US Bancorp DE Makes New Investment in The Gabelli Dividend & Income Trust (NYSE:GDV)

US Bancorp DE purchased a new position in The Gabelli Dividend & Income Trust (NYSE:GDV) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 1,600 shares of the financial services provider’s stock, valued at approximately $39,000.

Several other institutional investors and hedge funds also recently modified their holdings of the company. DAVENPORT & Co LLC boosted its position in shares of The Gabelli Dividend & Income Trust by 2.4% during the fourth quarter. DAVENPORT & Co LLC now owns 16,788 shares of the financial services provider’s stock worth $405,000 after buying an additional 400 shares during the period. MML Investors Services LLC boosted its position in shares of The Gabelli Dividend & Income Trust by 3.6% during the third 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 period. Integrated Capital Management Inc. boosted its position in shares of The Gabelli Dividend & Income Trust by 3.8% during the fourth quarter. Integrated Capital Management Inc. now owns 15,656 shares of the financial services provider’s stock worth $378,000 after buying an additional 576 shares during the period. IFP Advisors Inc boosted its position in shares of The Gabelli Dividend & Income Trust by 1,425.3% during the fourth quarter. IFP Advisors Inc now owns 1,205 shares of the financial services provider’s stock worth $29,000 after buying an additional 1,126 shares during the period. Finally, Maltin Wealth Management Inc. boosted its position in shares of The Gabelli Dividend & Income Trust by 3.5% during the fourth quarter. Maltin Wealth Management Inc. now owns 51,466 shares of the financial services provider’s stock worth $1,243,000 after buying an additional 1,727 shares during the period.

Insider Transactions at The Gabelli Dividend & Income Trust

In related news, insider Mario J. Gabelli purchased 2,300 shares of The Gabelli Dividend & Income Trust stock in a transaction that occurred on Friday, January 17th. The stock was purchased at an average cost of $24.83 per share, with a total value of $57,109.00. Following the completion of the transaction, the insider now owns 145,812 shares of the company’s stock, valued at approximately $3,620,511.96. This trade represents a 1.60 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

The Gabelli Dividend & Income Trust Stock Down 0.1 %

GDV stock opened at $23.95 on Wednesday. The business has a 50-day moving average of $24.66 and a 200-day moving average of $24.56. The Gabelli Dividend & Income Trust has a fifty-two week low of $21.44 and a fifty-two week high of $25.67.

The Gabelli Dividend & Income Trust Announces Dividend

The company also recently disclosed a dividend, which will be paid on Wednesday, April 23rd. Stockholders of record on Tuesday, April 15th will be given a dividend of $0.14 per share. The ex-dividend date of this dividend is Tuesday, April 15th.

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.