Elevation Point Wealth Partners LLC Acquires New Stake in The Gabelli Dividend & Income Trust $GDV

Elevation Point Wealth Partners 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 filing with the Securities & Exchange Commission. The firm acquired 30,472 shares of the financial services provider’s stock, valued at approximately $896,000.

Several other institutional investors and hedge funds have also recently modified their holdings of GDV. Focus Partners Wealth grew its stake in shares of The Gabelli Dividend & Income Trust by 38.0% in the first quarter. Focus Partners Wealth now owns 33,834 shares of the financial services provider’s stock worth $816,000 after acquiring an additional 9,310 shares in the last quarter. Geneos Wealth Management Inc. acquired a new position in shares of The Gabelli Dividend & Income Trust in the 1st quarter valued at $55,000. First Trust Advisors LP boosted its stake in shares of The Gabelli Dividend & Income Trust by 2.0% during the second quarter. First Trust Advisors LP now owns 107,154 shares of the financial services provider’s stock worth $2,787,000 after buying an additional 2,136 shares during the period. Raymond James Financial Inc. lifted its position in The Gabelli Dividend & Income Trust by 2.3% during the 2nd quarter. Raymond James Financial Inc. now owns 1,359,134 shares of the financial services provider’s stock worth $35,351,000 after acquiring an additional 31,024 shares during the period. Finally, Prevail Innovative Wealth Advisors LLC increased its stake in shares of The Gabelli Dividend & Income Trust by 24.6% during the second quarter. Prevail Innovative Wealth Advisors LLC now owns 70,738 shares of the financial services provider’s stock worth $1,840,000 after acquiring an additional 13,959 shares during the period.

The Gabelli Dividend & Income Trust Stock Up 0.0%

Shares of GDV stock opened at $30.41 on Tuesday. The Gabelli Dividend & Income Trust has a 1-year low of $26.14 and a 1-year high of $31.00. The business’s fifty day moving average price is $29.80 and its 200 day moving average price is $28.99.

The Gabelli Dividend & Income Trust Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Friday, December 18th. Investors of record on Friday, December 11th will be paid a $0.15 dividend. This represents a c) annualized dividend and a yield of 5.9%. The ex-dividend date of this dividend is Friday, December 11th.

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.