Waterfront Wealth Inc. Has $214,000 Stock Holdings in The Gabelli Dividend & Income Trust (NYSE:GDV)

Waterfront Wealth Inc. trimmed its holdings in The Gabelli Dividend & Income Trust (NYSE:GDV) by 18.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,415 shares of the financial services provider’s stock after selling 2,200 shares during the quarter. Waterfront Wealth Inc.’s holdings in The Gabelli Dividend & Income Trust were worth $214,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Cornerstone Advisors LLC raised its stake in The Gabelli Dividend & Income Trust by 14.2% during the 1st quarter. Cornerstone Advisors LLC now owns 1,409,699 shares of the financial services provider’s stock worth $32,395,000 after buying an additional 174,926 shares during the period. Raymond James & Associates raised its stake in The Gabelli Dividend & Income Trust by 1.3% during the 1st quarter. Raymond James & Associates now owns 908,239 shares of the financial services provider’s stock worth $20,871,000 after buying an additional 11,538 shares during the period. 1607 Capital Partners LLC increased its holdings in The Gabelli Dividend & Income Trust by 0.5% during the 4th quarter. 1607 Capital Partners LLC now owns 784,003 shares of the financial services provider’s stock worth $16,966,000 after purchasing an additional 3,820 shares in the last quarter. Raymond James Financial Services Advisors Inc. increased its holdings in The Gabelli Dividend & Income Trust by 1.9% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 577,528 shares of the financial services provider’s stock worth $13,116,000 after purchasing an additional 10,944 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC increased its holdings in The Gabelli Dividend & Income Trust by 1.0% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 273,371 shares of the financial services provider’s stock worth $5,916,000 after purchasing an additional 2,594 shares in the last quarter.

The Gabelli Dividend & Income Trust Price Performance

Shares of GDV opened at $24.06 on Monday. The stock has a 50 day moving average price of $23.19 and a two-hundred day moving average price of $22.68. The Gabelli Dividend & Income Trust has a 52 week low of $18.04 and a 52 week high of $24.09.

The Gabelli Dividend & Income Trust Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, December 20th. Shareholders of record on Friday, December 13th will be issued a dividend of $0.11 per share. This represents a $1.32 dividend on an annualized basis and a yield of 5.49%. The ex-dividend date of this dividend is Friday, December 13th.

Insiders Place Their Bets

In related news, insider Mario J. Gabelli acquired 3,280 shares of the firm’s stock in a transaction on Friday, August 2nd. The stock was purchased at an average cost of $22.91 per share, with a total value of $75,144.80. Following the acquisition, the insider now owns 142,592 shares of the company’s stock, valued at approximately $3,266,782.72. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. In the last ninety days, insiders purchased 4,200 shares of company stock valued at $95,528.

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.