The Gabelli Dividend & Income Trust (NYSE:GDV) Shares Sold by HighTower Advisors LLC

HighTower Advisors LLC decreased its stake in The Gabelli Dividend & Income Trust (NYSE:GDV) by 16.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 78,945 shares of the financial services provider’s stock after selling 15,854 shares during the period. HighTower Advisors LLC’s holdings in The Gabelli Dividend & Income Trust were worth $1,907,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the stock. DAVENPORT & Co LLC boosted its stake in The Gabelli Dividend & Income Trust by 2.4% in the fourth quarter. DAVENPORT & Co LLC now owns 16,788 shares of the financial services provider’s stock valued at $405,000 after acquiring an additional 400 shares in the last quarter. MML Investors Services LLC lifted its stake in shares of The Gabelli Dividend & Income Trust by 3.6% in the 3rd quarter. MML Investors Services LLC now owns 14,212 shares of the financial services provider’s stock worth $347,000 after acquiring an additional 488 shares during the period. Integrated Capital Management Inc. boosted its holdings in shares of The Gabelli Dividend & Income Trust by 3.8% in the fourth quarter. Integrated Capital Management Inc. now owns 15,656 shares of the financial services provider’s stock valued at $378,000 after acquiring an additional 576 shares in the last quarter. IFP Advisors Inc increased its stake in shares of The Gabelli Dividend & Income Trust by 1,425.3% during the fourth quarter. IFP Advisors Inc now owns 1,205 shares of the financial services provider’s stock worth $29,000 after acquiring an additional 1,126 shares during the period. Finally, Jones Financial Companies Lllp purchased a new position in shares of The Gabelli Dividend & Income Trust during the 4th quarter worth approximately $28,000.

The Gabelli Dividend & Income Trust Price Performance

GDV opened at $24.08 on Monday. The Gabelli Dividend & Income Trust has a 12 month low of $21.44 and a 12 month high of $25.67. The business has a 50 day simple moving average of $24.66 and a 200-day simple moving average of $24.57.

The Gabelli Dividend & Income Trust Dividend Announcement

The business also recently announced a dividend, which will be paid on Wednesday, April 23rd. Shareholders of record on Tuesday, April 15th will be given a dividend of $0.14 per share. The ex-dividend date of this dividend is Tuesday, April 15th.

Insider Buying and Selling at The Gabelli Dividend & Income Trust

In other The Gabelli Dividend & Income Trust news, insider Mario J. Gabelli bought 2,300 shares of the business’s stock in a transaction on Friday, January 17th. The stock was bought at an average price of $24.83 per share, for a total transaction of $57,109.00. Following the completion of the transaction, the insider now owns 145,812 shares in the company, valued at approximately $3,620,511.96. The trade was a 1.60 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

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.