9258 Wealth Management LLC Sells 1,261 Shares of The Gabelli Dividend & Income Trust (NYSE:GDV)

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

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Private Advisor Group LLC grew its holdings in The Gabelli Dividend & Income Trust by 2.7% during the 1st quarter. Private Advisor Group LLC now owns 19,299 shares of the financial services provider’s stock valued at $443,000 after buying an additional 515 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its stake in The Gabelli Dividend & Income Trust by 0.3% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 159,776 shares of the financial services provider’s stock valued at $3,629,000 after acquiring an additional 542 shares in the last quarter. Brookstone Capital Management grew its stake in The Gabelli Dividend & Income Trust by 3.7% during the second quarter. Brookstone Capital Management now owns 15,496 shares of the financial services provider’s stock valued at $368,000 after acquiring an additional 551 shares in the last quarter. Benjamin F. Edwards & Company Inc. increased 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 valued at $45,000 after acquiring an additional 600 shares during the last quarter. Finally, Pinnacle Wealth Planning Services Inc. lifted its stake in The Gabelli Dividend & Income Trust by 5.9% in the 1st quarter. Pinnacle Wealth Planning Services Inc. now owns 11,122 shares of the financial services provider’s stock worth $256,000 after purchasing an additional 623 shares in the last quarter.

Insider Buying and Selling at The Gabelli Dividend & Income Trust

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

The Gabelli Dividend & Income Trust Price Performance

GDV opened at $23.74 on Friday. The Gabelli Dividend & Income Trust has a 52 week low of $18.04 and a 52 week high of $24.09. The firm 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 Dividend Announcement

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