Hennion & Walsh Asset Management Inc. Acquires Shares of 11,523 The Gabelli Dividend & Income Trust (NYSE:GDV)

Hennion & Walsh Asset Management Inc. bought a new stake in The Gabelli Dividend & Income Trust (NYSE:GDV) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm bought 11,523 shares of the financial services provider’s stock, valued at approximately $278,000.

Several other hedge funds and other institutional investors also recently modified their holdings of GDV. MML Investors Services LLC lifted its position in shares of The Gabelli Dividend & Income Trust by 3.6% during the 3rd quarter. MML Investors Services LLC now owns 14,212 shares of the financial services provider’s stock worth $347,000 after buying an additional 488 shares during the last quarter. CWM LLC raised its stake in The Gabelli Dividend & Income Trust by 11.6% during the third quarter. CWM LLC now owns 5,227 shares of the financial services provider’s stock worth $128,000 after acquiring an additional 545 shares in the last quarter. Integrated Capital Management Inc. lifted its holdings in shares of The Gabelli Dividend & Income Trust by 3.8% in the fourth quarter. Integrated Capital Management Inc. now owns 15,656 shares of the financial services provider’s stock worth $378,000 after acquiring an additional 576 shares during the last quarter. Mercer Global Advisors Inc. ADV boosted its stake in shares of The Gabelli Dividend & Income Trust by 1.0% in the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 64,662 shares of the financial services provider’s stock valued at $1,468,000 after purchasing an additional 615 shares in the last quarter. Finally, Envestnet Asset Management Inc. grew its holdings in shares of The Gabelli Dividend & Income Trust by 0.7% during the 2nd quarter. Envestnet Asset Management Inc. now owns 101,952 shares of the financial services provider’s stock valued at $2,315,000 after purchasing an additional 721 shares during the last quarter.

The Gabelli Dividend & Income Trust Trading Up 0.8 %

GDV stock opened at $25.02 on Wednesday. The Gabelli Dividend & Income Trust has a 1 year low of $21.13 and a 1 year high of $25.67. The company has a 50 day simple moving average of $24.72 and a 200 day simple moving average of $24.16.

The Gabelli Dividend & Income Trust Announces Dividend

The company also recently declared a dividend, which will be paid on Friday, January 24th. Stockholders of record on Friday, January 17th will be paid a $0.14 dividend. This represents a dividend yield of 6.84%. The ex-dividend date of this dividend is Thursday, January 16th.

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.