NewEdge Advisors LLC Acquires 4,809 Shares of The Gabelli Dividend & Income Trust (NYSE:GDV)

NewEdge Advisors LLC boosted its stake in The Gabelli Dividend & Income Trust (NYSE:GDV) by 13.1% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 41,539 shares of the financial services provider’s stock after purchasing an additional 4,809 shares during the period. NewEdge Advisors LLC’s holdings in The Gabelli Dividend & Income Trust were worth $943,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Larson Financial Group LLC acquired a new stake in shares of The Gabelli Dividend & Income Trust in the second quarter valued at about $27,000. Bessemer Group Inc. bought a new position in The Gabelli Dividend & Income Trust during the 1st quarter worth approximately $33,000. Wetzel Investment Advisors Inc. acquired a new position in shares of The Gabelli Dividend & Income Trust in the 2nd quarter worth approximately $71,000. Vima LLC bought a new stake in shares of The Gabelli Dividend & Income Trust in the 4th quarter valued at $132,000. Finally, Private Wealth Advisors LLC acquired a new stake in shares of The Gabelli Dividend & Income Trust during the first quarter worth $203,000.

The Gabelli Dividend & Income Trust Stock Performance

GDV stock opened at $24.27 on Tuesday. The company’s fifty day simple moving average is $23.67 and its 200 day simple moving average is $23.00. The Gabelli Dividend & Income Trust has a 12-month low of $18.04 and a 12-month high of $24.50.

The Gabelli Dividend & Income Trust Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Thursday, October 24th. Shareholders of record on Thursday, October 17th will be paid a $0.11 dividend. This represents a $1.32 annualized dividend and a yield of 5.44%. The ex-dividend date of this dividend is Thursday, October 17th.

Insider Activity at The Gabelli Dividend & Income Trust

In other news, insider Mario J. Gabelli acquired 3,280 shares of The Gabelli Dividend & Income Trust stock in a transaction on Friday, August 2nd. The stock was purchased at an average price of $22.91 per share, with a total value of $75,144.80. Following the completion of the purchase, the insider now owns 142,592 shares of the company’s stock, valued at approximately $3,266,782.72. The trade was a 0.00 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

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.