The Gabelli Dividend & Income Trust (NYSE:GDV) Stock Holdings Increased by Larson Financial Group LLC

Larson Financial Group LLC increased its holdings in The Gabelli Dividend & Income Trust (NYSE:GDV) by 233.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,000 shares of the financial services provider’s stock after purchasing an additional 2,800 shares during the quarter. Larson Financial Group LLC’s holdings in The Gabelli Dividend & Income Trust were worth $98,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Wealth Enhancement Advisory Services LLC raised its holdings in shares of The Gabelli Dividend & Income Trust by 0.3% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 159,776 shares of the financial services provider’s stock worth $3,629,000 after purchasing an additional 542 shares in the last quarter. CWM LLC lifted its position in shares of 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 valued at $128,000 after acquiring an additional 545 shares in the last quarter. Brookstone Capital Management lifted its position in shares of The Gabelli Dividend & Income Trust by 3.7% in the 2nd quarter. Brookstone Capital Management now owns 15,496 shares of the financial services provider’s stock valued at $368,000 after acquiring an additional 551 shares in the last quarter. Mercer Global Advisors Inc. ADV lifted its position in shares of The Gabelli Dividend & Income Trust by 1.0% in the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 64,662 shares of the financial services provider’s stock valued at $1,468,000 after acquiring an additional 615 shares in the last quarter. Finally, Envestnet Asset Management Inc. lifted its position in shares of The Gabelli Dividend & Income Trust by 0.7% in the 2nd quarter. Envestnet Asset Management Inc. now owns 101,952 shares of the financial services provider’s stock valued at $2,315,000 after acquiring an additional 721 shares in the last quarter.

The Gabelli Dividend & Income Trust Stock Performance

Shares of NYSE:GDV opened at $25.30 on Friday. The Gabelli Dividend & Income Trust has a 52 week low of $20.20 and a 52 week high of $25.39. The firm has a 50 day simple moving average of $24.57 and a 200 day simple moving average of $23.61.

The Gabelli Dividend & Income Trust Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Monday, March 24th. Investors of record on Monday, March 17th will be given a $0.11 dividend. The ex-dividend date of this dividend is Monday, March 17th. This represents a $1.32 annualized dividend and a dividend yield of 5.22%.

Insider Activity at The Gabelli Dividend & Income Trust

In other news, insider Mario J. Gabelli purchased 2,000 shares of The Gabelli Dividend & Income Trust stock in a transaction that occurred on Tuesday, October 15th. The stock was acquired at an average price of $24.90 per share, for a total transaction of $49,800.00. Following the transaction, the insider now 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 legal filing with the SEC, which is available at this link. In the last 90 days, insiders bought 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.