LPL Financial LLC Purchases 86,810 Shares of The Gabelli Dividend & Income Trust (NYSE:GDV)

LPL Financial LLC lifted its holdings in The Gabelli Dividend & Income Trust (NYSE:GDV) by 27.0% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 408,500 shares of the financial services provider’s stock after buying an additional 86,810 shares during the period. LPL Financial LLC’s holdings in The Gabelli Dividend & Income Trust were worth $9,865,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. HighTower Advisors LLC increased its position in shares of The Gabelli Dividend & Income Trust by 6.2% during the 3rd quarter. HighTower Advisors LLC now owns 94,799 shares of the financial services provider’s stock valued at $2,320,000 after purchasing an additional 5,541 shares during the last quarter. MML Investors Services LLC grew its position in 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 valued at $347,000 after buying an additional 488 shares during the period. TD Private Client Wealth LLC purchased a new stake in The Gabelli Dividend & Income Trust during the third quarter worth about $78,000. Sanctuary Advisors LLC raised its position in The Gabelli Dividend & Income Trust by 5.8% in the third quarter. Sanctuary Advisors LLC now owns 154,454 shares of the financial services provider’s stock worth $3,863,000 after acquiring an additional 8,457 shares during the period. Finally, Wilmington Savings Fund Society FSB bought a new stake in The Gabelli Dividend & Income Trust in the third quarter worth about $180,000.

The Gabelli Dividend & Income Trust Stock Down 7.3 %

NYSE:GDV opened at $21.67 on Friday. The Gabelli Dividend & Income Trust has a 12 month low of $21.44 and a 12 month high of $25.67. The firm’s 50 day moving average is $24.50 and its 200 day moving average is $24.58.

The Gabelli Dividend & Income Trust Announces Dividend

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

Insider Transactions at The Gabelli Dividend & Income Trust

In other The Gabelli Dividend & Income Trust news, insider Mario J. Gabelli acquired 2,300 shares of the company’s stock in a transaction on Friday, January 17th. The shares were acquired at an average cost of $24.83 per share, with a total value of $57,109.00. Following the completion of the acquisition, the insider now directly owns 145,812 shares in the company, valued at $3,620,511.96. This trade represents a 1.60 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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.