Farther Finance Advisors LLC Boosts Stock Position in The Gabelli Dividend & Income Trust (NYSE:GDV)

Farther Finance Advisors LLC boosted its holdings in The Gabelli Dividend & Income Trust (NYSE:GDV) by 380.4% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,326 shares of the financial services provider’s stock after buying an additional 1,050 shares during the quarter. Farther Finance Advisors LLC’s holdings in The Gabelli Dividend & Income Trust were worth $32,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of GDV. Russell Investments Group Ltd. grew its holdings 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 during the last quarter. Jones Financial Companies Lllp purchased a new position in shares of The Gabelli Dividend & Income Trust during the fourth quarter worth about $28,000. IFP Advisors Inc grew its holdings in shares of The Gabelli Dividend & Income Trust by 1,425.3% during the fourth 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 last quarter. US Bancorp DE purchased a new position in shares of The Gabelli Dividend & Income Trust during the fourth quarter worth about $39,000. Finally, NBC Securities Inc. grew its holdings in shares of The Gabelli Dividend & Income Trust by 103,150.0% during the first quarter. NBC Securities Inc. now owns 4,130 shares of the financial services provider’s stock worth $99,000 after purchasing an additional 4,126 shares during the last quarter.

The Gabelli Dividend & Income Trust Stock Up 2.0%

Shares of GDV stock opened at $25.41 on Wednesday. The stock’s 50-day moving average is $24.29 and its two-hundred day moving average is $24.29. The Gabelli Dividend & Income Trust has a 1 year low of $20.10 and a 1 year high of $25.67.

The Gabelli Dividend & Income Trust Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Tuesday, September 23rd. Stockholders of record on Tuesday, September 16th will be paid a dividend of $0.14 per share. The ex-dividend date is Tuesday, September 16th. This represents a $1.68 annualized dividend and a dividend yield of 6.61%.

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.