City of London Investment Management Co. Ltd. Has $1.47 Million Holdings in The Gabelli Dividend & Income Trust (NYSE:GDV)

City of London Investment Management Co. Ltd. boosted its position in shares of The Gabelli Dividend & Income Trust (NYSE:GDV) by 18.3% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 64,826 shares of the financial services provider’s stock after acquiring an additional 10,024 shares during the period. City of London Investment Management Co. Ltd.’s holdings in The Gabelli Dividend & Income Trust were worth $1,472,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of GDV. Private Advisor Group LLC boosted its stake in The Gabelli Dividend & Income Trust by 2.7% during the 1st quarter. Private Advisor Group LLC now owns 19,299 shares of the financial services provider’s stock valued at $443,000 after purchasing an additional 515 shares during the period. Wealth Enhancement Advisory Services LLC raised its holdings in The Gabelli Dividend & Income Trust by 0.3% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 159,776 shares of the financial services provider’s stock valued at $3,629,000 after acquiring an additional 542 shares in the last quarter. Brookstone Capital Management lifted its position in shares of The Gabelli Dividend & Income Trust by 3.7% in the 2nd quarter. Brookstone Capital Management now owns 15,496 shares of the financial services provider’s stock worth $368,000 after acquiring an additional 551 shares during the period. Pinnacle Wealth Planning Services Inc. grew its holdings in shares of The Gabelli Dividend & Income Trust by 5.9% during the 1st quarter. Pinnacle Wealth Planning Services Inc. now owns 11,122 shares of the financial services provider’s stock worth $256,000 after purchasing an additional 623 shares in the last quarter. Finally, Envestnet Asset Management Inc. grew its holdings in shares of The Gabelli Dividend & Income Trust by 0.7% during the 2nd quarter. Envestnet Asset Management Inc. now owns 101,952 shares of the financial services provider’s stock worth $2,315,000 after purchasing an additional 721 shares in the last quarter.

Insider Transactions at The Gabelli Dividend & Income Trust

In other The Gabelli Dividend & Income Trust news, insider Mario J. Gabelli purchased 3,280 shares of the company’s stock in a transaction that occurred on Friday, August 2nd. The stock was purchased at an average price of $22.91 per share, with a total value of $75,144.80. Following the completion of the transaction, the insider now directly owns 142,592 shares of the company’s stock, valued at approximately $3,266,782.72. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

The Gabelli Dividend & Income Trust Stock Performance

Shares of NYSE GDV opened at $23.83 on Monday. The Gabelli Dividend & Income Trust has a one year low of $18.04 and a one year high of $24.09. The business has a fifty day simple moving average of $23.37 and a 200 day simple moving average of $22.79.

The Gabelli Dividend & Income Trust Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, December 20th. Stockholders of record on Friday, December 13th will be paid a $0.11 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 5.54%. The ex-dividend date is Friday, December 13th.

The Gabelli Dividend & Income Trust 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.