Stolper Co Lowers Stock Holdings in The Gabelli Dividend & Income Trust (NYSE:GDV)

Stolper Co reduced its stake in The Gabelli Dividend & Income Trust (NYSE:GDV) by 1.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 40,547 shares of the financial services provider’s stock after selling 615 shares during the period. Stolper Co’s holdings in The Gabelli Dividend & Income Trust were worth $979,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the stock. TD Private Client Wealth LLC bought a new position in The Gabelli Dividend & Income Trust in the third quarter worth approximately $78,000. Larson Financial Group LLC lifted 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 buying an additional 2,800 shares during the period. CWM LLC grew its position in shares of The Gabelli Dividend & Income Trust by 11.6% during the 3rd quarter. CWM LLC now owns 5,227 shares of the financial services provider’s stock worth $128,000 after buying an additional 545 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new position in shares of The Gabelli Dividend & Income Trust during the 3rd quarter worth $180,000. Finally, Axxcess Wealth Management LLC purchased a new position in shares of The Gabelli Dividend & Income Trust during the third quarter valued at $203,000.

The Gabelli Dividend & Income Trust Stock Up 1.8 %

NYSE:GDV opened at $24.63 on Thursday. The Gabelli Dividend & Income Trust has a 1-year low of $20.93 and a 1-year high of $25.67. The company has a 50-day moving average of $24.73 and a 200 day moving average of $24.10.

The Gabelli Dividend & Income Trust Announces Dividend

The firm also recently declared a dividend, which will be paid on Friday, January 24th. Stockholders of record on Friday, January 17th will be given a $0.14 dividend. The ex-dividend date is Thursday, January 16th. This represents a dividend yield of 6.84%.

The Gabelli Dividend & Income Trust Profile

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.