107,225 Shares in The Gabelli Dividend & Income Trust $GDV Bought by Evolve Private Wealth LLC

Evolve Private Wealth LLC purchased a new stake in The Gabelli Dividend & Income Trust (NYSE:GDV) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor purchased 107,225 shares of the financial services provider’s stock, valued at approximately $2,978,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of GDV. Community Bank N.A. acquired a new stake in shares of The Gabelli Dividend & Income Trust in the third quarter valued at about $27,000. Larson Financial Group LLC purchased a new position in The Gabelli Dividend & Income Trust in the 3rd quarter worth approximately $30,000. CIBC Private Wealth Group LLC acquired a new stake in The Gabelli Dividend & Income Trust in the third quarter valued at approximately $38,000. Hilton Head Capital Partners LLC purchased a new stake in shares of The Gabelli Dividend & Income Trust during the fourth quarter valued at approximately $44,000. Finally, US Bancorp DE purchased a new stake in shares of The Gabelli Dividend & Income Trust during the third quarter valued at approximately $43,000.

The Gabelli Dividend & Income Trust Price Performance

NYSE GDV opened at $28.95 on Thursday. The company’s fifty day simple moving average is $29.01 and its 200-day simple moving average is $28.34. The Gabelli Dividend & Income Trust has a 52 week low of $24.57 and a 52 week high of $29.58.

The Gabelli Dividend & Income Trust Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, September 23rd. Shareholders of record on Wednesday, September 16th will be given a $0.15 dividend. This represents a c) dividend on an annualized basis and a yield of 6.2%. The ex-dividend date of this dividend is Wednesday, September 16th.

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.