95,085 Shares in The Gabelli Dividend & Income Trust $GDV Acquired by Evolve Private Wealth LLC

Evolve Private Wealth LLC bought a new position in shares of The Gabelli Dividend & Income Trust (NYSE:GDV) in the second quarter, Holdings Channel reports. The firm bought 95,085 shares of the financial services provider’s stock, valued at approximately $2,795,000.

A number of other institutional investors have also recently added to or reduced their stakes in GDV. Indivisible Partners acquired a new stake in shares of The Gabelli Dividend & Income Trust in the 4th quarter worth about $491,000. Silverlake Wealth Management LLC purchased a new stake in shares of The Gabelli Dividend & Income Trust during the second quarter valued at $2,559,000. Gamco Investors INC. ET AL boosted its position in shares of The Gabelli Dividend & Income Trust by 126.7% in the 1st quarter. Gamco Investors INC. ET AL now owns 34,000 shares of the financial services provider’s stock valued at $916,000 after purchasing an additional 19,000 shares during the period. Fifth Third Bancorp increased its stake in The Gabelli Dividend & Income Trust by 6,456.0% in the 1st quarter. Fifth Third Bancorp now owns 65,560 shares of the financial services provider’s stock worth $1,766,000 after purchasing an additional 64,560 shares in the last quarter. Finally, Kestra Advisory Services LLC lifted its stake in The Gabelli Dividend & Income Trust by 72.0% during the first quarter. Kestra Advisory Services LLC now owns 114,959 shares of the financial services provider’s stock valued at $3,096,000 after buying an additional 48,132 shares in the last quarter.

The Gabelli Dividend & Income Trust Stock Performance

Shares of NYSE GDV opened at $30.38 on Friday. The Gabelli Dividend & Income Trust has a one year low of $26.14 and a one year high of $31.00. The business has a 50-day moving average price of $29.78 and a two-hundred day moving average price of $28.98.

The Gabelli Dividend & Income Trust Dividend Announcement

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

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.