Private Advisor Group LLC Acquires 6,270 Shares of The Gabelli Dividend & Income Trust (NYSE:GDV)

Private Advisor Group LLC lifted its holdings in shares of The Gabelli Dividend & Income Trust (NYSE:GDV) by 3.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 174,365 shares of the financial services provider’s stock after purchasing an additional 6,270 shares during the period. Private Advisor Group LLC’s holdings in The Gabelli Dividend & Income Trust were worth $4,211,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the business. International Assets Investment Management LLC lifted its position in shares of The Gabelli Dividend & Income Trust by 2,345.0% during the 3rd quarter. International Assets Investment Management LLC now owns 352,080 shares of the financial services provider’s stock valued at $8,608,000 after acquiring an additional 337,680 shares during the period. Wealth Enhancement Advisory Services LLC increased its holdings in The Gabelli Dividend & Income Trust by 0.5% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 160,640 shares of the financial services provider’s stock worth $3,928,000 after purchasing an additional 864 shares in the last quarter. Wolverine Asset Management LLC lifted its stake in The Gabelli Dividend & Income Trust by 9.6% during 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 acquiring an additional 13,834 shares in the last quarter. Sanctuary Advisors LLC grew its position in The Gabelli Dividend & Income Trust by 1.4% in the 4th quarter. Sanctuary Advisors LLC now owns 156,670 shares of the financial services provider’s stock worth $3,951,000 after purchasing an additional 2,216 shares in the last quarter. Finally, Capstone Investment Advisors LLC purchased a new stake in The Gabelli Dividend & Income Trust in the 3rd quarter valued at about $3,138,000.

Insiders Place Their Bets

In other The Gabelli Dividend & Income Trust news, insider Mario J. Gabelli bought 2,300 shares of the stock in a transaction dated Friday, January 17th. The shares were bought at an average cost of $24.83 per share, for a total transaction of $57,109.00. Following the purchase, the insider now directly owns 145,812 shares of the company’s stock, valued at approximately $3,620,511.96. This trade represents a 1.60 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

The Gabelli Dividend & Income Trust Price Performance

The Gabelli Dividend & Income Trust stock opened at $24.96 on Monday. The Gabelli Dividend & Income Trust has a 52 week low of $21.44 and a 52 week high of $25.67. The company’s 50 day moving average price is $24.70 and its two-hundred day moving average price is $24.47.

The Gabelli Dividend & Income Trust Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, June 23rd. Investors of record on Friday, June 13th will be issued a dividend of $0.14 per share. The ex-dividend date is Friday, June 13th. This represents a $1.68 dividend on an annualized basis and a yield of 6.73%.

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.