TD Private Client Wealth LLC Buys Shares of 3,184 The Gabelli Dividend & Income Trust (NYSE:GDV)

TD Private Client Wealth LLC bought a new stake in The Gabelli Dividend & Income Trust (NYSE:GDV) in the third quarter, HoldingsChannel reports. The fund bought 3,184 shares of the financial services provider’s stock, valued at approximately $78,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Larson Financial Group LLC acquired a new position in The Gabelli Dividend & Income Trust in the second quarter valued at about $27,000. Wetzel Investment Advisors Inc. acquired a new position in The Gabelli Dividend & Income Trust in the second quarter valued at about $71,000. CWM LLC grew its stake in The Gabelli Dividend & Income Trust by 11.6% in the third quarter. CWM LLC now owns 5,227 shares of the financial services provider’s stock valued at $128,000 after acquiring an additional 545 shares during the period. Constitution Capital LLC acquired a new position in The Gabelli Dividend & Income Trust in the third quarter valued at about $203,000. Finally, Axxcess Wealth Management LLC acquired a new position in The Gabelli Dividend & Income Trust in the third quarter valued at about $203,000.

The Gabelli Dividend & Income Trust Price Performance

NYSE:GDV opened at $24.98 on Monday. The stock has a 50-day moving average price of $24.82 and a two-hundred day moving average price of $23.85. The Gabelli Dividend & Income Trust has a 1 year low of $20.93 and a 1 year high of $25.67.

The Gabelli Dividend & Income Trust Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, March 24th. Stockholders of record on Monday, March 17th will be given a dividend of $0.11 per share. The ex-dividend date of this dividend is Monday, March 17th. This represents a $1.32 annualized dividend and a dividend yield of 5.28%.

Insider Transactions at The Gabelli Dividend & Income Trust

In other news, insider Mario J. Gabelli acquired 2,000 shares of The Gabelli Dividend & Income Trust stock in a transaction dated Tuesday, October 15th. The stock was bought at an average cost of $24.90 per share, with a total value of $49,800.00. Following the completion of the transaction, the insider now directly owns 10,000 shares of the company’s stock, valued at approximately $249,000. This represents a 25.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders bought 3,134,000 shares of company stock valued at $31,369,800 over the last three months.

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.