Kestra Advisory Services LLC Boosts Stock Holdings in The Gabelli Dividend & Income Trust $GDV

Kestra Advisory Services LLC raised its holdings in The Gabelli Dividend & Income Trust (NYSE:GDV) by 72.0% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 114,959 shares of the financial services provider’s stock after acquiring an additional 48,132 shares during the quarter. Kestra Advisory Services LLC’s holdings in The Gabelli Dividend & Income Trust were worth $3,096,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Larson Financial Group LLC purchased a new stake in shares of The Gabelli Dividend & Income Trust in the third quarter valued at $30,000. CIBC Private Wealth Group LLC purchased a new position in shares of The Gabelli Dividend & Income Trust during the 3rd quarter worth about $38,000. Hilton Head Capital Partners LLC acquired a new position in shares of The Gabelli Dividend & Income Trust in the 4th quarter valued at $44,000. US Bancorp DE acquired a new position in shares of The Gabelli Dividend & Income Trust in the 3rd quarter valued at $43,000. Finally, Geneos Wealth Management Inc. purchased a new stake in shares of The Gabelli Dividend & Income Trust during the 1st quarter valued at $55,000.

The Gabelli Dividend & Income Trust Trading Down 0.8%

Shares of NYSE:GDV opened at $29.62 on Friday. The Gabelli Dividend & Income Trust has a 1 year low of $25.75 and a 1 year high of $30.16. The stock has a 50-day simple moving average of $29.22 and a 200-day simple moving average of $28.65.

The Gabelli Dividend & Income Trust Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Wednesday, September 23rd. Stockholders of record on Wednesday, September 16th will be given a dividend of $0.15 per share. This represents a c) dividend on an annualized basis and a dividend yield of 6.1%. The ex-dividend date of this dividend is Wednesday, September 16th.

About The Gabelli Dividend & Income Trust

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.