Wedbush Securities Inc. Has $289,000 Stock Position in The Gabelli Dividend & Income Trust $GDV

Wedbush Securities Inc. decreased its position in shares of The Gabelli Dividend & Income Trust (NYSE:GDV) by 16.2% in the 2nd quarter, HoldingsChannel reports. The firm owned 11,120 shares of the financial services provider’s stock after selling 2,151 shares during the quarter. Wedbush Securities Inc.’s holdings in The Gabelli Dividend & Income Trust were worth $289,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the company. WPG Advisers LLC acquired a new position in shares of The Gabelli Dividend & Income Trust during the 1st quarter worth $27,000. Vermillion Wealth Management Inc. acquired a new position in The Gabelli Dividend & Income Trust during the second quarter worth about $29,000. Eastern Bank bought a new position in shares of The Gabelli Dividend & Income Trust in the first quarter worth about $35,000. Pinnacle Bancorp Inc. bought a new position in shares of The Gabelli Dividend & Income Trust in the second quarter worth about $37,000. Finally, Farther Finance Advisors LLC boosted its stake in shares of The Gabelli Dividend & Income Trust by 38.1% in the 2nd quarter. Farther Finance Advisors LLC now owns 1,831 shares of the financial services provider’s stock valued at $48,000 after purchasing an additional 505 shares in the last quarter.

The Gabelli Dividend & Income Trust Stock Performance

Shares of The Gabelli Dividend & Income Trust stock opened at $27.23 on Thursday. The company’s 50 day moving average price is $27.06 and its two-hundred day moving average price is $26.12. The Gabelli Dividend & Income Trust has a fifty-two week low of $20.10 and a fifty-two week high of $27.58.

The Gabelli Dividend & Income Trust Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Tuesday, March 24th. Stockholders of record on Tuesday, March 17th will be issued a dividend of $0.15 per share. This represents a c) dividend on an annualized basis and a dividend yield of 6.6%. The ex-dividend date is Tuesday, March 17th.

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.