Gables Capital Management Inc. Makes New $500,000 Investment in The Gabelli Dividend & Income Trust $GDV

Gables Capital Management Inc. acquired a new stake in The Gabelli Dividend & Income Trust (NYSE:GDV) in the second quarter, HoldingsChannel.com reports. The firm acquired 17,000 shares of the financial services provider’s stock, valued at approximately $500,000.

Several other institutional investors have also recently added to or reduced their stakes in the business. Compound Planning Inc. lifted its position in The Gabelli Dividend & Income Trust by 2.6% during the first quarter. Compound Planning Inc. now owns 16,170 shares of the financial services provider’s stock worth $435,000 after buying an additional 406 shares during the period. HighTower Advisors LLC grew its holdings in 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 valued at $1,629,000 after buying an additional 633 shares during the period. Focus Partners Wealth increased its stake in shares of The Gabelli Dividend & Income Trust by 2.2% during the 3rd quarter. Focus Partners Wealth now owns 35,180 shares of the financial services provider’s stock valued at $954,000 after acquiring an additional 743 shares during the last quarter. Private Wealth Partners LLC increased its stake in shares of The Gabelli Dividend & Income Trust by 0.8% during the 1st quarter. Private Wealth Partners LLC now owns 94,859 shares of the financial services provider’s stock valued at $2,555,000 after acquiring an additional 750 shares during the last quarter. Finally, NewEdge Advisors LLC increased its stake in shares of The Gabelli Dividend & Income Trust by 2.4% during the 1st quarter. NewEdge Advisors LLC now owns 32,158 shares of the financial services provider’s stock valued at $866,000 after acquiring an additional 751 shares during the last quarter.

The Gabelli Dividend & Income Trust Trading Down 0.5%

Shares of GDV stock opened at $30.48 on Wednesday. The firm’s 50-day simple moving average is $29.69 and its 200-day simple moving average is $28.94. The Gabelli Dividend & Income Trust has a 1-year low of $26.14 and a 1-year high of $31.00.

The Gabelli Dividend & Income Trust Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, December 18th. Shareholders of record on Friday, December 11th will be paid a dividend of $0.15 per share. The ex-dividend date of this dividend is Friday, December 11th. This represents a c) dividend on an annualized basis and a yield of 5.9%.

The Gabelli Dividend & Income Trust Company 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.