Concurrent Investment Advisors LLC Sells 5,196 Shares of The Gabelli Dividend & Income Trust (NYSE:GDV)

Concurrent Investment Advisors LLC lessened its holdings in shares of The Gabelli Dividend & Income Trust (NYSE:GDV) by 36.3% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 9,127 shares of the financial services provider’s stock after selling 5,196 shares during the period. Concurrent Investment Advisors LLC’s holdings in The Gabelli Dividend & Income Trust were worth $207,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Quantedge Capital Pte Ltd boosted its holdings in shares of The Gabelli Dividend & Income Trust by 12.7% during the 4th quarter. Quantedge Capital Pte Ltd now owns 194,441 shares of the financial services provider’s stock valued at $4,208,000 after buying an additional 21,900 shares in the last quarter. 180 Wealth Advisors LLC boosted its holdings in shares of The Gabelli Dividend & Income Trust by 5.7% during the 2nd quarter. 180 Wealth Advisors LLC now owns 40,508 shares of the financial services provider’s stock valued at $937,000 after buying an additional 2,190 shares in the last quarter. Brookstone Capital Management bought a new position in The Gabelli Dividend & Income Trust in the 1st quarter worth about $343,000. Accuvest Global Advisors boosted its stake in The Gabelli Dividend & Income Trust by 3.3% in the 4th quarter. Accuvest Global Advisors now owns 48,939 shares of the financial services provider’s stock worth $1,059,000 after purchasing an additional 1,583 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. boosted its stake in The Gabelli Dividend & Income Trust by 0.8% in the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 147,004 shares of the financial services provider’s stock worth $3,181,000 after purchasing an additional 1,155 shares in the last quarter.

Insider Buying and Selling

In other news, insider Mario J. Gabelli purchased 3,280 shares of the company’s stock in a transaction that occurred on Friday, August 2nd. The shares were bought at an average price of $22.91 per share, for a total transaction of $75,144.80. Following the purchase, the insider now directly owns 142,592 shares in the company, valued at approximately $3,266,782.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders have bought a total of 4,200 shares of company stock worth $95,528 in the last quarter.

The Gabelli Dividend & Income Trust Trading Up 0.3 %

Shares of The Gabelli Dividend & Income Trust stock opened at $23.90 on Thursday. The firm’s 50-day moving average is $23.26 and its 200 day moving average is $22.71. The Gabelli Dividend & Income Trust has a 1 year low of $18.04 and a 1 year high of $24.09.

The Gabelli Dividend & Income Trust Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, December 20th. Investors 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 yield of 5.52%. The ex-dividend date of this dividend is Friday, December 13th.

The Gabelli Dividend & Income Trust Company 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.