The Gabelli Dividend & Income Trust $GDV Shares Purchased by Shaker Financial Services LLC

Shaker Financial Services LLC boosted its position in The Gabelli Dividend & Income Trust (NYSE:GDV) by 35.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 222,969 shares of the financial services provider’s stock after purchasing an additional 58,949 shares during the period. The Gabelli Dividend & Income Trust comprises approximately 2.1% of Shaker Financial Services LLC’s portfolio, making the stock its 8th biggest holding. Shaker Financial Services LLC’s holdings in The Gabelli Dividend & Income Trust were worth $6,308,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the stock. Compound Planning Inc. increased its position in shares of The Gabelli Dividend & Income Trust by 2.6% during the 1st quarter. Compound Planning Inc. now owns 16,170 shares of the financial services provider’s stock valued at $435,000 after purchasing an additional 406 shares during the last quarter. Wedbush Securities Inc. grew its position in shares of The Gabelli Dividend & Income Trust by 3.5% in the 2nd quarter. Wedbush Securities Inc. now owns 14,371 shares of the financial services provider’s stock worth $423,000 after buying an additional 481 shares during the period. Gables Capital Management Inc. grew its stake in shares of The Gabelli Dividend & Income Trust by 3.0% in the first quarter. Gables Capital Management Inc. now owns 17,200 shares of the financial services provider’s stock worth $463,000 after acquiring an additional 500 shares during the last quarter. Private Wealth Partners LLC lifted its stake in shares of The Gabelli Dividend & Income Trust by 0.8% in the first quarter. Private Wealth Partners LLC now owns 94,859 shares of the financial services provider’s stock worth $2,555,000 after buying an additional 750 shares in the last quarter. Finally, NewEdge Advisors LLC grew its stake in shares of The Gabelli Dividend & Income Trust by 2.4% in the first quarter. NewEdge Advisors LLC now owns 32,158 shares of the financial services provider’s stock worth $866,000 after acquiring an additional 751 shares during the period.

The Gabelli Dividend & Income Trust Trading Down 0.5%

Shares of The Gabelli Dividend & Income Trust stock traded down $0.14 during trading hours on Wednesday, reaching $28.36. 38,357 shares of the stock traded hands, compared to its average volume of 110,284. The Gabelli Dividend & Income Trust has a one year low of $26.14 and a one year high of $31.00. The company has a 50 day moving average price of $29.57 and a 200 day moving average price of $29.22.

The Gabelli Dividend & Income Trust Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Friday, December 18th. Stockholders of record on Friday, December 11th will be given a dividend of $0.15 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 6.3%. The ex-dividend date of this dividend is Friday, December 11th.

About The Gabelli Dividend & Income Trust

The Gabelli Dividend & Income Trust (NYSE: GDV) is a diversified, closed-end management investment company. Its primary objective is to provide a high level of current income while also pursuing long-term capital appreciation. The trust invests primarily in dividend-paying common stocks and may also hold preferred stocks, convertible securities and other income-producing investments.

Gabelli Funds, LLC serves as the trust’s investment adviser. The portfolio is managed using Gabelli’s fundamental, research-driven approach, which focuses on identifying companies that the adviser believes are selling below their estimates of intrinsic value.