B. Riley Wealth Advisors Inc. Sells 29,698 Shares of The Gabelli Dividend & Income Trust (NYSE:GDV)

B. Riley Wealth Advisors Inc. lowered its holdings in shares of The Gabelli Dividend & Income Trust (NYSE:GDV) by 64.3% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 16,509 shares of the financial services provider’s stock after selling 29,698 shares during the period. B. Riley Wealth Advisors Inc.’s holdings in The Gabelli Dividend & Income Trust were worth $402,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the business. Larson Financial Group LLC bought a new position in shares of The Gabelli Dividend & Income Trust during the 2nd quarter worth approximately $27,000. Wetzel Investment Advisors Inc. acquired a new stake in The Gabelli Dividend & Income Trust during the 2nd quarter valued at $71,000. TD Private Client Wealth LLC acquired a new stake in The Gabelli Dividend & Income Trust during the 3rd quarter valued at $78,000. CWM LLC boosted its position in The Gabelli Dividend & Income Trust by 11.6% during the third quarter. CWM LLC now owns 5,227 shares of the financial services provider’s stock worth $128,000 after purchasing an additional 545 shares during the period. Finally, Wilmington Savings Fund Society FSB acquired a new position in shares of The Gabelli Dividend & Income Trust in the third quarter valued at $180,000.

The Gabelli Dividend & Income Trust Price Performance

Shares of GDV opened at $23.77 on Friday. The company’s 50-day moving average is $24.81 and its 200-day moving average is $23.88. The Gabelli Dividend & Income Trust has a fifty-two week low of $20.93 and a fifty-two week high of $25.67.

The Gabelli Dividend & Income Trust Increases Dividend

The business also recently declared a dividend, which will be paid on Friday, January 24th. Shareholders of record on Thursday, January 16th will be issued a $0.14 dividend. This is a boost from The Gabelli Dividend & Income Trust’s previous dividend of $0.11. The ex-dividend date of this dividend is Thursday, January 16th.

Insiders Place Their Bets

In other news, insider Mario J. Gabelli bought 2,000 shares of the stock in a transaction dated Tuesday, October 15th. The shares were bought at an average price of $24.90 per share, for a total transaction of $49,800.00. Following the completion of the purchase, the insider now owns 10,000 shares in the company, valued at approximately $249,000. This trade represents a 25.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders purchased 3,134,000 shares of company stock worth $31,369,800 over the last three months.

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.