GABELLI & Co INVESTMENT ADVISERS INC. increased its position in shares of The Gabelli Dividend & Income Trust (NYSE:GDV) by 1.5% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 537,951 shares of the financial services provider’s stock after buying an additional 8,134 shares during the period. The Gabelli Dividend & Income Trust accounts for approximately 1.3% of GABELLI & Co INVESTMENT ADVISERS INC.’s holdings, making the stock its 22nd largest position. GABELLI & Co INVESTMENT ADVISERS INC.’s holdings in The Gabelli Dividend & Income Trust were worth $11,738,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in the stock. Advisors Asset Management Inc. boosted its stake in The Gabelli Dividend & Income Trust by 2.9% in the second quarter. Advisors Asset Management Inc. now owns 119,946 shares of the financial services provider’s stock worth $2,617,000 after buying an additional 3,380 shares in the last quarter. Shaker Financial Services LLC boosted its stake in The Gabelli Dividend & Income Trust by 1,029.1% in the second quarter. Shaker Financial Services LLC now owns 210,196 shares of the financial services provider’s stock worth $4,586,000 after buying an additional 191,580 shares in the last quarter. Sigma Planning Corp bought a new stake in The Gabelli Dividend & Income Trust during the second quarter worth about $219,000. First Trust Advisors LP boosted its stake in The Gabelli Dividend & Income Trust by 12.0% in the second quarter. First Trust Advisors LP now owns 124,439 shares of the financial services provider’s stock worth $2,715,000 after buying an additional 13,349 shares in the last quarter. Finally, IFP Advisors Inc boosted its stake in The Gabelli Dividend & Income Trust by 1.9% in the second quarter. IFP Advisors Inc now owns 12,912 shares of the financial services provider’s stock worth $282,000 after buying an additional 243 shares in the last quarter.

The Gabelli Dividend & Income Trust (NYSE GDV) traded down 0.0304% during midday trading on Wednesday, reaching $21.7134. 23,392 shares of the company were exchanged. The company has a 50 day moving average of $22.07 and a 200-day moving average of $21.40. The Gabelli Dividend & Income Trust has a 52-week low of $18.00 and a 52-week high of $22.47.

The firm also recently disclosed a monthly dividend, which will be paid on Thursday, August 24th. Investors of record on Thursday, August 17th will be issued a dividend of $0.11 per share. This represents a $1.32 dividend on an annualized basis and a yield of 6.08%. The ex-dividend date of this dividend is Tuesday, August 15th.

WARNING: “The Gabelli Dividend & Income Trust (GDV) Shares Bought by GABELLI & Co INVESTMENT ADVISERS INC.” was first reported by Watch List News and is the property of of Watch List News. If you are accessing this piece on another site, it was stolen and reposted in violation of U.S. and international copyright and trademark law. The original version of this piece can be read at https://www.watchlistnews.com/the-gabelli-dividend-income-trust-gdv-shares-bought-by-gabelli-co-investment-advisers-inc/1495497.html.

Separately, Stifel Nicolaus cut shares of The Gabelli Dividend & Income Trust from a “buy” rating to a “hold” rating in a research note on Monday, June 26th.

The Gabelli Dividend & Income Trust Company Profile

The Gabelli Dividend & Income Trust (the Fund) is a diversified, closed-end management investment company. The Fund’s investment objective is to provide a level of total return on its assets with an emphasis on dividends and income. The Fund invests at least 80% of its assets in dividend paying securities, such as common and preferred stock or other income producing securities, such as fixed income debt securities and securities that are convertible into equity securities.

Want to see what other hedge funds are holding GDV? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Gabelli Dividend & Income Trust (NYSE:GDV).

Institutional Ownership by Quarter for The Gabelli Dividend & Income Trust (NYSE:GDV)

Receive News & Ratings for The Gabelli Dividend & Income Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Gabelli Dividend & Income Trust and related companies with Analyst Ratings Network's FREE daily email newsletter.