1,140 Shares in The Gabelli Dividend & Income Trust (NYSE:GDV) Acquired by Jones Financial Companies Lllp

Jones Financial Companies Lllp purchased a new stake in shares of The Gabelli Dividend & Income Trust (NYSE:GDV) during the fourth quarter, Holdings Channel.com reports. The firm purchased 1,140 shares of the financial services provider’s stock, valued at approximately $28,000.

A number of other large investors have also made changes to their positions in GDV. Capstone Investment Advisors LLC acquired a new stake in shares of The Gabelli Dividend & Income Trust during the third quarter valued at approximately $3,138,000. Hennion & Walsh Asset Management Inc. acquired a new stake in shares of The Gabelli Dividend & Income Trust during the fourth quarter valued at approximately $278,000. MGB Wealth Management LLC acquired a new stake in shares of The Gabelli Dividend & Income Trust during the third quarter valued at approximately $209,000. Sanctuary Advisors LLC raised its holdings in shares of The Gabelli Dividend & Income Trust by 5.8% during the third quarter. Sanctuary Advisors LLC now owns 154,454 shares of the financial services provider’s stock valued at $3,863,000 after acquiring an additional 8,457 shares during the period. Finally, Wilmington Savings Fund Society FSB acquired a new stake in shares of The Gabelli Dividend & Income Trust during the third quarter valued at approximately $180,000.

Insiders Place Their Bets

In other news, insider Mario J. Gabelli acquired 2,300 shares of The Gabelli Dividend & Income Trust stock in a transaction dated Friday, January 17th. The stock was acquired at an average cost of $24.83 per share, for a total transaction of $57,109.00. Following the completion of the purchase, the insider now owns 145,812 shares of the company’s stock, valued at $3,620,511.96. This represents a 1.60 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link.

The Gabelli Dividend & Income Trust Stock Up 1.0 %

Shares of GDV opened at $24.20 on Thursday. The company’s 50 day moving average price is $24.66 and its 200 day moving average price is $24.56. The Gabelli Dividend & Income Trust has a 52 week low of $21.44 and a 52 week high of $25.67.

The Gabelli Dividend & Income Trust Dividend Announcement

The firm also recently announced a dividend, which will be paid on Wednesday, April 23rd. Shareholders of record on Tuesday, April 15th will be given a $0.14 dividend. The ex-dividend date is Tuesday, April 15th.

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.