Axxcess Wealth Management LLC Acquires Shares of 8,282 The Gabelli Dividend & Income Trust (NYSE:GDV)

Axxcess Wealth Management LLC acquired a new stake in The Gabelli Dividend & Income Trust (NYSE:GDV) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 8,282 shares of the financial services provider’s stock, valued at approximately $203,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in GDV. International Assets Investment Management LLC grew its position in shares of The Gabelli Dividend & Income Trust by 2,345.0% during the 3rd quarter. International Assets Investment Management LLC now owns 352,080 shares of the financial services provider’s stock worth $8,608,000 after buying an additional 337,680 shares in the last quarter. Cornerstone Advisors LLC lifted its stake in shares of The Gabelli Dividend & Income Trust by 17.0% during the 2nd quarter. Cornerstone Advisors LLC now owns 1,649,457 shares of the financial services provider’s stock worth $37,459,000 after purchasing an additional 239,758 shares during the last quarter. Sanctuary Advisors LLC purchased a new stake in shares of The Gabelli Dividend & Income Trust during the 2nd quarter worth $3,212,000. Private Advisor Group LLC lifted its stake in shares of The Gabelli Dividend & Income Trust by 746.7% during the 2nd quarter. Private Advisor Group LLC now owns 163,406 shares of the financial services provider’s stock worth $3,711,000 after purchasing an additional 144,107 shares during the last quarter. Finally, Cetera Advisors LLC purchased a new stake in shares of The Gabelli Dividend & Income Trust during the 1st quarter worth $1,664,000.

The Gabelli Dividend & Income Trust Stock Performance

Shares of NYSE GDV opened at $24.55 on Friday. The Gabelli Dividend & Income Trust has a 1-year low of $19.52 and a 1-year high of $25.33. The business has a fifty day moving average price of $24.35 and a 200 day moving average price of $23.43.

The Gabelli Dividend & Income Trust Announces Dividend

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

Insider Buying and Selling

In other The Gabelli Dividend & Income Trust news, insider Mario J. Gabelli purchased 2,000 shares of the firm’s stock in a transaction on Tuesday, October 15th. The stock was bought at an average cost of $24.90 per share, for a total transaction of $49,800.00. Following the completion of the purchase, the insider now owns 10,000 shares in the company, valued at $249,000. This represents a 25.00 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders purchased 3,134,000 shares of company stock worth $31,369,800 in the last three months.

The Gabelli Dividend & Income Trust Company Profile

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.