Capstone Investment Advisors LLC Invests $7.71 Million in The Gabelli Dividend & Income Trust $GDV

Capstone Investment Advisors LLC acquired a new position in The Gabelli Dividend & Income Trust (NYSE:GDV) in the 2nd quarter, HoldingsChannel reports. The fund acquired 262,242 shares of the financial services provider’s stock, valued at approximately $7,710,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in GDV. Larson Financial Group LLC bought a new stake in The Gabelli Dividend & Income Trust in the 3rd quarter valued at about $30,000. Assetmark Inc. boosted its position in The Gabelli Dividend & Income Trust by 142.3% during the first quarter. Assetmark Inc. now owns 1,323 shares of the financial services provider’s stock worth $36,000 after purchasing an additional 777 shares during the period. Allied Private Wealth LLC purchased a new position in shares of The Gabelli Dividend & Income Trust in the second quarter worth about $40,000. CIBC Private Wealth Group LLC purchased a new position in shares of The Gabelli Dividend & Income Trust in the third quarter worth about $38,000. Finally, Hilton Head Capital Partners LLC bought a new stake in shares of The Gabelli Dividend & Income Trust in the fourth quarter valued at approximately $44,000.

The Gabelli Dividend & Income Trust Stock Down 0.4%

GDV opened at $30.35 on Friday. The company has a 50 day moving average of $29.88 and a 200 day moving average of $29.03. The Gabelli Dividend & Income Trust has a 12 month low of $26.14 and a 12 month high of $31.00.

The Gabelli Dividend & Income Trust Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Friday, December 18th. Shareholders of record on Friday, December 11th will be given a dividend of $0.15 per share. The ex-dividend date is Friday, December 11th. This represents a c) annualized dividend 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.