Abel Hall LLC Invests $275,000 in The Gabelli Dividend & Income Trust $GDV

Abel Hall LLC acquired a new position in shares of The Gabelli Dividend & Income Trust (NYSE:GDV) during the second quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 10,560 shares of the financial services provider’s stock, valued at approximately $275,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in GDV. Sit Investment Associates Inc. grew its stake in shares of The Gabelli Dividend & Income Trust by 6.3% during the 1st quarter. Sit Investment Associates Inc. now owns 900,838 shares of the financial services provider’s stock worth $21,737,000 after purchasing an additional 53,558 shares during the period. Janney Montgomery Scott LLC acquired a new stake in shares of The Gabelli Dividend & Income Trust during the 1st quarter worth approximately $1,157,000. Allspring Global Investments Holdings LLC grew its stake in shares of The Gabelli Dividend & Income Trust by 10.5% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 458,473 shares of the financial services provider’s stock worth $11,063,000 after purchasing an additional 43,617 shares during the period. LPL Financial LLC grew its stake in shares of The Gabelli Dividend & Income Trust by 9.7% during the 1st quarter. LPL Financial LLC now owns 448,090 shares of the financial services provider’s stock worth $10,812,000 after purchasing an additional 39,590 shares during the period. Finally, Jones Road Capital Management L.P. grew its stake in shares of The Gabelli Dividend & Income Trust by 18.0% during the 1st quarter. Jones Road Capital Management L.P. now owns 236,000 shares of the financial services provider’s stock worth $5,695,000 after purchasing an additional 36,000 shares during the period.

The Gabelli Dividend & Income Trust Stock Up 0.2%

Shares of NYSE GDV opened at $27.26 on Thursday. The Gabelli Dividend & Income Trust has a 12 month low of $20.10 and a 12 month high of $27.53. The firm’s 50 day simple moving average is $26.84 and its 200-day simple moving average is $25.38.

The Gabelli Dividend & Income Trust Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Thursday, November 20th. Investors of record on Thursday, November 13th will be paid a $0.14 dividend. The ex-dividend date of this dividend is Thursday, November 13th. This represents a c) dividend on an annualized basis and a yield of 6.2%.

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.