Gables Capital Management Inc. Makes New Investment in The Gabelli Dividend & Income Trust $GDV

Gables Capital Management Inc. bought a new stake in The Gabelli Dividend & Income Trust (NYSE:GDV) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 17,000 shares of the financial services provider’s stock, valued at approximately $500,000.

A number of other hedge funds have also made changes to their positions in the company. Larson Financial Group LLC purchased a new stake in shares of The Gabelli Dividend & Income Trust in the 3rd quarter worth about $30,000. Assetmark Inc. increased its holdings in The Gabelli Dividend & Income Trust by 142.3% during the 1st quarter. Assetmark Inc. now owns 1,323 shares of the financial services provider’s stock valued at $36,000 after acquiring an additional 777 shares in the last quarter. CIBC Private Wealth Group LLC purchased a new position in The Gabelli Dividend & Income Trust during the 3rd quarter valued at about $38,000. Allied Private Wealth LLC acquired a new position in The Gabelli Dividend & Income Trust during the second quarter worth about $40,000. Finally, US Bancorp DE acquired a new position in The Gabelli Dividend & Income Trust during the third quarter worth about $43,000.

The Gabelli Dividend & Income Trust Stock Down 0.5%

Shares of NYSE GDV opened at $30.48 on Wednesday. The firm’s 50-day moving average is $29.69 and its two-hundred day moving average is $28.94. 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 disclosed a monthly dividend, which will be paid on Friday, December 18th. Investors of record on Friday, December 11th will be given a dividend of $0.15 per share. This represents a c) annualized dividend and a dividend yield of 5.9%. The ex-dividend date is Friday, December 11th.

The Gabelli Dividend & Income Trust Profile

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.