The Gabelli Dividend & Income Trust (NYSE:GDV) Shares Sold by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC lowered its stake in shares of The Gabelli Dividend & Income Trust (NYSE:GDV) by 34.9% in the fourth quarter, according to its most recent Form 13F 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 quarter. Allspring Global Investments Holdings LLC’s holdings in The Gabelli Dividend & Income Trust were worth $10,019,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also made changes to their positions in GDV. International Assets Investment Management LLC grew its position in shares of The Gabelli Dividend & Income Trust by 2,345.0% during the third quarter. International Assets Investment Management LLC now owns 352,080 shares of the financial services provider’s stock worth $8,608,000 after buying an additional 337,680 shares in the last quarter. Capstone Investment Advisors LLC acquired a new stake in shares of The Gabelli Dividend & Income Trust during the third quarter worth approximately $3,138,000. Shaker Financial Services LLC grew its position in shares of The Gabelli Dividend & Income Trust by 241.0% during the third quarter. Shaker Financial Services LLC now owns 58,652 shares of the financial services provider’s stock worth $1,434,000 after buying an additional 41,452 shares in the last quarter. Wolverine Asset Management LLC grew its position in shares of The Gabelli Dividend & Income Trust by 9.6% during the third quarter. Wolverine Asset Management LLC now owns 158,151 shares of the financial services provider’s stock worth $3,867,000 after buying an additional 13,834 shares in the last quarter. Finally, Hennion & Walsh Asset Management Inc. acquired a new stake in shares of The Gabelli Dividend & Income Trust during the fourth quarter worth approximately $278,000.

Insider Activity at The Gabelli Dividend & Income Trust

In related news, insider Mario J. Gabelli acquired 2,300 shares of the business’s stock in a transaction that occurred on Friday, January 17th. The shares were acquired at an average cost of $24.83 per share, for a total transaction of $57,109.00. Following the completion of the purchase, 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 acquisition was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

The Gabelli Dividend & Income Trust Stock Up 0.6 %

The Gabelli Dividend & Income Trust stock opened at $25.24 on Wednesday. The Gabelli Dividend & Income Trust has a 12 month low of $21.44 and a 12 month high of $25.67. The company has a fifty day moving average price of $24.69 and a two-hundred day moving average price of $24.41.

The Gabelli Dividend & Income Trust Dividend Announcement

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

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.