MML Investors Services LLC Has $347,000 Holdings in The Gabelli Dividend & Income Trust (NYSE:GDV)

MML Investors Services LLC lifted its holdings in The Gabelli Dividend & Income Trust (NYSE:GDV) by 3.6% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 14,212 shares of the financial services provider’s stock after purchasing an additional 488 shares during the quarter. MML Investors Services LLC’s holdings in The Gabelli Dividend & Income Trust were worth $347,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. International Assets Investment Management LLC boosted its stake in The Gabelli Dividend & Income Trust by 2,345.0% in the 3rd quarter. International Assets Investment Management LLC now owns 352,080 shares of the financial services provider’s stock valued at $8,608,000 after purchasing an additional 337,680 shares during the period. Blue Bell Private Wealth Management LLC increased its holdings in shares of The Gabelli Dividend & Income Trust by 1.3% during the second quarter. Blue Bell Private Wealth Management LLC now owns 80,660 shares of the financial services provider’s stock worth $1,832,000 after purchasing an additional 1,067 shares during the period. Envestnet Asset Management Inc. raised its position in shares of The Gabelli Dividend & Income Trust by 0.7% in the second quarter. Envestnet Asset Management Inc. now owns 101,952 shares of the financial services provider’s stock valued at $2,315,000 after buying an additional 721 shares in the last quarter. Private Advisor Group LLC grew its position in The Gabelli Dividend & Income Trust by 2.9% during the third quarter. Private Advisor Group LLC now owns 168,095 shares of the financial services provider’s stock worth $4,110,000 after buying an additional 4,689 shares in the last quarter. Finally, CWM LLC increased its stake in The Gabelli Dividend & Income Trust by 11.6% in the third quarter. CWM LLC now owns 5,227 shares of the financial services provider’s stock valued at $128,000 after acquiring an additional 545 shares during the last quarter.

The Gabelli Dividend & Income Trust Stock Up 0.8 %

NYSE:GDV opened at $24.48 on Wednesday. The Gabelli Dividend & Income Trust has a twelve month low of $20.93 and a twelve month high of $25.67. The stock’s 50-day simple moving average is $24.79 and its 200 day simple moving average is $23.93.

The Gabelli Dividend & Income Trust Increases Dividend

The business also recently declared a dividend, which will be paid on Friday, January 24th. Stockholders of record on Thursday, January 16th will be issued a dividend of $0.14 per share. The ex-dividend date is Thursday, January 16th. This is an increase from The Gabelli Dividend & Income Trust’s previous dividend of $0.11.

Insider Transactions at The Gabelli Dividend & Income Trust

In related news, insider Mario J. Gabelli acquired 2,000 shares of the business’s stock in a transaction that occurred on Tuesday, October 15th. The shares were bought at an average cost of $24.90 per share, with a total value of $49,800.00. Following the completion of the purchase, the insider now directly owns 10,000 shares in the company, valued at $249,000. The trade was a 25.00 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this link. Over the last three months, insiders have bought 3,134,000 shares of company stock worth $31,369,800.

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.