PNC Financial Services Group Inc. Purchases 6,625 Shares of The Gabelli Dividend & Income Trust (NYSE:GDV)

PNC Financial Services Group Inc. increased its position in The Gabelli Dividend & Income Trust (NYSE:GDV) by 17.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 44,625 shares of the financial services provider’s stock after purchasing an additional 6,625 shares during the period. PNC Financial Services Group Inc.’s holdings in The Gabelli Dividend & Income Trust were worth $1,091,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC raised its position in shares of The Gabelli Dividend & Income Trust by 0.3% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 159,776 shares of the financial services provider’s stock worth $3,629,000 after purchasing an additional 542 shares during the last quarter. CWM LLC raised its stake in shares of 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 worth $128,000 after purchasing an additional 545 shares during the last quarter. Brookstone Capital Management lifted its holdings in shares of The Gabelli Dividend & Income Trust by 3.7% during the second quarter. Brookstone Capital Management now owns 15,496 shares of the financial services provider’s stock valued at $368,000 after purchasing an additional 551 shares in the last quarter. Mercer Global Advisors Inc. ADV boosted its position in shares of The Gabelli Dividend & Income Trust by 1.0% during the second quarter. Mercer Global Advisors Inc. ADV now owns 64,662 shares of the financial services provider’s stock valued at $1,468,000 after buying an additional 615 shares during the last quarter. Finally, Envestnet Asset Management Inc. increased its holdings 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 worth $2,315,000 after buying an additional 721 shares in the last quarter.

Insider Activity

In related news, insider Mario J. Gabelli acquired 2,000 shares of the firm’s stock in a transaction dated Tuesday, October 15th. The shares were purchased at an average price of $24.90 per share, with a total value of $49,800.00. Following the completion of the purchase, the insider now directly owns 10,000 shares of the company’s stock, valued at $249,000. This represents a 25.00 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders acquired a total of 3,134,000 shares of company stock valued at $31,369,800 in the last 90 days.

The Gabelli Dividend & Income Trust Price Performance

Shares of NYSE:GDV opened at $25.30 on Thursday. The business has a 50-day simple moving average of $24.54 and a two-hundred day simple moving average of $23.60. The Gabelli Dividend & Income Trust has a fifty-two week low of $20.20 and a fifty-two week high of $25.39.

The Gabelli Dividend & Income Trust Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Monday, March 24th. Stockholders of record on Monday, March 17th will be paid a dividend of $0.11 per share. This represents a $1.32 annualized dividend and a dividend yield of 5.22%. The ex-dividend date is Monday, March 17th.

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.