The Gabelli Dividend & Income Trust $GDV Shares Sold by DAVENPORT & Co LLC

DAVENPORT & Co LLC cut its holdings in The Gabelli Dividend & Income Trust (NYSE:GDV) by 2.4% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 16,448 shares of the financial services provider’s stock after selling 400 shares during the period. DAVENPORT & Co LLC’s holdings in The Gabelli Dividend & Income Trust were worth $428,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Vermillion Wealth Management Inc. acquired a new position in The Gabelli Dividend & Income Trust in the second quarter valued at approximately $29,000. Dakota Wealth Management boosted its position in The Gabelli Dividend & Income Trust by 7.1% during the 2nd quarter. Dakota Wealth Management now owns 37,713 shares of the financial services provider’s stock valued at $981,000 after purchasing an additional 2,500 shares during the period. Farther Finance Advisors LLC boosted its position in The Gabelli Dividend & Income Trust by 38.1% during the 2nd quarter. Farther Finance Advisors LLC now owns 1,831 shares of the financial services provider’s stock valued at $48,000 after purchasing an additional 505 shares during the period. Pinnacle Bancorp Inc. acquired a new position in The Gabelli Dividend & Income Trust during the 2nd quarter valued at approximately $37,000. Finally, Stolper Co boosted its position in The Gabelli Dividend & Income Trust by 1.7% during the 2nd quarter. Stolper Co now owns 41,561 shares of the financial services provider’s stock valued at $1,081,000 after purchasing an additional 688 shares during the period.

The Gabelli Dividend & Income Trust Stock Performance

NYSE:GDV opened at $26.55 on Monday. The Gabelli Dividend & Income Trust has a 12-month low of $20.10 and a 12-month high of $27.53. The business has a 50 day simple moving average of $26.86 and a 200 day simple moving average of $25.43.

The Gabelli Dividend & Income Trust Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Thursday, November 20th. Shareholders of record on Thursday, November 13th will be paid a dividend of $0.14 per share. This represents a c) dividend on an annualized basis and a yield of 6.3%. The ex-dividend date of this dividend is Thursday, November 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.