Cetera Investment Advisers Decreases Position in The Gabelli Dividend & Income Trust (NYSE:GDV)

Cetera Investment Advisers trimmed its stake in The Gabelli Dividend & Income Trust (NYSE:GDV) by 68.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 39,416 shares of the financial services provider’s stock after selling 84,698 shares during the quarter. Cetera Investment Advisers’ holdings in The Gabelli Dividend & Income Trust were worth $952,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the stock. DAVENPORT & Co LLC increased its stake in The Gabelli Dividend & Income Trust by 2.4% in the fourth quarter. DAVENPORT & Co LLC now owns 16,788 shares of the financial services provider’s stock valued at $405,000 after purchasing an additional 400 shares during the last quarter. Russell Investments Group Ltd. lifted its holdings in The Gabelli Dividend & Income Trust by 75.6% during the 4th quarter. Russell Investments Group Ltd. now owns 1,103 shares of the financial services provider’s stock worth $27,000 after buying an additional 475 shares during the last quarter. Level Four Advisory Services LLC lifted its holdings in The Gabelli Dividend & Income Trust by 8.4% during the 4th quarter. Level Four Advisory Services LLC now owns 13,287 shares of the financial services provider’s stock worth $321,000 after buying an additional 1,025 shares during the last quarter. IFP Advisors Inc raised its position in shares of 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 purchasing an additional 1,126 shares during the period. Finally, Jones Financial Companies Lllp acquired a new stake in shares of The Gabelli Dividend & Income Trust during the 4th quarter worth approximately $28,000.

The Gabelli Dividend & Income Trust Stock Performance

GDV opened at $24.39 on Friday. The Gabelli Dividend & Income Trust has a 12 month low of $20.10 and a 12 month high of $25.67. The stock’s 50 day moving average price is $23.54 and its 200 day moving average price is $24.31.

The Gabelli Dividend & Income Trust Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Tuesday, September 23rd. Investors of record on Tuesday, September 16th will be given a $0.14 dividend. This represents a $1.68 annualized dividend and a yield of 6.89%. The ex-dividend date of this dividend is Tuesday, September 16th.

The Gabelli Dividend & Income Trust 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.