Sanctuary Advisors LLC Buys New Shares in The Gabelli Dividend & Income Trust $GDV

Sanctuary Advisors LLC bought a new position in shares of The Gabelli Dividend & Income Trust (NYSE:GDV) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 47,017 shares of the financial services provider’s stock, valued at approximately $1,382,000.

Several other hedge funds have also recently added to or reduced their stakes in the business. Larson Financial Group LLC bought a new position in shares of The Gabelli Dividend & Income Trust in the third quarter valued at $30,000. Assetmark Inc. boosted its stake in shares of 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 worth $36,000 after acquiring an additional 777 shares in the last quarter. CIBC Private Wealth Group LLC bought a new stake in shares of The Gabelli Dividend & Income Trust during the 3rd quarter worth $38,000. Allied Private Wealth LLC acquired a new position in shares of The Gabelli Dividend & Income Trust in the 2nd quarter worth $40,000. Finally, US Bancorp DE acquired a new position in shares of The Gabelli Dividend & Income Trust in the 3rd quarter worth $43,000.

The Gabelli Dividend & Income Trust Stock Down 0.4%

Shares of The Gabelli Dividend & Income Trust stock opened at $30.47 on Thursday. The Gabelli Dividend & Income Trust has a 12-month low of $26.14 and a 12-month high of $31.00. The stock’s fifty day moving average is $29.86 and its 200-day moving average is $29.02.

The Gabelli Dividend & Income Trust Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Friday, December 18th. Shareholders of record on Friday, December 11th will be issued a dividend of $0.15 per share. This represents a c) annualized dividend and a 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.