Transcend Capital Advisors LLC Has $702,000 Holdings in The Gabelli Dividend & Income Trust (NYSE:GDV)

Transcend Capital Advisors LLC lessened its holdings in The Gabelli Dividend & Income Trust (NYSE:GDV) by 3.3% during the fourth quarter, HoldingsChannel.com reports. The fund owned 29,072 shares of the financial services provider’s stock after selling 999 shares during the period. Transcend Capital Advisors LLC’s holdings in The Gabelli Dividend & Income Trust were worth $702,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the business. TD Private Client Wealth LLC bought a new position in The Gabelli Dividend & Income Trust in the 3rd quarter valued at approximately $78,000. Larson Financial Group LLC raised its stake in shares of The Gabelli Dividend & Income Trust by 233.3% during the third quarter. Larson Financial Group LLC now owns 4,000 shares of the financial services provider’s stock valued at $98,000 after acquiring an additional 2,800 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new position in shares of The Gabelli Dividend & Income Trust during the third quarter valued at $180,000. Axxcess Wealth Management LLC bought a new position in shares of The Gabelli Dividend & Income Trust during the third quarter valued at $203,000. Finally, MGB Wealth Management LLC bought a new position in shares of The Gabelli Dividend & Income Trust during the third quarter valued at $209,000.

The Gabelli Dividend & Income Trust Stock Down 0.9 %

Shares of NYSE:GDV opened at $24.96 on Friday. The Gabelli Dividend & Income Trust has a 12-month low of $21.44 and a 12-month high of $25.67. The business has a fifty day simple moving average of $24.70 and a 200 day simple moving average of $24.46.

The Gabelli Dividend & Income Trust Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Monday, June 23rd. Stockholders of record on Friday, June 13th will be given a dividend of $0.14 per share. The ex-dividend date of this dividend is Friday, June 13th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 6.73%.

Insider Transactions at The Gabelli Dividend & Income Trust

In other news, insider Mario J. Gabelli purchased 2,300 shares of the stock in a transaction on Friday, January 17th. The stock was purchased at an average price of $24.83 per share, for a total transaction of $57,109.00. Following the acquisition, the insider now owns 145,812 shares in the company, valued at $3,620,511.96. This trade represents a 1.60 % 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.

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.