The Gabelli Dividend & Income Trust (NYSE:GDV) Shares Acquired by Steward Partners Investment Advisory LLC

Steward Partners Investment Advisory LLC increased its position in shares of The Gabelli Dividend & Income Trust (NYSE:GDV) by 3.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 296,786 shares of the financial services provider’s stock after acquiring an additional 9,779 shares during the quarter. Steward Partners Investment Advisory LLC’s holdings in The Gabelli Dividend & Income Trust were worth $7,167,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of GDV. Shaker Financial Services LLC boosted its holdings in shares of The Gabelli Dividend & Income Trust by 241.0% during the third quarter. Shaker Financial Services LLC now owns 58,652 shares of the financial services provider’s stock worth $1,434,000 after purchasing an additional 41,452 shares during the last quarter. Axxcess Wealth Management LLC purchased a new position in The Gabelli Dividend & Income Trust during the third quarter worth about $203,000. Ashton Thomas Securities LLC boosted its stake in The Gabelli Dividend & Income Trust by 4.0% in the 3rd quarter. Ashton Thomas Securities LLC now owns 31,550 shares of the financial services provider’s stock worth $771,000 after buying an additional 1,200 shares during the last quarter. Wolverine Asset Management LLC grew its holdings in The Gabelli Dividend & Income Trust by 9.6% in the 3rd quarter. Wolverine Asset Management LLC now owns 158,151 shares of the financial services provider’s stock valued at $3,867,000 after buying an additional 13,834 shares during the period. Finally, PNC Financial Services Group Inc. increased its stake in shares of The Gabelli Dividend & Income Trust by 17.4% during the 3rd quarter. PNC Financial Services Group Inc. now owns 44,625 shares of the financial services provider’s stock valued at $1,091,000 after acquiring an additional 6,625 shares during the last quarter.

The Gabelli Dividend & Income Trust Trading Up 1.0 %

Shares of GDV stock opened at $24.35 on Thursday. The firm’s 50-day simple moving average is $24.73 and its 200-day simple moving average is $24.55. The Gabelli Dividend & Income Trust has a 1-year low of $21.44 and a 1-year high of $25.67.

The Gabelli Dividend & Income Trust Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, June 23rd. Shareholders of record on Friday, June 13th will be issued a $0.14 dividend. The ex-dividend date of this dividend is Friday, June 13th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 6.90%.

Insider Activity

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

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.