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

Gamco Investors INC. ET AL lifted its stake in shares of The Gabelli Dividend & Income Trust (NYSE:GDV) by 126.7% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 34,000 shares of the financial services provider’s stock after purchasing 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 SEC.

A number of other hedge funds have also bought and sold shares of the company. Larson Financial Group LLC acquired a new stake in The Gabelli Dividend & Income Trust during the third quarter valued at approximately $30,000. Assetmark Inc. grew its position in shares of The Gabelli Dividend & Income Trust by 142.3% in the 1st quarter. Assetmark Inc. now owns 1,323 shares of the financial services provider’s stock worth $36,000 after acquiring an additional 777 shares in the last quarter. CIBC Private Wealth Group LLC acquired a new position in shares of The Gabelli Dividend & Income Trust in the 3rd quarter worth approximately $38,000. US Bancorp DE acquired a new position in shares of The Gabelli Dividend & Income Trust in the 3rd quarter worth approximately $43,000. Finally, Hilton Head Capital Partners LLC bought a new stake in shares of The Gabelli Dividend & Income Trust in the 4th quarter valued at approximately $44,000.

The Gabelli Dividend & Income Trust Price Performance

GDV stock 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 stock’s 50 day simple moving average is $29.32 and its 200 day simple moving average is $28.74.

The Gabelli Dividend & Income Trust Announces Dividend

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

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.