The Gabelli Dividend & Income Trust (NYSE:GDV) Stock Position Decreased by Rpo LLC

Rpo LLC decreased its stake in shares of The Gabelli Dividend & Income Trust (NYSE:GDV) by 75.9% in the third quarter, Holdings Channel reports. The institutional investor owned 41,778 shares of the financial services provider’s stock after selling 131,683 shares during the quarter. The Gabelli Dividend & Income Trust accounts for about 0.8% of Rpo LLC’s holdings, making the stock its 9th biggest position. Rpo LLC’s holdings in The Gabelli Dividend & Income Trust were worth $1,021,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. 180 Wealth Advisors LLC raised its stake in shares of The Gabelli Dividend & Income Trust by 5.7% in the second quarter. 180 Wealth Advisors LLC now owns 40,508 shares of the financial services provider’s stock worth $937,000 after purchasing an additional 2,190 shares during the last quarter. International Assets Investment Management LLC raised its stake in The Gabelli Dividend & Income Trust by 2,345.0% during the 3rd quarter. International Assets Investment Management LLC now owns 352,080 shares of the financial services provider’s stock valued at $8,608,000 after buying an additional 337,680 shares during the last quarter. Brookstone Capital Management lifted its holdings in shares of The Gabelli Dividend & Income Trust by 3.7% during the 2nd quarter. Brookstone Capital Management now owns 15,496 shares of the financial services provider’s stock valued at $368,000 after buying an additional 551 shares during the period. Blue Bell Private Wealth Management LLC boosted its stake in shares of The Gabelli Dividend & Income Trust by 1.3% in the 2nd quarter. Blue Bell Private Wealth Management LLC now owns 80,660 shares of the financial services provider’s stock worth $1,832,000 after buying an additional 1,067 shares during the last quarter. Finally, Envestnet Asset Management Inc. boosted its stake in shares of The Gabelli Dividend & Income Trust by 0.7% in the 2nd quarter. Envestnet Asset Management Inc. now owns 101,952 shares of the financial services provider’s stock worth $2,315,000 after buying an additional 721 shares during the last quarter.

Insider Transactions at The Gabelli Dividend & Income Trust

In related news, insider Mario J. Gabelli bought 3,131,500 shares of the stock in a transaction that occurred on Friday, October 11th. The shares were bought at an average cost of $10.00 per share, for a total transaction of $31,315,000.00. Following the completion of the transaction, the insider now owns 3,131,500 shares of the company’s stock, valued at approximately $31,315,000. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have acquired 3,134,000 shares of company stock worth $31,369,800 in the last 90 days.

The Gabelli Dividend & Income Trust Trading Down 0.3 %

The Gabelli Dividend & Income Trust stock opened at $24.61 on Wednesday. The Gabelli Dividend & Income Trust has a one year low of $19.68 and a one year high of $25.33. The stock has a fifty day moving average of $24.42 and a 200 day moving average of $23.51.

The Gabelli Dividend & Income Trust Dividend Announcement

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

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.