Steward Partners Investment Advisory LLC Grows Stake in The Gabelli Dividend & Income Trust (NYSE:GDV)

Steward Partners Investment Advisory LLC increased its stake in The Gabelli Dividend & Income Trust (NYSE:GDV) by 3.4% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 296,786 shares of the financial services provider’s stock after purchasing an additional 9,779 shares during the quarter. Steward Partners Investment Advisory LLC’s holdings in The Gabelli Dividend & Income Trust were worth $7,167,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the stock. Private Advisor Group LLC grew its position in The Gabelli Dividend & Income Trust by 3.7% in the fourth quarter. Private Advisor Group LLC now owns 174,365 shares of the financial services provider’s stock valued at $4,211,000 after acquiring an additional 6,270 shares in the last quarter. Wolverine Asset Management LLC grew its holdings in The Gabelli Dividend & Income Trust by 9.6% during the 3rd quarter. Wolverine Asset Management LLC now owns 158,151 shares of the financial services provider’s stock valued at $3,867,000 after purchasing an additional 13,834 shares in the last quarter. Sanctuary Advisors LLC increased its stake in The Gabelli Dividend & Income Trust by 1.4% during the 4th quarter. Sanctuary Advisors LLC now owns 156,670 shares of the financial services provider’s stock worth $3,951,000 after buying an additional 2,216 shares during the period. Oppenheimer & Co. Inc. boosted its position in The Gabelli Dividend & Income Trust by 3.1% in the 4th quarter. Oppenheimer & Co. Inc. now owns 138,506 shares of the financial services provider’s stock valued at $3,345,000 after buying an additional 4,162 shares during the last quarter. Finally, Capstone Investment Advisors LLC acquired a new stake in shares of The Gabelli Dividend & Income Trust during the third quarter valued at about $3,138,000.

Insider Buying and Selling at The Gabelli Dividend & Income Trust

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

The Gabelli Dividend & Income Trust Stock Up 1.0 %

Shares of NYSE GDV opened at $24.35 on Thursday. The Gabelli Dividend & Income Trust has a 1 year low of $21.44 and a 1 year high of $25.67. The stock’s 50-day simple moving average is $24.73 and its 200-day simple moving average is $24.55.

The Gabelli Dividend & Income Trust Announces Dividend

The firm also recently disclosed 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. The ex-dividend date is Friday, June 13th. This represents a $1.68 annualized dividend and a yield of 6.90%.

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.