Wetzel Investment Advisors Inc. Makes New Investment in The Gabelli Dividend & Income Trust (NYSE:GDV)

Wetzel Investment Advisors Inc. purchased a new stake in The Gabelli Dividend & Income Trust (NYSE:GDV) during the 2nd quarter, Holdings Channel.com reports. The fund purchased 3,100 shares of the financial services provider’s stock, valued at approximately $71,000.

Other hedge funds also recently made changes to their positions in the company. Cornerstone Advisors LLC increased its stake in The Gabelli Dividend & Income Trust by 14.2% in the first quarter. Cornerstone Advisors LLC now owns 1,409,699 shares of the financial services provider’s stock valued at $32,395,000 after acquiring an additional 174,926 shares during the period. 1607 Capital Partners LLC grew its stake in shares of The Gabelli Dividend & Income Trust by 0.5% in the 4th quarter. 1607 Capital Partners LLC now owns 784,003 shares of the financial services provider’s stock valued at $16,966,000 after purchasing an additional 3,820 shares during the period. Raymond James Financial Services Advisors Inc. raised its holdings in shares of The Gabelli Dividend & Income Trust by 1.9% in 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 buying an additional 10,944 shares in the last quarter. Steward Partners Investment Advisory LLC boosted its stake in The Gabelli Dividend & Income Trust by 1.0% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 273,371 shares of the financial services provider’s stock valued at $5,916,000 after buying an additional 2,594 shares in the last quarter. Finally, Quantedge Capital Pte Ltd grew its position in The Gabelli Dividend & Income Trust by 12.7% in the fourth quarter. Quantedge Capital Pte Ltd now owns 194,441 shares of the financial services provider’s stock valued at $4,208,000 after acquiring an additional 21,900 shares during the period.

Insider Activity at The Gabelli Dividend & Income Trust

In other news, insider Mario J. Gabelli acquired 3,280 shares of the company’s stock in a transaction dated Friday, August 2nd. The stock was bought at an average price of $22.91 per share, with a total value of $75,144.80. Following the completion of the acquisition, the insider now owns 142,592 shares in the company, valued at approximately $3,266,782.72. The acquisition was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

The Gabelli Dividend & Income Trust Trading Down 0.6 %

The Gabelli Dividend & Income Trust stock opened at $23.32 on Wednesday. The Gabelli Dividend & Income Trust has a 52-week low of $18.04 and a 52-week high of $24.09. The stock has a fifty day moving average price of $23.33 and a two-hundred day moving average price of $22.75.

The Gabelli Dividend & Income Trust Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Friday, December 20th. Investors of record on Friday, December 13th will be given a dividend of $0.11 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 5.66%. The ex-dividend date of this dividend is Friday, December 13th.

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.