The Gabelli Dividend & Income Trust $GDV Shares Acquired by Prospera Financial Services Inc

Prospera Financial Services Inc lifted its position in The Gabelli Dividend & Income Trust (NYSE:GDV) by 211.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 66,347 shares of the financial services provider’s stock after purchasing an additional 45,063 shares during the period. Prospera Financial Services Inc’s holdings in The Gabelli Dividend & Income Trust were worth $1,726,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. WPG Advisers LLC purchased a new position in The Gabelli Dividend & Income Trust in the first quarter valued at $27,000. Vermillion Wealth Management Inc. acquired a new stake in shares of The Gabelli Dividend & Income Trust during the 2nd quarter valued at about $29,000. Eastern Bank purchased a new position in shares of The Gabelli Dividend & Income Trust in the 1st quarter valued at about $35,000. Pinnacle Bancorp Inc. acquired a new position in The Gabelli Dividend & Income Trust in the 2nd quarter worth about $37,000. Finally, Farther Finance Advisors LLC raised its holdings in The Gabelli Dividend & Income Trust by 38.1% in the 2nd quarter. Farther Finance Advisors LLC now owns 1,831 shares of the financial services provider’s stock worth $48,000 after purchasing an additional 505 shares during the period.

The Gabelli Dividend & Income Trust Price Performance

Shares of GDV opened at $27.25 on Wednesday. The Gabelli Dividend & Income Trust has a 12 month low of $20.10 and a 12 month high of $27.58. The stock’s 50 day moving average is $27.05 and its two-hundred day moving average is $26.11.

The Gabelli Dividend & Income Trust Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Thursday, November 20th. Investors of record on Thursday, November 13th will be issued a $0.14 dividend. This represents a c) annualized dividend and a yield of 6.2%. The ex-dividend date of this dividend is Thursday, November 13th.

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.