Oppenheimer & Co. Inc. Has $3.35 Million Position in The Gabelli Dividend & Income Trust (NYSE:GDV)

Oppenheimer & Co. Inc. grew its holdings in The Gabelli Dividend & Income Trust (NYSE:GDV) by 3.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 138,506 shares of the financial services provider’s stock after buying an additional 4,162 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in The Gabelli Dividend & Income Trust were worth $3,345,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Capstone Investment Advisors LLC bought a new position in The Gabelli Dividend & Income Trust in the 3rd quarter worth approximately $3,138,000. Shaker Financial Services LLC increased its stake in shares of The Gabelli Dividend & Income Trust by 241.0% in the 3rd quarter. Shaker Financial Services LLC now owns 58,652 shares of the financial services provider’s stock valued at $1,434,000 after buying an additional 41,452 shares during the period. Wolverine Asset Management LLC raised its position in shares of The Gabelli Dividend & Income Trust by 9.6% during the third quarter. Wolverine Asset Management LLC now owns 158,151 shares of the financial services provider’s stock worth $3,867,000 after acquiring an additional 13,834 shares during the last quarter. Hennion & Walsh Asset Management Inc. acquired a new position in shares of The Gabelli Dividend & Income Trust during the fourth quarter valued at $278,000. Finally, MGB Wealth Management LLC acquired a new position in shares of The Gabelli Dividend & Income Trust during the third quarter valued at $209,000.

Insider Activity

In related news, insider Mario J. Gabelli acquired 2,300 shares of the company’s stock in a transaction that occurred on Friday, January 17th. The stock was acquired at an average price of $24.83 per share, for a total transaction of $57,109.00. Following the completion of the acquisition, the insider now owns 145,812 shares of the company’s stock, valued at $3,620,511.96. This trade represents a 1.60 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website.

The Gabelli Dividend & Income Trust Stock Performance

The Gabelli Dividend & Income Trust stock opened at $24.79 on Friday. The Gabelli Dividend & Income Trust has a 1 year low of $21.44 and a 1 year high of $25.67. The company’s 50-day moving average is $24.74 and its two-hundred day moving average is $24.53.

The Gabelli Dividend & Income Trust Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, June 23rd. Shareholders of record on Friday, June 13th will be issued a dividend of $0.14 per share. This represents a $1.68 dividend on an annualized basis and a yield of 6.78%. The ex-dividend date is Friday, June 13th.

The Gabelli Dividend & Income Trust Company 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.