Rpo LLC Has $1.02 Million Holdings in The Gabelli Dividend & Income Trust (NYSE:GDV)

Rpo LLC lessened its position in The Gabelli Dividend & Income Trust (NYSE:GDV) by 75.9% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 41,778 shares of the financial services provider’s stock after selling 131,683 shares during the period. The Gabelli Dividend & Income Trust accounts for 0.8% of Rpo LLC’s investment portfolio, making the stock its 9th biggest position. Rpo LLC’s holdings in The Gabelli Dividend & Income Trust were worth $1,021,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Larson Financial Group LLC purchased a new stake in The Gabelli Dividend & Income Trust in the second quarter worth $27,000. Bessemer Group Inc. bought a new stake in shares of The Gabelli Dividend & Income Trust during the 1st quarter valued at about $33,000. Wetzel Investment Advisors Inc. bought a new stake in shares of The Gabelli Dividend & Income Trust during the 2nd quarter valued at about $71,000. CWM LLC increased its position in shares of The Gabelli Dividend & Income Trust by 11.6% during the third quarter. CWM LLC now owns 5,227 shares of the financial services provider’s stock valued at $128,000 after buying an additional 545 shares during the period. Finally, Constitution Capital LLC bought a new position in The Gabelli Dividend & Income Trust in the third quarter worth about $203,000.

Insiders Place Their Bets

In other The Gabelli Dividend & Income Trust news, insider Mario J. Gabelli bought 2,000 shares of the company’s stock in a transaction dated Tuesday, October 15th. The shares were purchased at an average price of $24.90 per share, for a total transaction of $49,800.00. Following the acquisition, the insider now owns 10,000 shares in the company, valued at approximately $249,000. This represents a 25.00 % increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Over the last 90 days, insiders bought 3,134,000 shares of company stock worth $31,369,800.

The Gabelli Dividend & Income Trust Stock Down 0.3 %

The Gabelli Dividend & Income Trust stock opened at $24.61 on Wednesday. The Gabelli Dividend & Income Trust has a fifty-two week low of $19.68 and a fifty-two week high of $25.33. The stock’s 50 day simple moving average is $24.42 and its two-hundred day simple moving average is $23.51.

The Gabelli Dividend & Income Trust Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Monday, March 24th. Investors of record on Monday, March 17th will be paid a $0.11 dividend. The ex-dividend date of this dividend is Monday, March 17th. This represents a $1.32 annualized dividend and a yield of 5.36%.

The Gabelli Dividend & Income Trust Company 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.