The Gabelli Dividend & Income Trust (NYSE:GDV) Shares Sold by Wedbush Securities Inc.

Wedbush Securities Inc. decreased its holdings in The Gabelli Dividend & Income Trust (NYSE:GDV) by 55.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 14,211 shares of the financial services provider’s stock after selling 17,374 shares during the period. Wedbush Securities Inc.’s holdings in The Gabelli Dividend & Income Trust were worth $343,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of GDV. HighTower Advisors LLC grew its stake in shares of The Gabelli Dividend & Income Trust by 6.2% in the third quarter. HighTower Advisors LLC now owns 94,799 shares of the financial services provider’s stock worth $2,320,000 after acquiring an additional 5,541 shares in the last quarter. MML Investors Services LLC grew its stake in shares of The Gabelli Dividend & Income Trust by 3.6% in the third quarter. MML Investors Services LLC now owns 14,212 shares of the financial services provider’s stock worth $347,000 after acquiring an additional 488 shares in the last quarter. TD Private Client Wealth LLC acquired a new position in shares of The Gabelli Dividend & Income Trust during the third quarter worth $78,000. Sanctuary Advisors LLC grew its stake in shares of The Gabelli Dividend & Income Trust by 5.8% during the third quarter. Sanctuary Advisors LLC now owns 154,454 shares of the financial services provider’s stock worth $3,863,000 after purchasing an additional 8,457 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB acquired a new position in shares of The Gabelli Dividend & Income Trust during the third quarter worth $180,000.

Insider Buying and Selling

In other news, insider Mario J. Gabelli bought 2,300 shares of the stock in a transaction that occurred on Friday, January 17th. The stock was purchased at an average price of $24.83 per share, for a total transaction of $57,109.00. Following the completion of the purchase, the insider now owns 145,812 shares in the company, valued at approximately $3,620,511.96. This trade represents a 1.60 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

The Gabelli Dividend & Income Trust Trading Up 7.8 %

Shares of GDV stock opened at $22.76 on Thursday. The firm has a fifty day moving average price of $24.17 and a 200 day moving average price of $24.49. The Gabelli Dividend & Income Trust has a 12 month low of $20.10 and a 12 month high of $25.67.

The Gabelli Dividend & Income Trust Dividend Announcement

The company also recently announced a dividend, which will be paid on Wednesday, April 23rd. Investors of record on Tuesday, April 15th will be paid a dividend of $0.14 per share. The ex-dividend date is Tuesday, April 15th.

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.