Commonwealth Equity Services LLC Sells 7,107 Shares of The Gabelli Dividend & Income Trust (NYSE:GDV)

Commonwealth Equity Services LLC lessened its stake in shares of The Gabelli Dividend & Income Trust (NYSE:GDV) by 8.3% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 78,043 shares of the financial services provider’s stock after selling 7,107 shares during the period. Commonwealth Equity Services LLC’s holdings in The Gabelli Dividend & Income Trust were worth $1,793,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Cambridge Investment Research Advisors Inc. lifted its position in The Gabelli Dividend & Income Trust by 3.7% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 152,393 shares of the financial services provider’s stock worth $3,502,000 after purchasing an additional 5,389 shares during the period. Blue Bell Private Wealth Management LLC grew its position in shares of The Gabelli Dividend & Income Trust by 14.7% in the 1st quarter. Blue Bell Private Wealth Management LLC now owns 79,593 shares of the financial services provider’s stock valued at $1,829,000 after purchasing an additional 10,187 shares during the period. PFG Investments LLC bought a new stake in The Gabelli Dividend & Income Trust in the 1st quarter valued at approximately $668,000. Raymond James & Associates lifted its stake in The Gabelli Dividend & Income Trust by 1.3% in the 1st quarter. Raymond James & Associates now owns 908,239 shares of the financial services provider’s stock valued at $20,871,000 after acquiring an additional 11,538 shares in the last quarter. Finally, 180 Wealth Advisors LLC raised its stake in shares of The Gabelli Dividend & Income Trust by 14.9% during the 1st quarter. 180 Wealth Advisors LLC now owns 38,318 shares of the financial services provider’s stock worth $881,000 after purchasing an additional 4,975 shares in the last quarter.

The Gabelli Dividend & Income Trust Trading Up 0.5 %

Shares of The Gabelli Dividend & Income Trust stock opened at $22.94 on Friday. The Gabelli Dividend & Income Trust has a 12-month low of $18.04 and a 12-month high of $23.05. The business’s 50 day moving average is $22.57 and its 200-day moving average is $22.17.

The Gabelli Dividend & Income Trust Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Wednesday, July 24th. Investors of record on Wednesday, July 17th will be issued a dividend of $0.11 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 5.75%. The ex-dividend date of this dividend is Wednesday, July 17th.

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.