Oppenheimer & Co. Inc. Has $3.35 Million Stock Position in The Gabelli Dividend & Income Trust (NYSE:GDV)

Oppenheimer & Co. Inc. increased its holdings in shares of The Gabelli Dividend & Income Trust (NYSE:GDV) by 3.1% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 138,506 shares of the financial services provider’s stock after acquiring an additional 4,162 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in The Gabelli Dividend & Income Trust were worth $3,345,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in GDV. Shaker Financial Services LLC raised its position in shares of The Gabelli Dividend & Income Trust by 241.0% during the third quarter. Shaker Financial Services LLC now owns 58,652 shares of the financial services provider’s stock worth $1,434,000 after purchasing an additional 41,452 shares during the period. Axxcess Wealth Management LLC bought a new stake in The Gabelli Dividend & Income Trust during the 3rd quarter worth approximately $203,000. Ashton Thomas Securities LLC raised its holdings in The Gabelli Dividend & Income Trust by 4.0% during the 3rd quarter. Ashton Thomas Securities LLC now owns 31,550 shares of the financial services provider’s stock worth $771,000 after buying an additional 1,200 shares during the period. Wolverine Asset Management LLC lifted its stake in The Gabelli Dividend & Income Trust by 9.6% in the third quarter. Wolverine Asset Management LLC now owns 158,151 shares of the financial services provider’s stock valued at $3,867,000 after buying an additional 13,834 shares in the last quarter. Finally, PNC Financial Services Group Inc. boosted its holdings in shares of The Gabelli Dividend & Income Trust by 17.4% in the third quarter. PNC Financial Services Group Inc. now owns 44,625 shares of the financial services provider’s stock valued at $1,091,000 after buying an additional 6,625 shares during the period.

Insider Buying and Selling at The Gabelli Dividend & Income Trust

In other news, insider Mario J. Gabelli acquired 2,300 shares of the firm’s stock in a transaction that occurred on Friday, January 17th. The stock was acquired at an average cost of $24.83 per share, for a total transaction of $57,109.00. Following the completion of the acquisition, the insider now owns 145,812 shares in the company, valued at $3,620,511.96. This represents a 1.60 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

The Gabelli Dividend & Income Trust Price Performance

Shares of GDV stock opened at $24.79 on Friday. The Gabelli Dividend & Income Trust has a 12-month low of $21.44 and a 12-month high of $25.67. The firm has a fifty day moving average of $24.74 and a 200-day moving average of $24.53.

The Gabelli Dividend & Income Trust Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, June 23rd. Shareholders of record on Friday, June 13th will be issued a dividend of $0.14 per share. This represents a $1.68 dividend on an annualized basis and a yield of 6.78%. The ex-dividend date is Friday, June 13th.

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.