quarter. Cetera Investment Advisers now owns 104,504 shares of the financial services provider’s stock valued at $2,401,000 after buying an additional 63,835 shares during the last quarter. Finally, Cetera Advisors LLC bought a new stake in shares of The Gabelli Dividend & Income Trust during the first quarter valued at approximately $1,664,000.

Insider Activity

In other news, insider Mario J. Gabelli purchased 2,000 shares of the company’s stock in a transaction that occurred on Tuesday, October 15th. The stock was bought at an average cost of $24.90 per share, with a total value of $49,800.00. Following the completion of the purchase, the insider now owns 10,000 shares in the company, valued at approximately $249,000. This represents a 25.00 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders bought a total of 3,134,000 shares of company stock worth $31,369,800 over the last 90 days.

The Gabelli Dividend & Income Trust Stock Performance

Shares of NYSE:GDV opened at $24.50 on Friday. The firm has a fifty day moving average price of $24.37 and a 200 day moving average price of $23.44. The Gabelli Dividend & Income Trust has a fifty-two week low of $19.52 and a fifty-two week high of $25.33.

The Gabelli Dividend & Income Trust Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, February 21st. Shareholders of record on Thursday, February 13th will be issued a dividend of $0.11 per share. This represents a $1.32 annualized dividend and a dividend yield of 5.39%. The ex-dividend date is Thursday, February 13th.

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.