The Gabelli Dividend & Income Trust $GDV Stock Position Raised by Gamco Investors INC. ET AL

Gamco Investors INC. ET AL increased its holdings in shares of The Gabelli Dividend & Income Trust (NYSE:GDV) by 126.7% during the 1st quarter, Holdings Channel.com reports. The fund owned 34,000 shares of the financial services provider’s stock after buying an additional 19,000 shares during the period. Gamco Investors INC. ET AL’s holdings in The Gabelli Dividend & Income Trust were worth $916,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of the business. Compound Planning Inc. boosted its stake in The Gabelli Dividend & Income Trust by 2.6% in the first quarter. Compound Planning Inc. now owns 16,170 shares of the financial services provider’s stock valued at $435,000 after acquiring an additional 406 shares during the period. Gables Capital Management Inc. raised its position in shares of The Gabelli Dividend & Income Trust by 3.0% during the 1st quarter. Gables Capital Management Inc. now owns 17,200 shares of the financial services provider’s stock worth $463,000 after purchasing an additional 500 shares during the period. MRA Advisory Group raised its position in shares of The Gabelli Dividend & Income Trust by 6.5% during the 4th quarter. MRA Advisory Group now owns 10,074 shares of the financial services provider’s stock worth $280,000 after purchasing an additional 615 shares during the period. HighTower Advisors LLC lifted its holdings in shares of The Gabelli Dividend & Income Trust by 1.1% in the 4th quarter. HighTower Advisors LLC now owns 58,662 shares of the financial services provider’s stock worth $1,629,000 after purchasing an additional 633 shares during the last quarter. Finally, Focus Partners Wealth lifted its holdings in shares of The Gabelli Dividend & Income Trust by 2.2% in the 3rd quarter. Focus Partners Wealth now owns 35,180 shares of the financial services provider’s stock worth $954,000 after purchasing an additional 743 shares during the last quarter.

The Gabelli Dividend & Income Trust Stock Performance

NYSE:GDV opened at $29.97 on Wednesday. The Gabelli Dividend & Income Trust has a 12-month low of $25.75 and a 12-month high of $30.16. The business has a 50 day simple moving average of $29.32 and a 200 day simple moving average of $28.74.

The Gabelli Dividend & Income Trust Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Wednesday, September 23rd. Shareholders of record on Wednesday, September 16th will be paid a $0.15 dividend. This represents a c) dividend on an annualized basis and a yield of 6.0%. The ex-dividend date is Wednesday, September 16th.

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.