Raymond James & Associates Has $16.74 Million Stock Holdings in The Gabelli Dividend & Income Trust (NYSE:GDV)

Raymond James & Associates trimmed its holdings in shares of The Gabelli Dividend & Income Trust (NYSE:GDV) by 1.5% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 684,807 shares of the financial services provider’s stock after selling 10,107 shares during the period. Raymond James & Associates’ holdings in The Gabelli Dividend & Income Trust were worth $16,744,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. 180 Wealth Advisors LLC lifted its stake in The Gabelli Dividend & Income Trust by 5.7% in the 2nd quarter. 180 Wealth Advisors LLC now owns 40,508 shares of the financial services provider’s stock valued at $937,000 after purchasing an additional 2,190 shares during the last quarter. Brookstone Capital Management acquired a new stake in The Gabelli Dividend & Income Trust in the 1st quarter valued at about $343,000. Blue Bell Private Wealth Management LLC lifted its stake in The Gabelli Dividend & Income Trust by 1.3% in the 2nd quarter. Blue Bell Private Wealth Management LLC now owns 80,660 shares of the financial services provider’s stock valued at $1,832,000 after purchasing an additional 1,067 shares during the last quarter. Janney Montgomery Scott LLC lifted its stake in The Gabelli Dividend & Income Trust by 14.1% in the 1st quarter. Janney Montgomery Scott LLC now owns 47,269 shares of the financial services provider’s stock valued at $1,086,000 after purchasing an additional 5,834 shares during the last quarter. Finally, Envestnet Asset Management Inc. lifted its stake in The Gabelli Dividend & Income Trust by 0.7% in the 2nd quarter. Envestnet Asset Management Inc. now owns 101,952 shares of the financial services provider’s stock valued at $2,315,000 after purchasing an additional 721 shares during the last quarter.

The Gabelli Dividend & Income Trust Trading Down 0.6 %

Shares of NYSE:GDV opened at $24.31 on Friday. The Gabelli Dividend & Income Trust has a 52-week low of $18.04 and a 52-week high of $24.99. The company has a 50-day simple moving average of $24.15 and a 200 day simple moving average of $23.18.

The Gabelli Dividend & Income Trust Dividend Announcement

The company also recently announced a dividend, which was paid on Thursday, October 24th. Investors of record on Friday, October 18th were paid a $0.11 dividend. The ex-dividend date of this dividend was Thursday, October 17th. This represents a yield of 5.32%.

Insiders Place Their Bets

In related news, insider Mario J. Gabelli acquired 2,000 shares of the business’s stock in a transaction on Tuesday, October 15th. The stock was purchased at an average cost of $24.90 per share, for a total transaction 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. The trade was a 0.00 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, insider Mario J. Gabelli acquired 3,280 shares of the business’s stock in a transaction on Friday, August 2nd. The stock was purchased at an average cost of $22.91 per share, for a total transaction of $75,144.80. Following the completion of the transaction, the insider now directly owns 142,592 shares of the company’s stock, valued at approximately $3,266,782.72. The trade was a 0.00 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Mario J. Gabelli acquired 2,000 shares of the business’s stock in a transaction on Tuesday, October 15th. The shares were bought at an average price 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. The trade was a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders purchased 3,138,000 shares of company stock worth $31,460,778 over the last three months.

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.