Fifth Third Bancorp Buys 64,560 Shares of The Gabelli Dividend & Income Trust $GDV

Fifth Third Bancorp boosted its position in shares of The Gabelli Dividend & Income Trust (NYSE:GDV) by 6,456.0% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 65,560 shares of the financial services provider’s stock after buying an additional 64,560 shares during the quarter. Fifth Third Bancorp’s holdings in The Gabelli Dividend & Income Trust were worth $1,766,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the company. Larson Financial Group LLC bought a new stake in shares of The Gabelli Dividend & Income Trust during the third quarter worth $30,000. CIBC Private Wealth Group LLC bought a new position in The Gabelli Dividend & Income Trust in the third quarter valued at about $38,000. Hilton Head Capital Partners LLC acquired a new stake in The Gabelli Dividend & Income Trust in the fourth quarter worth about $44,000. US Bancorp DE acquired a new stake in The Gabelli Dividend & Income Trust in the third quarter worth about $43,000. Finally, Geneos Wealth Management Inc. bought a new stake in The Gabelli Dividend & Income Trust during the 1st quarter worth about $55,000.

The Gabelli Dividend & Income Trust Stock Up 0.2%

Shares of NYSE GDV opened at $29.66 on Thursday. The Gabelli Dividend & Income Trust has a 1 year low of $25.75 and a 1 year high of $30.16. The firm’s 50-day moving average is $29.25 and its 200-day moving average is $28.70.

The Gabelli Dividend & Income Trust Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, September 23rd. Shareholders of record on Wednesday, September 16th will be paid a $0.15 dividend. The ex-dividend date of this dividend is Wednesday, September 16th. This represents a c) dividend on an annualized basis and a yield of 6.1%.

The Gabelli Dividend & Income Trust Company Profile

The Gabelli Dividend & Income Trust (NYSE: GDV) is a diversified, closed-end management investment company organized in 1993 and based in Rye, New York. Managed by Gabelli Funds, LLC—a subsidiary of GAMCO Investors, Inc—the trust seeks to provide a high level of current dividend income while preserving prospects for capital appreciation. It is listed on the New York Stock Exchange and attracts investors looking for regular distributions and potential long-term total return.

The trust’s primary investment focus is on dividend-paying common stocks of U.S.