Advisors Asset Management Inc. Grows Stock Holdings in The Gabelli Dividend & Income Trust (NYSE:GDV)

Advisors Asset Management Inc. lifted its position in shares of The Gabelli Dividend & Income Trust (NYSE:GDV) by 0.3% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 479,490 shares of the financial services provider’s stock after buying an additional 1,482 shares during the quarter. Advisors Asset Management Inc.’s holdings in The Gabelli Dividend & Income Trust were worth $11,580,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of GDV. Jones Financial Companies Lllp purchased a new position in shares of The Gabelli Dividend & Income Trust during the 4th quarter valued at $28,000. IFP Advisors Inc lifted its stake in shares of The Gabelli Dividend & Income Trust by 1,425.3% during the 4th quarter. IFP Advisors Inc now owns 1,205 shares of the financial services provider’s stock valued at $29,000 after buying an additional 1,126 shares in the last quarter. US Bancorp DE purchased a new position in shares of The Gabelli Dividend & Income Trust during the 4th quarter valued at $39,000. TD Private Client Wealth LLC purchased a new stake in The Gabelli Dividend & Income Trust in the 3rd quarter worth $78,000. Finally, Larson Financial Group LLC lifted its stake in 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 purchasing an additional 2,800 shares in the last quarter.

The Gabelli Dividend & Income Trust Trading Up 0.7 %

Shares of GDV stock opened at $23.99 on Tuesday. The Gabelli Dividend & Income Trust has a 52 week low of $21.44 and a 52 week high of $25.67. The company’s fifty day simple moving average is $24.66 and its two-hundred day simple moving average is $24.56.

The Gabelli Dividend & Income Trust Dividend Announcement

The business also recently declared a dividend, which will be paid on Wednesday, April 23rd. Shareholders of record on Tuesday, April 15th will be paid a $0.14 dividend. The ex-dividend date is Tuesday, April 15th.

Insiders Place Their Bets

In related news, insider Mario J. Gabelli purchased 2,300 shares of the firm’s stock in a transaction on Friday, January 17th. The shares were acquired at an average price of $24.83 per share, for a total transaction of $57,109.00. Following the purchase, the insider now directly owns 145,812 shares in the company, valued at $3,620,511.96. This trade represents a 1.60 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

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.