Stephens Inc. AR Sells 955 Shares of The Gabelli Dividend & Income Trust (NYSE:GDV)

Stephens Inc. AR cut its holdings in shares of The Gabelli Dividend & Income Trust (NYSE:GDV) by 2.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 37,708 shares of the financial services provider’s stock after selling 955 shares during the period. Stephens Inc. AR’s holdings in The Gabelli Dividend & Income Trust were worth $911,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. CWM LLC grew its holdings in shares of The Gabelli Dividend & Income Trust by 11.6% during the third quarter. CWM LLC now owns 5,227 shares of the financial services provider’s stock worth $128,000 after purchasing an additional 545 shares during the last quarter. Horizon Wealth Management LLC acquired a new stake in The Gabelli Dividend & Income Trust in the 3rd quarter valued at about $211,000. Gilliland Jeter Wealth Management LLC raised its stake in shares of The Gabelli Dividend & Income Trust by 11.0% in the third quarter. Gilliland Jeter Wealth Management LLC now owns 24,548 shares of the financial services provider’s stock worth $600,000 after acquiring an additional 2,437 shares during the last quarter. Private Advisor Group LLC lifted its position in shares of The Gabelli Dividend & Income Trust by 2.9% during the third quarter. Private Advisor Group LLC now owns 168,095 shares of the financial services provider’s stock worth $4,110,000 after purchasing an additional 4,689 shares in the last quarter. Finally, International Assets Investment Management LLC grew its stake in shares of The Gabelli Dividend & Income Trust by 2,345.0% during the third quarter. International Assets Investment Management LLC now owns 352,080 shares of the financial services provider’s stock valued at $8,608,000 after purchasing an additional 337,680 shares during the last quarter.

Insider Activity

In other news, insider Mario J. Gabelli acquired 2,300 shares of the company’s stock in a transaction on Friday, January 17th. The stock was purchased at an average cost of $24.83 per share, with a total value of $57,109.00. Following 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 acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

The Gabelli Dividend & Income Trust Price Performance

Shares of The Gabelli Dividend & Income Trust stock opened at $25.22 on Friday. The firm has a 50 day simple moving average of $24.71 and a 200 day simple moving average of $24.36. The Gabelli Dividend & Income Trust has a fifty-two week low of $21.44 and a fifty-two week high of $25.67.

The Gabelli Dividend & Income Trust Dividend Announcement

The company also recently announced a dividend, which was paid on Friday, January 24th. Stockholders of record on Friday, January 17th were given a dividend of $0.14 per share. The ex-dividend date of this dividend was Thursday, January 16th. This represents a dividend yield of 6.84%.

About The Gabelli Dividend & Income Trust

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.