Commonwealth Equity Services LLC Has $1.71 Million Position in The Gabelli Dividend & Income Trust (NYSE:GDV)

Commonwealth Equity Services LLC lowered its stake in shares of The Gabelli Dividend & Income Trust (NYSE:GDV) by 3.6% in the second quarter, according to its most recent disclosure with the SEC. The fund owned 75,246 shares of the financial services provider’s stock after selling 2,797 shares during the period. Commonwealth Equity Services LLC’s holdings in The Gabelli Dividend & Income Trust were worth $1,709,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Bessemer Group Inc. bought a new stake in The Gabelli Dividend & Income Trust during the first quarter worth about $33,000. Vima LLC acquired a new position in The Gabelli Dividend & Income Trust in the fourth quarter valued at approximately $132,000. Private Wealth Advisors LLC acquired a new position in The Gabelli Dividend & Income Trust in the first quarter valued at approximately $203,000. Connectus Wealth LLC acquired a new position in The Gabelli Dividend & Income Trust in the fourth quarter valued at approximately $216,000. Finally, Pinnacle Wealth Planning Services Inc. lifted its holdings in The Gabelli Dividend & Income Trust by 5.9% in the first quarter. Pinnacle Wealth Planning Services Inc. now owns 11,122 shares of the financial services provider’s stock valued at $256,000 after buying an additional 623 shares during the period.

Insiders Place Their Bets

In related news, insider Mario J. Gabelli acquired 3,280 shares of the company’s stock in a transaction that occurred on Friday, August 2nd. The shares were acquired at an average cost of $22.91 per share, for a total transaction of $75,144.80. Following the completion of the acquisition, the insider now directly owns 142,592 shares in the company, valued at approximately $3,266,782.72. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

The Gabelli Dividend & Income Trust Trading Up 1.1 %

GDV opened at $23.83 on Friday. The firm’s fifty day moving average is $23.37 and its two-hundred day moving average is $22.78. The Gabelli Dividend & Income Trust has a twelve month low of $18.04 and a twelve month high of $24.09.

The Gabelli Dividend & Income Trust Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, December 20th. Shareholders of record on Friday, December 13th will be issued a $0.11 dividend. The ex-dividend date of this dividend is Friday, December 13th. This represents a $1.32 annualized dividend and a yield of 5.54%.

The Gabelli Dividend & Income Trust Company 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.