Evolve Private Wealth LLC Buys New Shares in The Gabelli Dividend & Income Trust $GDV

Evolve Private Wealth LLC purchased a new position in The Gabelli Dividend & Income Trust (NYSE:GDV) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 95,085 shares of the financial services provider’s stock, valued at approximately $2,795,000.

A number of other large investors also recently added to or reduced their stakes in GDV. Focus Partners Wealth boosted its stake in The Gabelli Dividend & Income Trust by 38.0% during the first quarter. Focus Partners Wealth now owns 33,834 shares of the financial services provider’s stock worth $816,000 after buying an additional 9,310 shares during the period. Geneos Wealth Management Inc. purchased a new stake in The Gabelli Dividend & Income Trust during the first quarter worth $55,000. First Trust Advisors LP lifted its holdings in The Gabelli Dividend & Income Trust by 2.0% during the second quarter. First Trust Advisors LP now owns 107,154 shares of the financial services provider’s stock valued at $2,787,000 after purchasing an additional 2,136 shares in the last quarter. Raymond James Financial Inc. boosted its position in The Gabelli Dividend & Income Trust by 2.3% during the second quarter. Raymond James Financial Inc. now owns 1,359,134 shares of the financial services provider’s stock worth $35,351,000 after acquiring an additional 31,024 shares during the last quarter. Finally, Prevail Innovative Wealth Advisors LLC lifted its holdings in The Gabelli Dividend & Income Trust by 24.6% in the second quarter. Prevail Innovative Wealth Advisors LLC now owns 70,738 shares of the financial services provider’s stock valued at $1,840,000 after acquiring an additional 13,959 shares during the last quarter.

The Gabelli Dividend & Income Trust Trading Up 0.8%

Shares of GDV opened at $30.38 on Friday. The firm has a 50-day simple moving average of $29.78 and a two-hundred day simple moving average of $28.98. The Gabelli Dividend & Income Trust has a 1-year low of $26.14 and a 1-year high of $31.00.

The Gabelli Dividend & Income Trust Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, December 18th. Stockholders of record on Friday, December 11th will be issued a $0.15 dividend. The ex-dividend date is Friday, December 11th. This represents a c) dividend on an annualized basis and a dividend yield of 5.9%.

About The Gabelli Dividend & Income Trust

The Gabelli Dividend & Income Trust (NYSE: GDV) is a diversified, closed-end management investment company organized in 1993 and based in Rye, New York. Managed by Gabelli Funds, LLC—a subsidiary of GAMCO Investors, Inc—the trust seeks to provide a high level of current dividend income while preserving prospects for capital appreciation. It is listed on the New York Stock Exchange and attracts investors looking for regular distributions and potential long-term total return.

The trust’s primary investment focus is on dividend-paying common stocks of U.S.