Sigma Planning Corp Sells 952 Shares of The Gabelli Dividend & Income Trust (NYSE:GDV)

Sigma Planning Corp decreased its position in The Gabelli Dividend & Income Trust (NYSE:GDV) by 4.5% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 20,287 shares of the financial services provider’s stock after selling 952 shares during the quarter. Sigma Planning Corp’s holdings in The Gabelli Dividend & Income Trust were worth $496,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Larson Financial Group LLC bought a new stake in The Gabelli Dividend & Income Trust in the 2nd quarter worth approximately $27,000. Bessemer Group Inc. bought a new stake in The Gabelli Dividend & Income Trust in the first quarter valued at approximately $33,000. Wetzel Investment Advisors Inc. bought a new stake in The Gabelli Dividend & Income Trust in the second quarter valued at approximately $71,000. CWM LLC lifted its position in The Gabelli Dividend & Income Trust by 11.6% in the third quarter. CWM LLC now owns 5,227 shares of the financial services provider’s stock valued at $128,000 after purchasing an additional 545 shares during the last quarter. Finally, Constitution Capital LLC bought a new stake in The Gabelli Dividend & Income Trust in the third quarter valued at approximately $203,000.

The Gabelli Dividend & Income Trust Trading Down 0.2 %

Shares of GDV stock opened at $24.50 on Friday. The Gabelli Dividend & Income Trust has a fifty-two week low of $19.52 and a fifty-two week high of $25.33. The stock has a 50 day moving average price of $24.37 and a two-hundred day moving average price of $23.44.

The Gabelli Dividend & Income Trust Dividend Announcement

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 given a $0.11 dividend. The ex-dividend date is Thursday, February 13th. This represents a $1.32 annualized dividend and a yield of 5.39%.

Insider Buying and Selling at The Gabelli Dividend & Income Trust

In other The Gabelli Dividend & Income Trust news, insider Mario J. Gabelli bought 2,000 shares of the firm’s stock in a transaction that occurred on Tuesday, October 15th. The stock was bought at an average price of $24.90 per share, for a total transaction of $49,800.00. Following the completion of the acquisition, the insider now directly owns 10,000 shares in the company, valued at $249,000. The trade was a 25.00 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Over the last 90 days, insiders purchased 3,134,000 shares of company stock worth $31,369,800.

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.