Sanctuary Advisors LLC Buys New Position in The Gabelli Dividend & Income Trust $GDV

Sanctuary Advisors LLC bought a new stake in shares of The Gabelli Dividend & Income Trust (NYSE:GDV) during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 47,017 shares of the financial services provider’s stock, valued at approximately $1,382,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Compound Planning Inc. boosted its holdings in shares of 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 in the last quarter. Gables Capital Management Inc. increased its stake in shares of The Gabelli Dividend & Income Trust by 3.0% during the first quarter. Gables Capital Management Inc. now owns 17,200 shares of the financial services provider’s stock valued at $463,000 after acquiring an additional 500 shares during the period. HighTower Advisors LLC raised its holdings in The Gabelli Dividend & Income Trust by 1.1% during the fourth 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 in the last quarter. Focus Partners Wealth lifted its position in The Gabelli Dividend & Income Trust by 2.2% in the third 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 period. Finally, Private Wealth Partners LLC lifted its position in 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 purchasing an additional 750 shares during the period.

The Gabelli Dividend & Income Trust Stock Down 0.4%

Shares of NYSE GDV opened at $30.47 on Thursday. The stock has a fifty day moving average price of $29.86 and a two-hundred day moving average price of $29.02. 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 company also recently disclosed a monthly dividend, which will be paid on Friday, December 18th. Stockholders of record on Friday, December 11th will be issued a $0.15 dividend. The ex-dividend date is Friday, December 11th. This represents a c) annualized dividend and a dividend 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.