Advisor Group Holdings Inc. Sells 11,424 Shares of The Gabelli Dividend & Income Trust (NYSE:GDV)

Advisor Group Holdings Inc. trimmed its position in The Gabelli Dividend & Income Trust (NYSE:GDVGet Rating) by 4.2% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 257,430 shares of the financial services provider’s stock after selling 11,424 shares during the period. Advisor Group Holdings Inc.’s holdings in The Gabelli Dividend & Income Trust were worth $6,953,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of GDV. Bank of America Corp DE grew its position in The Gabelli Dividend & Income Trust by 9.1% in the 2nd quarter. Bank of America Corp DE now owns 1,863,081 shares of the financial services provider’s stock worth $49,018,000 after purchasing an additional 155,968 shares in the last quarter. Rockefeller Capital Management L.P. boosted its stake in The Gabelli Dividend & Income Trust by 43.2% in the third quarter. Rockefeller Capital Management L.P. now owns 195,713 shares of the financial services provider’s stock valued at $5,047,000 after acquiring an additional 59,032 shares during the last quarter. Morgan Stanley boosted its stake in The Gabelli Dividend & Income Trust by 0.9% in the third quarter. Morgan Stanley now owns 6,112,295 shares of the financial services provider’s stock valued at $157,636,000 after acquiring an additional 56,369 shares during the last quarter. Royal Bank of Canada boosted its stake in The Gabelli Dividend & Income Trust by 6.5% in the third quarter. Royal Bank of Canada now owns 625,478 shares of the financial services provider’s stock valued at $16,131,000 after acquiring an additional 38,137 shares during the last quarter. Finally, Wintrust Investments LLC purchased a new position in The Gabelli Dividend & Income Trust in the third quarter valued at about $866,000.

In other The Gabelli Dividend & Income Trust news, President Bruce N. Alpert purchased 4,000 shares of the company’s stock in a transaction that occurred on Monday, March 14th. The shares were bought at an average cost of $21.05 per share, for a total transaction of $84,200.00. The purchase was disclosed in a filing with the SEC, which is available at this link.

GDV opened at $23.25 on Friday. The Gabelli Dividend & Income Trust has a twelve month low of $22.42 and a twelve month high of $27.61. The company’s 50-day moving average price is $24.07 and its two-hundred day moving average price is $25.53.

The firm also recently declared a monthly dividend, which will be paid on Thursday, June 23rd. Investors of record on Wednesday, June 15th will be paid a dividend of $0.11 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 5.68%. The ex-dividend date is Tuesday, June 14th.

About The Gabelli Dividend & Income Trust (Get Rating)

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.

Further Reading

Want to see what other hedge funds are holding GDV? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Gabelli Dividend & Income Trust (NYSE:GDVGet Rating).

Institutional Ownership by Quarter for The Gabelli Dividend & Income Trust (NYSE:GDV)

Receive News & Ratings for The Gabelli Dividend & Income Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Gabelli Dividend & Income Trust and related companies with MarketBeat.com's FREE daily email newsletter.