The Gabelli Dividend & Income Trust (NYSE:GDV) Holdings Cut by SMH Capital Advisors Inc.

SMH Capital Advisors Inc. lessened its holdings in shares of The Gabelli Dividend & Income Trust (NYSE:GDV) by 7.3% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 10,195 shares of the financial services provider’s stock after selling 800 shares during the period. SMH Capital Advisors Inc.’s holdings in The Gabelli Dividend & Income Trust were worth $232,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the business. Mercer Global Advisors Inc. ADV raised its holdings in shares of The Gabelli Dividend & Income Trust by 1.0% during the second quarter. Mercer Global Advisors Inc. ADV now owns 64,662 shares of the financial services provider’s stock valued at $1,468,000 after buying an additional 615 shares during the last quarter. Cornerstone Advisors LLC raised its holdings in shares of The Gabelli Dividend & Income Trust by 17.0% during the second quarter. Cornerstone Advisors LLC now owns 1,649,457 shares of the financial services provider’s stock valued at $37,459,000 after buying an additional 239,758 shares during the last quarter. City of London Investment Management Co. Ltd. raised its holdings in The Gabelli Dividend & Income Trust by 18.3% during the second quarter. City of London Investment Management Co. Ltd. now owns 64,826 shares of the financial services provider’s stock worth $1,472,000 after purchasing an additional 10,024 shares in the last quarter. Envestnet Asset Management Inc. raised its holdings in The Gabelli Dividend & Income Trust by 0.7% during the second quarter. Envestnet Asset Management Inc. now owns 101,952 shares of the financial services provider’s stock worth $2,315,000 after purchasing an additional 721 shares in the last quarter. Finally, Wetzel Investment Advisors Inc. bought a new stake in The Gabelli Dividend & Income Trust during the second quarter worth approximately $71,000.

Insiders Place Their Bets

In other news, insider Mario J. Gabelli acquired 3,280 shares of the stock in a transaction on Friday, August 2nd. The shares were purchased at an average cost of $22.91 per share, for a total transaction of $75,144.80. Following the transaction, the insider now owns 142,592 shares in the company, valued at approximately $3,266,782.72. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website.

The Gabelli Dividend & Income Trust Stock Performance

The Gabelli Dividend & Income Trust stock opened at $24.19 on Thursday. The Gabelli Dividend & Income Trust has a 1 year low of $18.04 and a 1 year high of $24.40. The firm’s 50 day moving average price is $23.42 and its two-hundred day moving average price is $22.81.

The Gabelli Dividend & Income Trust Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Thursday, October 24th. Shareholders of record on Thursday, October 17th will be given a dividend of $0.11 per share. This represents a $1.32 annualized dividend and a yield of 5.46%. The ex-dividend date of this dividend is Thursday, October 17th.

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.