The Gabelli Dividend & Income Trust (NYSE:GDV) Shares Sold by Wintrust Investments LLC

Wintrust Investments LLC trimmed its stake in shares of The Gabelli Dividend & Income Trust (NYSE:GDV) by 43.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,086 shares of the financial services provider’s stock after selling 841 shares during the period. Wintrust Investments LLC’s holdings in The Gabelli Dividend & Income Trust were worth $26,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Jones Financial Companies Lllp acquired a new stake in shares of The Gabelli Dividend & Income Trust during the 4th quarter valued at approximately $28,000. IFP Advisors Inc lifted its position in shares of The Gabelli Dividend & Income Trust by 1,425.3% during the 4th quarter. IFP Advisors Inc now owns 1,205 shares of the financial services provider’s stock valued at $29,000 after acquiring an additional 1,126 shares during the period. US Bancorp DE acquired a new stake in shares of The Gabelli Dividend & Income Trust during the 4th quarter valued at approximately $39,000. TD Private Client Wealth LLC acquired a new stake in shares of The Gabelli Dividend & Income Trust during the 3rd quarter valued at approximately $78,000. Finally, Larson Financial Group LLC lifted its position in shares of The Gabelli Dividend & Income Trust by 233.3% during the 3rd quarter. Larson Financial Group LLC now owns 4,000 shares of the financial services provider’s stock valued at $98,000 after acquiring an additional 2,800 shares during the period.

The Gabelli Dividend & Income Trust Trading Up 1.7 %

GDV stock opened at $23.87 on Friday. The firm has a 50 day moving average of $24.67 and a 200-day moving average of $24.55. The Gabelli Dividend & Income Trust has a 12-month low of $21.44 and a 12-month high of $25.67.

The Gabelli Dividend & Income Trust Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Monday, June 23rd. Stockholders of record on Friday, June 13th will be paid a dividend of $0.14 per share. 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 7.04%.

Insider Transactions at The Gabelli Dividend & Income Trust

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

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.