Private Wealth Partners LLC Sells 12,300 Shares of The Gabelli Dividend & Income Trust (NYSE:GDV)

Private Wealth Partners LLC reduced its holdings in The Gabelli Dividend & Income Trust (NYSE:GDV) by 8.9% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 125,909 shares of the financial services provider’s stock after selling 12,300 shares during the quarter. Private Wealth Partners LLC’s holdings in The Gabelli Dividend & Income Trust were worth $3,041,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. International Assets Investment Management LLC increased its position in shares of The Gabelli Dividend & Income Trust by 2,345.0% in the third quarter. International Assets Investment Management LLC now owns 352,080 shares of the financial services provider’s stock worth $8,608,000 after purchasing an additional 337,680 shares during the last quarter. Private Advisor Group LLC grew its stake in The Gabelli Dividend & Income Trust by 2.9% in the 3rd quarter. Private Advisor Group LLC now owns 168,095 shares of the financial services provider’s stock worth $4,110,000 after buying an additional 4,689 shares in the last quarter. MML Investors Services LLC increased its holdings in shares of The Gabelli Dividend & Income Trust by 3.6% in the 3rd quarter. MML Investors Services LLC now owns 14,212 shares of the financial services provider’s stock worth $347,000 after buying an additional 488 shares during the last quarter. Hennion & Walsh Asset Management Inc. purchased a new stake in shares of The Gabelli Dividend & Income Trust during the 4th quarter valued at $278,000. Finally, CWM LLC lifted its holdings in shares of The Gabelli Dividend & Income Trust by 11.6% during the 3rd quarter. CWM LLC now owns 5,227 shares of the financial services provider’s stock worth $128,000 after acquiring an additional 545 shares during the last quarter.

Insider Activity at The Gabelli Dividend & Income Trust

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

The Gabelli Dividend & Income Trust Price Performance

GDV opened at $25.29 on Thursday. The business’s fifty day simple moving average is $24.69 and its 200 day simple moving average is $24.42. The Gabelli Dividend & Income Trust has a 52 week low of $21.44 and a 52 week high of $25.67.

The Gabelli Dividend & Income Trust Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, June 23rd. Stockholders of record on Friday, June 13th will be given a dividend of $0.14 per share. The ex-dividend date of this dividend is Friday, June 13th. This represents a $1.68 annualized dividend and a dividend yield of 6.64%.

The Gabelli Dividend & Income Trust Company 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.