Gilliland Jeter Wealth Management LLC Acquires Shares of 23,288 The Gabelli Dividend & Income Trust (NYSE:GDV)

Gilliland Jeter Wealth Management LLC acquired a new stake in shares of The Gabelli Dividend & Income Trust (NYSE:GDV) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 23,288 shares of the financial services provider’s stock, valued at approximately $504,000.

Several other hedge funds have also recently modified their holdings of GDV. International Assets Investment Management LLC raised its stake in shares of The Gabelli Dividend & Income Trust by 2,064.0% in the fourth quarter. International Assets Investment Management LLC now owns 311,616 shares of the financial services provider’s stock worth $6,743,000 after purchasing an additional 297,216 shares during the last quarter. Cornerstone Advisors LLC grew its holdings in shares of The Gabelli Dividend & Income Trust by 40.0% in the third quarter. Cornerstone Advisors LLC now owns 952,704 shares of the financial services provider’s stock worth $18,521,000 after acquiring an additional 272,287 shares during the period. 1607 Capital Partners LLC grew its holdings in shares of The Gabelli Dividend & Income Trust by 38.1% in the third quarter. 1607 Capital Partners LLC now owns 780,183 shares of the financial services provider’s stock worth $15,167,000 after acquiring an additional 215,428 shares during the period. Allspring Global Investments Holdings LLC grew its holdings in shares of The Gabelli Dividend & Income Trust by 27.4% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 826,407 shares of the financial services provider’s stock worth $17,883,000 after acquiring an additional 177,824 shares during the period. Finally, AQR Arbitrage LLC grew its holdings in shares of The Gabelli Dividend & Income Trust by 110.3% in the third quarter. AQR Arbitrage LLC now owns 271,013 shares of the financial services provider’s stock worth $5,268,000 after acquiring an additional 142,141 shares during the period.

The Gabelli Dividend & Income Trust Stock Performance

Shares of GDV traded up $0.06 during trading hours on Friday, hitting $22.00. The stock had a trading volume of 139,689 shares, compared to its average volume of 179,086. The Gabelli Dividend & Income Trust has a 12 month low of $18.04 and a 12 month high of $23.00. The stock has a fifty day moving average price of $22.32 and a 200 day moving average price of $21.16.

The Gabelli Dividend & Income Trust Dividend Announcement

The business also recently declared a dividend, which was paid on Tuesday, April 23rd. Shareholders of record on Tuesday, April 16th were issued a dividend of $0.11 per share. This represents a yield of 6.01%. The ex-dividend date was Monday, April 15th.

About The Gabelli Dividend & Income Trust

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.