Allspring Global Investments Holdings LLC Sells 10,680 Shares of The Gabelli Dividend & Income Trust (NYSE:GDV)

Allspring Global Investments Holdings LLC reduced its position in shares of The Gabelli Dividend & Income Trust (NYSE:GDV) by 1.6% in the third quarter, according to its most recent filing with the SEC. The fund owned 637,163 shares of the financial services provider’s stock after selling 10,680 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in The Gabelli Dividend & Income Trust were worth $15,579,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Horizon Wealth Management LLC purchased a new stake in shares of The Gabelli Dividend & Income Trust during the 3rd quarter valued at about $211,000. Constitution Capital LLC bought a new stake in The Gabelli Dividend & Income Trust during the third quarter worth approximately $203,000. Maltin Wealth Management Inc. raised its position in The Gabelli Dividend & Income Trust by 86.5% during the third quarter. Maltin Wealth Management Inc. now owns 49,739 shares of the financial services provider’s stock valued at $1,216,000 after purchasing an additional 23,073 shares during the period. CWM LLC lifted its stake in shares of The Gabelli Dividend & Income Trust by 11.6% in the 3rd quarter. CWM LLC now owns 5,227 shares of the financial services provider’s stock valued at $128,000 after purchasing an additional 545 shares during the last quarter. Finally, Sanctuary Advisors LLC purchased a new position in shares of The Gabelli Dividend & Income Trust in the 2nd quarter worth approximately $3,212,000.

Insider Activity

In other news, insider Mario J. Gabelli acquired 3,280 shares of the firm’s stock in a transaction on Friday, August 2nd. The stock was acquired at an average price of $22.91 per share, with a total value of $75,144.80. Following the completion of the purchase, the insider now directly owns 142,592 shares in the company, valued at approximately $3,266,782.72. This trade represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, insider Mario J. Gabelli acquired 2,000 shares of the firm’s stock in a transaction that occurred on Tuesday, October 15th. The stock was bought at an average price of $24.90 per share, for a total transaction of $49,800.00. Following the acquisition, the insider now directly owns 10,000 shares of the company’s stock, valued at $249,000. This represents a 0.00 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Mario J. Gabelli purchased 3,280 shares of the stock in a transaction that occurred on Friday, August 2nd. The stock was purchased at an average price 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. This trade represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. Over the last quarter, insiders have bought 3,138,000 shares of company stock valued at $31,460,778.

The Gabelli Dividend & Income Trust Price Performance

NYSE GDV opened at $24.31 on Friday. The business’s 50 day moving average price is $24.15 and its 200-day moving average price is $23.18. The Gabelli Dividend & Income Trust has a fifty-two week low of $18.04 and a fifty-two week high of $24.99.

The Gabelli Dividend & Income Trust Dividend Announcement

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

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.