Bank of America Corp DE Cuts Stock Position in The Gabelli Dividend & Income Trust (NYSE:GDV)

Bank of America Corp DE decreased its position in shares of The Gabelli Dividend & Income Trust (NYSE:GDV) by 8.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 735,034 shares of the financial services provider’s stock after selling 65,954 shares during the period. Bank of America Corp DE’s holdings in The Gabelli Dividend & Income Trust were worth $17,751,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Russell Investments Group Ltd. lifted its position in shares of The Gabelli Dividend & Income Trust by 75.6% during the fourth quarter. Russell Investments Group Ltd. now owns 1,103 shares of the financial services provider’s stock worth $27,000 after purchasing an additional 475 shares in the last quarter. Jones Financial Companies Lllp purchased a new stake in The Gabelli Dividend & Income Trust during the 4th quarter worth approximately $28,000. IFP Advisors Inc increased its stake in The Gabelli Dividend & Income Trust by 1,425.3% during the 4th quarter. IFP Advisors Inc now owns 1,205 shares of the financial services provider’s stock worth $29,000 after buying an additional 1,126 shares during the period. US Bancorp DE acquired a new stake in The Gabelli Dividend & Income Trust during the 4th quarter worth approximately $39,000. Finally, Anderson Financial Strategies LLC acquired a new stake in The Gabelli Dividend & Income Trust during the 4th quarter worth approximately $123,000.

The Gabelli Dividend & Income Trust Stock Performance

NYSE:GDV opened at $25.09 on Wednesday. The Gabelli Dividend & Income Trust has a 52 week low of $20.10 and a 52 week high of $25.67. The company has a fifty day simple moving average of $23.51 and a two-hundred day simple moving average of $24.31.

The Gabelli Dividend & Income Trust Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, September 23rd. Stockholders of record on Tuesday, September 16th will be given a dividend of $0.14 per share. This represents a $1.68 dividend on an annualized basis and a dividend yield of 6.70%. The ex-dividend date of this dividend is Tuesday, September 16th.

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.