Private Advisor Group LLC Buys 6,270 Shares of The Gabelli Dividend & Income Trust (NYSE:GDV)

Private Advisor Group LLC boosted its stake in shares of The Gabelli Dividend & Income Trust (NYSE:GDV) by 3.7% in the 4th quarter, HoldingsChannel reports. The fund owned 174,365 shares of the financial services provider’s stock after buying an additional 6,270 shares during the quarter. Private Advisor Group LLC’s holdings in The Gabelli Dividend & Income Trust were worth $4,211,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. TD Private Client Wealth LLC purchased a new stake in shares of The Gabelli Dividend & Income Trust during the third quarter worth about $78,000. Larson Financial Group LLC grew its position in shares of The Gabelli Dividend & Income Trust by 233.3% in the 3rd quarter. Larson Financial Group LLC now owns 4,000 shares of the financial services provider’s stock worth $98,000 after buying an additional 2,800 shares during the period. Wilmington Savings Fund Society FSB purchased a new stake in shares of The Gabelli Dividend & Income Trust in the 3rd quarter worth about $180,000. Axxcess Wealth Management LLC bought a new position in shares of The Gabelli Dividend & Income Trust in the 3rd quarter worth about $203,000. Finally, MGB Wealth Management LLC purchased a new position in shares of The Gabelli Dividend & Income Trust during the third quarter valued at approximately $209,000.

Insider Buying and Selling

In related news, insider Mario J. Gabelli purchased 2,300 shares of the company’s stock in a transaction dated Friday, January 17th. The shares were purchased at an average price of $24.83 per share, with a total value of $57,109.00. Following the acquisition, the insider now directly owns 145,812 shares in the company, valued at $3,620,511.96. The trade was a 1.60 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

The Gabelli Dividend & Income Trust Price Performance

NYSE GDV opened at $24.96 on Monday. The Gabelli Dividend & Income Trust has a 12 month low of $21.44 and a 12 month high of $25.67. The stock’s fifty day moving average price is $24.70 and its 200-day moving average price is $24.47.

The Gabelli Dividend & Income Trust Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Monday, June 23rd. Investors of record on Friday, June 13th will be given a $0.14 dividend. The ex-dividend date is Friday, June 13th. This represents a $1.68 annualized dividend and a yield of 6.73%.

The Gabelli Dividend & Income Trust Company Profile

The Gabelli Dividend & Income Trust is a closed ended equity mutual fund launched by GAMCO Investors, Inc The fund is managed by Gabelli Funds, LLC. It invests in public equity markets of the United States. The fund seeks to invest in stocks of companies operating across diversified sectors. It primarily invests in dividend paying stocks of companies.