Ashton Thomas Securities LLC Raises Holdings in The Gabelli Dividend & Income Trust (NYSE:GDV)

Ashton Thomas Securities LLC increased its position in The Gabelli Dividend & Income Trust (NYSE:GDV) by 4.0% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 31,550 shares of the financial services provider’s stock after purchasing an additional 1,200 shares during the period. Ashton Thomas Securities LLC’s holdings in The Gabelli Dividend & Income Trust were worth $771,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Private Advisor Group LLC grew its position in The Gabelli Dividend & Income Trust by 2.7% in 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 during the last quarter. Janney Montgomery Scott LLC increased its stake in shares of The Gabelli Dividend & Income Trust by 14.1% during the first quarter. Janney Montgomery Scott LLC now owns 47,269 shares of the financial services provider’s stock worth $1,086,000 after acquiring an additional 5,834 shares during the period. Pinnacle Wealth Planning Services Inc. raised its holdings in The Gabelli Dividend & Income Trust by 5.9% during the first 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. City of London Investment Management Co. Ltd. lifted its position in The Gabelli Dividend & Income Trust by 48.1% in the first quarter. City of London Investment Management Co. Ltd. now owns 54,802 shares of the financial services provider’s stock valued at $1,259,000 after purchasing an additional 17,800 shares during the period. Finally, Cornerstone Advisors LLC boosted its holdings in The Gabelli Dividend & Income Trust by 14.2% in the 1st quarter. Cornerstone Advisors LLC now owns 1,409,699 shares of the financial services provider’s stock valued at $32,395,000 after purchasing an additional 174,926 shares in the last quarter.

The Gabelli Dividend & Income Trust Stock Performance

The Gabelli Dividend & Income Trust stock opened at $25.16 on Tuesday. The stock’s 50 day moving average price is $24.29 and its 200 day moving average price is $23.39. The Gabelli Dividend & Income Trust has a 1-year low of $19.16 and a 1-year high of $25.33.

The Gabelli Dividend & Income Trust Announces Dividend

The company also recently announced a dividend, which was paid on Thursday, October 24th. Shareholders of record on Friday, October 18th were issued a $0.11 dividend. This represents a yield of 5.32%. The ex-dividend date was Thursday, October 17th.

Insider Activity

In other The Gabelli Dividend & Income Trust news, insider Mario J. Gabelli bought 3,131,500 shares of the business’s stock in a transaction on Friday, October 11th. The stock was bought at an average price of $10.00 per share, for a total transaction of $31,315,000.00. Following the completion of the transaction, the insider now owns 3,131,500 shares in the company, valued at approximately $31,315,000. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other news, insider Mario J. Gabelli acquired 3,131,500 shares of The Gabelli Dividend & Income Trust stock in a transaction that occurred on Friday, October 11th. The shares were acquired at an average price of $10.00 per share, with a total value of $31,315,000.00. Following the completion of the purchase, the insider now owns 3,131,500 shares of the company’s stock, valued at approximately $31,315,000. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Mario J. Gabelli purchased 2,000 shares of The Gabelli Dividend & Income Trust stock in a transaction on Tuesday, October 15th. The shares were acquired at an average cost of $24.90 per share, for a total transaction of $49,800.00. Following the purchase, the insider now owns 10,000 shares in the company, valued at approximately $249,000. This trade represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders bought a total of 3,134,000 shares of company stock worth $31,369,800 over the last 90 days.

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.