Shaker Financial Services LLC Has $391,000 Stock Position in The Gabelli Dividend & Income Trust (NYSE:GDV)

Shaker Financial Services LLC lessened its holdings in The Gabelli Dividend & Income Trust (NYSE:GDV) by 85.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 17,200 shares of the financial services provider’s stock after selling 101,822 shares during the period. Shaker Financial Services LLC’s holdings in The Gabelli Dividend & Income Trust were worth $391,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in GDV. Benjamin F. Edwards & Company Inc. increased its holdings in The Gabelli Dividend & Income Trust by 40.0% during the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 2,100 shares of the financial services provider’s stock worth $45,000 after purchasing an additional 600 shares in the last quarter. Private Advisor Group LLC grew its holdings in The Gabelli Dividend & Income Trust by 36.1% during the fourth quarter. Private Advisor Group LLC now owns 18,784 shares of the financial services provider’s stock worth $406,000 after buying an additional 4,986 shares in the last quarter. Gables Capital Management Inc. raised its position in The Gabelli Dividend & Income Trust by 11.8% in the 4th quarter. Gables Capital Management Inc. now owns 17,000 shares of the financial services provider’s stock valued at $368,000 after buying an additional 1,800 shares during the last quarter. Cornerstone Advisors LLC lifted its stake in The Gabelli Dividend & Income Trust by 29.6% during the 4th quarter. Cornerstone Advisors LLC now owns 1,234,773 shares of the financial services provider’s stock valued at $26,720,000 after acquiring an additional 282,069 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. boosted its holdings in The Gabelli Dividend & Income Trust by 0.8% during the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 147,004 shares of the financial services provider’s stock worth $3,181,000 after acquiring an additional 1,155 shares during the last quarter.

The Gabelli Dividend & Income Trust Trading Down 0.7 %

Shares of GDV stock opened at $23.74 on Friday. The firm has a 50-day moving average of $23.29 and a 200-day moving average of $22.72. The Gabelli Dividend & Income Trust has a one year low of $18.04 and a one year high of $24.09.

The Gabelli Dividend & Income Trust Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, December 20th. Shareholders of record on Friday, December 13th will be paid a $0.11 dividend. The ex-dividend date of this dividend is Friday, December 13th. This represents a $1.32 annualized dividend and a yield of 5.56%.

Insider Buying and Selling at The Gabelli Dividend & Income Trust

In other The Gabelli Dividend & Income Trust news, insider Mario J. Gabelli bought 3,280 shares of the business’s stock in a transaction dated Friday, August 2nd. The shares were purchased at an average price of $22.91 per share, for a total transaction of $75,144.80. Following the purchase, the insider now directly owns 142,592 shares of the company’s stock, valued at $3,266,782.72. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. In the last 90 days, insiders bought 4,200 shares of company stock worth $95,528.

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.