The Gabelli Dividend & Income Trust (NYSE:GDV) Shares Purchased by Level Four Advisory Services LLC

Level Four Advisory Services LLC boosted its position in shares of The Gabelli Dividend & Income Trust (NYSE:GDV) by 8.4% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 13,287 shares of the financial services provider’s stock after buying an additional 1,025 shares during the quarter. Level Four Advisory Services LLC’s holdings in The Gabelli Dividend & Income Trust were worth $321,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in GDV. Jones Financial Companies Lllp acquired a new stake in shares of The Gabelli Dividend & Income Trust during the 4th quarter valued at about $28,000. IFP Advisors Inc grew its holdings in The Gabelli Dividend & Income Trust by 1,425.3% in the fourth quarter. IFP Advisors Inc now owns 1,205 shares of the financial services provider’s stock valued at $29,000 after purchasing an additional 1,126 shares during the period. US Bancorp DE acquired a new stake in The Gabelli Dividend & Income Trust in the fourth quarter valued at approximately $39,000. TD Private Client Wealth LLC purchased a new stake in shares of The Gabelli Dividend & Income Trust in the third quarter valued at approximately $78,000. Finally, Wilmington Savings Fund Society FSB acquired a new position in shares of The Gabelli Dividend & Income Trust during the 3rd quarter worth approximately $180,000.

Insider Activity at The Gabelli Dividend & Income Trust

In other news, insider Mario J. Gabelli purchased 2,300 shares of the company’s stock in a transaction that occurred on Friday, January 17th. The stock was purchased at an average cost 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 of the company’s stock, 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 filing with the SEC, which is available through the SEC website.

The Gabelli Dividend & Income Trust Stock Performance

NYSE:GDV opened at $24.19 on Tuesday. The Gabelli Dividend & Income Trust has a fifty-two week low of $21.44 and a fifty-two week high of $25.67. The company has a fifty day moving average of $24.63 and a two-hundred day moving average of $24.60.

The Gabelli Dividend & Income Trust Announces Dividend

The business also recently declared a dividend, which will be paid on Wednesday, April 23rd. Investors 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.

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.