Landscape Capital Management L.L.C. Reduces Position in The Gabelli Dividend & Income Trust (NYSE:GDV)

Landscape Capital Management L.L.C. reduced its holdings in The Gabelli Dividend & Income Trust (NYSE:GDV) by 36.9% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 91,489 shares of the financial services provider’s stock after selling 53,488 shares during the period. Landscape Capital Management L.L.C.’s holdings in The Gabelli Dividend & Income Trust were worth $2,237,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of GDV. Larson Financial Group LLC purchased a new position in The Gabelli Dividend & Income Trust in the 2nd quarter worth approximately $27,000. Bessemer Group Inc. purchased a new position in The Gabelli Dividend & Income Trust during the first quarter worth approximately $33,000. Wetzel Investment Advisors Inc. acquired a new position in The Gabelli Dividend & Income Trust during the second quarter worth $71,000. CWM LLC grew its holdings in The Gabelli Dividend & Income Trust by 11.6% in the 3rd quarter. CWM LLC now owns 5,227 shares of the financial services provider’s stock valued at $128,000 after buying an additional 545 shares in the last quarter. Finally, Axxcess Wealth Management LLC acquired a new stake in shares of The Gabelli Dividend & Income Trust in the 3rd quarter worth $203,000.

The Gabelli Dividend & Income Trust Trading Up 0.8 %

NYSE GDV opened at $24.89 on Friday. The business’s fifty day simple moving average is $24.47 and its 200-day simple moving average is $23.52. The Gabelli Dividend & Income Trust has a 52 week low of $20.05 and a 52 week high of $25.33.

The Gabelli Dividend & Income Trust Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Monday, March 24th. Shareholders of record on Monday, March 17th will be issued a $0.11 dividend. The ex-dividend date is Monday, March 17th. This represents a $1.32 annualized dividend and a yield of 5.30%.

Insider Activity

In other news, insider Mario J. Gabelli purchased 2,000 shares of The Gabelli Dividend & Income Trust stock in a transaction dated Tuesday, October 15th. The shares were purchased at an average price of $24.90 per share, with a total value of $49,800.00. Following the transaction, the insider now owns 10,000 shares in the company, valued at $249,000. This represents a 25.00 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders bought a total of 3,134,000 shares of company stock valued at $31,369,800 in the last 90 days.

The Gabelli Dividend & Income Trust 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.