The Gabelli Dividend & Income Trust (NYSE:GDV) Shares Sold by Advisors Asset Management Inc.

Advisors Asset Management Inc. lessened its stake in shares of The Gabelli Dividend & Income Trust (NYSE:GDV) by 2.6% in the third quarter, Holdings Channel.com reports. The fund owned 478,008 shares of the financial services provider’s stock after selling 12,894 shares during the quarter. Advisors Asset Management Inc.’s holdings in The Gabelli Dividend & Income Trust were worth $11,687,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of GDV. International Assets Investment Management LLC lifted its holdings in shares of The Gabelli Dividend & Income Trust by 2,345.0% in the third quarter. International Assets Investment Management LLC now owns 352,080 shares of the financial services provider’s stock valued at $8,608,000 after purchasing an additional 337,680 shares in the last quarter. Cornerstone Advisors LLC lifted its holdings in shares of The Gabelli Dividend & Income Trust by 17.0% during the 2nd quarter. Cornerstone Advisors LLC now owns 1,649,457 shares of the financial services provider’s stock valued at $37,459,000 after buying an additional 239,758 shares during the last quarter. Sanctuary Advisors LLC bought a new position in shares of The Gabelli Dividend & Income Trust during the 2nd quarter valued at $3,212,000. Private Advisor Group LLC increased its position in The Gabelli Dividend & Income Trust by 746.7% during the second quarter. Private Advisor Group LLC now owns 163,406 shares of the financial services provider’s stock worth $3,711,000 after buying an additional 144,107 shares during the last quarter. Finally, Cetera Advisors LLC bought a new position in The Gabelli Dividend & Income Trust during the first quarter valued at about $1,664,000.

Insider Transactions at The Gabelli Dividend & Income Trust

In other The Gabelli Dividend & Income Trust news, insider Mario J. Gabelli purchased 2,000 shares of the stock in a transaction dated Tuesday, October 15th. The shares were bought at an average cost of $24.90 per share, with a total value of $49,800.00. Following the completion of the transaction, the insider now owns 10,000 shares in the company, valued at $249,000. This trade represents a 25.00 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Over the last three months, insiders bought 3,134,000 shares of company stock worth $31,369,800.

The Gabelli Dividend & Income Trust Stock Down 0.3 %

Shares of NYSE:GDV opened at $24.61 on Wednesday. The business has a 50-day moving average of $24.42 and a two-hundred day moving average of $23.51. The Gabelli Dividend & Income Trust has a fifty-two week low of $19.68 and a fifty-two week high of $25.33.

The Gabelli Dividend & Income Trust Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Monday, March 24th. Stockholders of record on Monday, March 17th will be given a $0.11 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 5.36%. The ex-dividend date of this dividend is Monday, March 17th.

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.