Prevail Innovative Wealth Advisors LLC Sells 56,652 Shares of The Gabelli Dividend & Income Trust $GDV

Prevail Innovative Wealth Advisors LLC decreased its position in shares of The Gabelli Dividend & Income Trust (NYSE:GDV) by 80.1% in the third quarter, HoldingsChannel reports. The fund owned 14,086 shares of the financial services provider’s stock after selling 56,652 shares during the quarter. Prevail Innovative Wealth Advisors LLC’s holdings in The Gabelli Dividend & Income Trust were worth $382,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Allspring Global Investments Holdings LLC boosted its position in shares of The Gabelli Dividend & Income Trust by 8.2% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 685,066 shares of the financial services provider’s stock worth $18,586,000 after purchasing an additional 52,201 shares in the last quarter. Allworth Financial LP grew its stake in The Gabelli Dividend & Income Trust by 66.5% during the 2nd quarter. Allworth Financial LP now owns 17,085 shares of the financial services provider’s stock worth $444,000 after buying an additional 6,822 shares during the last quarter. Rockefeller Capital Management L.P. increased its position in The Gabelli Dividend & Income Trust by 17.8% during the 2nd quarter. Rockefeller Capital Management L.P. now owns 236,958 shares of the financial services provider’s stock valued at $6,163,000 after buying an additional 35,727 shares in the last quarter. Creative Planning increased its position in The Gabelli Dividend & Income Trust by 88.3% during the 2nd quarter. Creative Planning now owns 36,740 shares of the financial services provider’s stock valued at $956,000 after buying an additional 17,229 shares in the last quarter. Finally, Shaker Financial Services LLC purchased a new stake in The Gabelli Dividend & Income Trust in the third quarter valued at about $938,000.

The Gabelli Dividend & Income Trust Price Performance

Shares of NYSE GDV opened at $27.77 on Monday. The business has a 50-day simple moving average of $28.59 and a two-hundred day simple moving average of $27.61. The Gabelli Dividend & Income Trust has a fifty-two week low of $20.10 and a fifty-two week high of $29.46.

The Gabelli Dividend & Income Trust Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, June 23rd. Investors of record on Monday, June 15th will be given a $0.15 dividend. This represents a c) annualized dividend and a dividend yield of 6.5%. The ex-dividend date of this dividend is Monday, June 15th.

Insider Buying and Selling

In related news, insider Mario J. Gabelli purchased 4,500 shares of the business’s stock in a transaction on Tuesday, February 17th. The shares were acquired at an average price of $29.09 per share, for a total transaction of $130,905.00. Following the purchase, the insider owned 25,000 shares of the company’s stock, valued at $727,250. This trade represents a 21.95% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director James P. Conn purchased 1,000 shares of the firm’s stock in a transaction on Tuesday, January 27th. The stock was bought at an average cost of $28.73 per share, with a total value of $28,730.00. Following the acquisition, the director owned 1,000 shares of the company’s stock, valued at approximately $28,730. The trade was a ∞ increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders purchased a total of 5,830,584 shares of company stock valued at $58,534,060 over the last quarter.

About The Gabelli Dividend & Income Trust

The Gabelli Dividend & Income Trust (NYSE: GDV) is a diversified, closed-end management investment company organized in 1993 and based in Rye, New York. Managed by Gabelli Funds, LLC—a subsidiary of GAMCO Investors, Inc—the trust seeks to provide a high level of current dividend income while preserving prospects for capital appreciation. It is listed on the New York Stock Exchange and attracts investors looking for regular distributions and potential long-term total return.

The trust’s primary investment focus is on dividend-paying common stocks of U.S.