9258 Wealth Management LLC Trims Stock Position in The Gabelli Dividend & Income Trust (NYSE:GDV)

9258 Wealth Management LLC lessened its holdings in The Gabelli Dividend & Income Trust (NYSE:GDV) by 4.4% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 27,200 shares of the financial services provider’s stock after selling 1,261 shares during the period. 9258 Wealth Management LLC’s holdings in The Gabelli Dividend & Income Trust were worth $618,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Larson Financial Group LLC bought a new position in The Gabelli Dividend & Income Trust in the second quarter worth approximately $27,000. Bessemer Group Inc. purchased a new stake in shares of The Gabelli Dividend & Income Trust in the 1st quarter worth $33,000. Benjamin F. Edwards & Company Inc. raised its holdings in The Gabelli Dividend & Income Trust by 40.0% in the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 2,100 shares of the financial services provider’s stock worth $45,000 after purchasing an additional 600 shares during the period. Vima LLC purchased a new position in The Gabelli Dividend & Income Trust during the fourth quarter valued at $132,000. Finally, Private Wealth Advisors LLC bought a new stake in The Gabelli Dividend & Income Trust during the first quarter valued at about $203,000.

The Gabelli Dividend & Income Trust Stock Performance

Shares of GDV opened at $23.74 on Friday. The business has a 50-day simple moving average of $23.29 and a two-hundred day simple moving average of $22.72. The Gabelli Dividend & Income Trust has a 52 week low of $18.04 and a 52 week high of $24.09.

The Gabelli Dividend & Income Trust Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Friday, December 20th. Investors of record on Friday, December 13th will be issued a $0.11 dividend. This represents a $1.32 annualized dividend and a yield of 5.56%. The ex-dividend date of this dividend is Friday, December 13th.

Insiders Place Their Bets

In other news, insider Mario J. Gabelli purchased 3,280 shares of the stock in a transaction on Friday, August 2nd. The shares were acquired at an average price of $22.91 per share, with a total value of $75,144.80. Following the completion of the acquisition, the insider now directly owns 142,592 shares of the company’s stock, valued at $3,266,782.72. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. In the last 90 days, insiders have bought 4,200 shares of company stock worth $95,528.

About The Gabelli Dividend & Income Trust

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.