NBC Securities Inc. Decreases Stock Position in The Gabelli Dividend & Income Trust (NYSE:GDV)

NBC Securities Inc. decreased its stake in shares of The Gabelli Dividend & Income Trust (NYSE:GDV) by 15.2% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,521 shares of the financial services provider’s stock after selling 987 shares during the quarter. NBC Securities Inc.’s holdings in The Gabelli Dividend & Income Trust were worth $134,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Larson Financial Group LLC purchased a new stake in shares of The Gabelli Dividend & Income Trust during the second quarter worth approximately $27,000. Bessemer Group Inc. purchased a new stake in shares of The Gabelli Dividend & Income Trust in the 1st quarter valued at approximately $33,000. Wetzel Investment Advisors Inc. acquired a new stake in shares of The Gabelli Dividend & Income Trust in the 2nd quarter valued at $71,000. CWM LLC lifted its position in shares of The Gabelli Dividend & Income Trust by 11.6% during the 3rd quarter. CWM LLC now owns 5,227 shares of the financial services provider’s stock worth $128,000 after purchasing an additional 545 shares during the last quarter. Finally, Private Wealth Advisors LLC acquired a new position in shares of The Gabelli Dividend & Income Trust during the first quarter worth $203,000.

The Gabelli Dividend & Income Trust Stock Performance

The Gabelli Dividend & Income Trust stock opened at $24.90 on Friday. The stock’s fifty day moving average is $24.01 and its two-hundred day moving average is $23.12. The Gabelli Dividend & Income Trust has a 1-year low of $18.04 and a 1-year high of $24.99.

The Gabelli Dividend & Income Trust Dividend Announcement

The firm also recently announced a dividend, which will be paid on Thursday, October 24th. Investors of record on Friday, October 18th will be paid a dividend of $0.11 per share. This represents a yield of 5.32%. The ex-dividend date is Thursday, October 17th.

Insider Buying and Selling

In related news, insider Mario J. Gabelli acquired 2,000 shares of the business’s stock in a transaction on Tuesday, October 15th. The shares were bought at an average price of $24.90 per share, with a total value of $49,800.00. Following the completion of the acquisition, the insider now owns 10,000 shares in the company, valued at $249,000. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, insider Mario J. Gabelli purchased 3,131,500 shares of the company’s stock in a transaction that occurred on Friday, October 11th. The shares were purchased at an average price of $10.00 per share, for a total transaction of $31,315,000.00. Following the purchase, the insider now directly owns 3,131,500 shares of the company’s stock, valued at $31,315,000. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Mario J. Gabelli purchased 2,000 shares of the business’s stock in a transaction on Tuesday, October 15th. The shares were purchased at an average cost of $24.90 per share, for a total transaction of $49,800.00. Following the transaction, the insider now owns 10,000 shares of the company’s stock, valued at $249,000. This trade represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders acquired a total of 3,138,000 shares of company stock worth $31,460,778 over the last 90 days.

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.