Brookstone Capital Management Reduces Stock Position in The Gabelli Dividend & Income Trust (NYSE:GDV)

Brookstone Capital Management lessened its stake in shares of The Gabelli Dividend & Income Trust (NYSE:GDV) by 25.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,591 shares of the financial services provider’s stock after selling 3,617 shares during the quarter. Brookstone Capital Management’s holdings in The Gabelli Dividend & Income Trust were worth $256,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. TD Private Client Wealth LLC purchased a new stake in The Gabelli Dividend & Income Trust during the 3rd quarter worth about $78,000. Larson Financial Group LLC increased its stake in shares of The Gabelli Dividend & Income Trust by 233.3% during the 3rd quarter. Larson Financial Group LLC now owns 4,000 shares of the financial services provider’s stock valued at $98,000 after acquiring an additional 2,800 shares during the last quarter. CWM LLC increased its stake 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 valued at $128,000 after acquiring an additional 545 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new position in shares of The Gabelli Dividend & Income Trust during the 3rd quarter valued at about $180,000. Finally, Constitution Capital LLC acquired a new position in shares of The Gabelli Dividend & Income Trust during the 3rd quarter valued at about $203,000.

The Gabelli Dividend & Income Trust Stock Up 1.0 %

NYSE GDV opened at $24.82 on Friday. The Gabelli Dividend & Income Trust has a 12 month low of $20.99 and a 12 month high of $25.67. The company has a 50-day moving average of $24.72 and a 200-day moving average of $24.13.

The Gabelli Dividend & Income Trust Announces Dividend

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

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.