Allspring Global Investments Holdings LLC Sells 222,307 Shares of The Gabelli Dividend & Income Trust (NYSE:GDV)

Allspring Global Investments Holdings LLC trimmed its stake in The Gabelli Dividend & Income Trust (NYSE:GDV) by 34.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 414,856 shares of the financial services provider’s stock after selling 222,307 shares during the period. Allspring Global Investments Holdings LLC’s holdings in The Gabelli Dividend & Income Trust were worth $10,019,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the stock. CWM LLC increased its position in 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 buying an additional 545 shares in the last quarter. Private Advisor Group LLC increased its position in The Gabelli Dividend & Income Trust by 2.9% during the 3rd quarter. Private Advisor Group LLC now owns 168,095 shares of the financial services provider’s stock valued at $4,110,000 after buying an additional 4,689 shares in the last quarter. International Assets Investment Management LLC increased its position in The Gabelli Dividend & Income Trust by 2,345.0% during the 3rd quarter. International Assets Investment Management LLC now owns 352,080 shares of the financial services provider’s stock valued at $8,608,000 after buying an additional 337,680 shares in the last quarter. Dakota Wealth Management increased its position in The Gabelli Dividend & Income Trust by 6.9% during the 3rd quarter. Dakota Wealth Management now owns 35,425 shares of the financial services provider’s stock valued at $866,000 after buying an additional 2,295 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC increased its position in The Gabelli Dividend & Income Trust by 0.5% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 160,640 shares of the financial services provider’s stock valued at $3,928,000 after buying an additional 864 shares in the last quarter.

The Gabelli Dividend & Income Trust Stock Performance

Shares of GDV opened at $25.24 on Wednesday. The Gabelli Dividend & Income Trust has a 52 week low of $21.44 and a 52 week high of $25.67. The stock’s 50-day moving average price is $24.69 and its 200-day moving average price is $24.41.

The Gabelli Dividend & Income Trust Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, June 23rd. Shareholders of record on Friday, June 13th will be given a dividend of $0.14 per share. The ex-dividend date of this dividend is Friday, June 13th. This represents a $1.68 dividend on an annualized basis and a yield of 6.66%.

Insiders Place Their Bets

In related news, insider Mario J. Gabelli purchased 2,300 shares of the business’s stock in a transaction that occurred on Friday, January 17th. The stock was purchased at an average price of $24.83 per share, with a total value of $57,109.00. Following the completion of the acquisition, the insider now 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 legal filing with the SEC, which is available through this link.

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.