Indivisible Partners Takes $491,000 Position in The Gabelli Dividend & Income Trust $GDV

Indivisible Partners bought a new stake in shares of The Gabelli Dividend & Income Trust (NYSE:GDV) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 17,692 shares of the financial services provider’s stock, valued at approximately $491,000.

Other large investors have also recently modified their holdings of the company. PMG Family Office LLC bought a new position in shares of The Gabelli Dividend & Income Trust during the 3rd quarter valued at approximately $511,000. Hennion & Walsh Asset Management Inc. increased its position in shares of The Gabelli Dividend & Income Trust by 38.3% during the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 102,053 shares of the financial services provider’s stock valued at $2,834,000 after purchasing an additional 28,278 shares during the last quarter. Shaker Financial Services LLC increased its position in shares of The Gabelli Dividend & Income Trust by 113.4% during the 4th quarter. Shaker Financial Services LLC now owns 73,792 shares of the financial services provider’s stock valued at $2,049,000 after purchasing an additional 39,211 shares during the last quarter. Silverlake Wealth Management LLC increased its position in shares of The Gabelli Dividend & Income Trust by 4.0% during the 4th quarter. Silverlake Wealth Management LLC now owns 84,087 shares of the financial services provider’s stock valued at $2,335,000 after purchasing an additional 3,249 shares during the last quarter. Finally, Community Bank N.A. bought a new position in shares of The Gabelli Dividend & Income Trust during the 3rd quarter valued at approximately $27,000.

The Gabelli Dividend & Income Trust Price Performance

NYSE GDV opened at $29.13 on Friday. The business’s 50 day moving average price is $28.14 and its 200-day moving average price is $27.91. The Gabelli Dividend & Income Trust has a fifty-two week low of $23.81 and a fifty-two week high of $29.58.

The Gabelli Dividend & Income Trust Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Tuesday, June 23rd. Stockholders of record on Monday, June 15th will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Monday, June 15th. This represents a c) annualized dividend and a dividend yield of 6.2%.

Insider Buying and Selling at The Gabelli Dividend & Income Trust

In related news, insider Mario J. Gabelli bought 4,500 shares of the business’s stock in a transaction dated Tuesday, February 17th. The shares were purchased at an average price of $29.09 per share, with a total value of $130,905.00. Following the transaction, the insider owned 25,000 shares in the company, valued at $727,250. This trade represents a 21.95% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

The Gabelli Dividend & Income Trust 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.