Gables Capital Management Inc. Sells 3,825 Shares of The Gabelli Dividend & Income Trust (NYSE:GDV)

Gables Capital Management Inc. lessened its stake in shares of The Gabelli Dividend & Income Trust (NYSE:GDV) by 19.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,775 shares of the financial services provider’s stock after selling 3,825 shares during the period. Gables Capital Management Inc.’s holdings in The Gabelli Dividend & Income Trust were worth $381,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Jones Financial Companies Lllp bought a new position in The Gabelli Dividend & Income Trust during the 4th quarter valued at approximately $28,000. IFP Advisors Inc increased its holdings in shares of The Gabelli Dividend & Income Trust by 1,425.3% in the 4th quarter. IFP Advisors Inc now owns 1,205 shares of the financial services provider’s stock worth $29,000 after purchasing an additional 1,126 shares in the last quarter. US Bancorp DE bought a new stake in shares of The Gabelli Dividend & Income Trust in the 4th quarter worth $39,000. TD Private Client Wealth LLC bought a new stake in shares of The Gabelli Dividend & Income Trust in the 3rd quarter worth $78,000. Finally, Larson Financial Group LLC increased its holdings in shares of The Gabelli Dividend & Income Trust by 233.3% in the 3rd quarter. Larson Financial Group LLC now owns 4,000 shares of the financial services provider’s stock worth $98,000 after purchasing an additional 2,800 shares in the last quarter.

The Gabelli Dividend & Income Trust Price Performance

The Gabelli Dividend & Income Trust stock opened at $23.86 on Tuesday. The stock has a fifty day simple moving average of $24.71 and a two-hundred day simple moving average of $24.57. The Gabelli Dividend & Income Trust has a 12 month low of $21.44 and a 12 month high of $25.67.

The Gabelli Dividend & Income Trust Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, June 23rd. Shareholders of record on Friday, June 13th will be issued a $0.14 dividend. This represents a $1.68 dividend on an annualized basis and a dividend yield of 7.04%. The ex-dividend date of this dividend is Friday, June 13th.

Insiders Place Their Bets

In other The Gabelli Dividend & Income Trust news, insider Mario J. Gabelli bought 2,300 shares of The Gabelli Dividend & Income Trust stock in a transaction on Friday, January 17th. The stock was acquired at an average price of $24.83 per share, with a total value of $57,109.00. Following the acquisition, the insider now owns 145,812 shares in the company, valued at approximately $3,620,511.96. This trade represents a 1.60 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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.