The Gabelli Dividend & Income Trust (NYSE:GDV) Stock Holdings Lessened by Matrix Private Capital Group LLC

Matrix Private Capital Group LLC lowered its stake in The Gabelli Dividend & Income Trust (NYSE:GDVGet Rating) by 24.1% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 21,148 shares of the financial services provider’s stock after selling 6,700 shares during the period. Matrix Private Capital Group LLC’s holdings in The Gabelli Dividend & Income Trust were worth $521,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Confluence Wealth Services Inc. bought a new position in shares of The Gabelli Dividend & Income Trust in the fourth quarter valued at $137,000. Western Wealth Management LLC raised its stake in The Gabelli Dividend & Income Trust by 100.0% during the 1st quarter. Western Wealth Management LLC now owns 40,000 shares of the financial services provider’s stock valued at $986,000 after purchasing an additional 20,000 shares during the period. Raymond James Financial Services Advisors Inc. raised its stake in The Gabelli Dividend & Income Trust by 7.1% during the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 887,922 shares of the financial services provider’s stock valued at $21,878,000 after purchasing an additional 58,710 shares during the period. Allworth Financial LP raised its stake in The Gabelli Dividend & Income Trust by 31.7% during the 1st quarter. Allworth Financial LP now owns 4,343 shares of the financial services provider’s stock valued at $107,000 after purchasing an additional 1,045 shares during the period. Finally, Allspring Global Investments Holdings LLC acquired a new stake in The Gabelli Dividend & Income Trust during the 1st quarter valued at $3,501,000.

Insider Buying and Selling at The Gabelli Dividend & Income Trust

In other The Gabelli Dividend & Income Trust news, insider Mario J. Gabelli sold 5,218 shares of the business’s stock in a transaction on Tuesday, June 14th. The shares were sold at an average price of $20.26, for a total transaction of $105,716.68. Following the sale, the insider now directly owns 630,000 shares of the company’s stock, valued at approximately $12,763,800. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, insider Mario J. Gabelli sold 5,218 shares of the company’s stock in a transaction on Tuesday, June 14th. The shares were sold at an average price of $20.26, for a total value of $105,716.68. Following the transaction, the insider now directly owns 630,000 shares of the company’s stock, valued at $12,763,800. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Mario J. Gabelli sold 2,063 shares of the company’s stock in a transaction on Friday, August 19th. The stock was sold at an average price of $22.66, for a total transaction of $46,747.58. Following the completion of the transaction, the insider now directly owns 140,813 shares in the company, valued at $3,190,822.58. The disclosure for this sale can be found here.

The Gabelli Dividend & Income Trust Price Performance

Shares of NYSE:GDV opened at $21.73 on Friday. The company’s fifty day moving average is $21.66 and its two-hundred day moving average is $22.36. The Gabelli Dividend & Income Trust has a 12-month low of $19.49 and a 12-month high of $27.61.

The Gabelli Dividend & Income Trust Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, December 16th. Shareholders of record on Friday, December 9th will be paid a dividend of $0.11 per share. This represents a $1.32 annualized dividend and a yield of 6.07%. The ex-dividend date of this dividend is Thursday, December 8th.

The Gabelli Dividend & Income Trust Profile

(Get Rating)

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.

Further Reading

Want to see what other hedge funds are holding GDV? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Gabelli Dividend & Income Trust (NYSE:GDVGet Rating).

Institutional Ownership by Quarter for The Gabelli Dividend & Income Trust (NYSE:GDV)

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