Dakota Wealth Management Buys 2,295 Shares of The Gabelli Dividend & Income Trust (NYSE:GDV)

Dakota Wealth Management increased its stake in shares of The Gabelli Dividend & Income Trust (NYSE:GDV) by 6.9% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 35,425 shares of the financial services provider’s stock after acquiring an additional 2,295 shares during the quarter. Dakota Wealth Management’s holdings in The Gabelli Dividend & Income Trust were worth $866,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. 180 Wealth Advisors LLC raised its stake in The Gabelli Dividend & Income Trust by 5.7% during the second 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 in the last quarter. Brookstone Capital Management purchased a new stake in The Gabelli Dividend & Income Trust during the first quarter valued at $343,000. Blue Bell Private Wealth Management LLC raised its stake in The Gabelli Dividend & Income Trust by 1.3% during the second 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 in the last quarter. Janney Montgomery Scott LLC raised its stake in The Gabelli Dividend & Income Trust by 14.1% during the first 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 in the last quarter. Finally, Envestnet Asset Management Inc. raised its stake in shares of The Gabelli Dividend & Income Trust by 0.7% in the second quarter. Envestnet Asset Management Inc. now owns 101,952 shares of the financial services provider’s stock valued at $2,315,000 after acquiring an additional 721 shares during the period.

Insider Activity

In other news, insider Mario J. Gabelli bought 3,280 shares of The Gabelli Dividend & Income Trust stock in a transaction dated Friday, August 2nd. The shares were acquired at an average price of $22.91 per share, with a total value of $75,144.80. Following the completion of the purchase, the insider now owns 142,592 shares in the company, valued at $3,266,782.72. The trade was a 0.00 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, insider Mario J. Gabelli bought 3,280 shares of The Gabelli Dividend & Income Trust stock in a transaction dated Friday, August 2nd. The shares were acquired at an average price of $22.91 per share, with a total value of $75,144.80. Following the completion of the purchase, the insider now owns 142,592 shares in the company, valued at $3,266,782.72. The trade was a 0.00 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Mario J. Gabelli purchased 2,000 shares of The Gabelli Dividend & Income Trust stock in a transaction that occurred on Tuesday, October 15th. The stock was bought at an average cost of $24.90 per share, for a total transaction of $49,800.00. Following the purchase, the insider now directly owns 10,000 shares in the company, valued at $249,000. This trade represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last quarter, insiders have bought 3,138,000 shares of company stock valued at $31,460,778.

The Gabelli Dividend & Income Trust Price Performance

Shares of GDV opened at $24.31 on Monday. The Gabelli Dividend & Income Trust has a twelve month low of $18.04 and a twelve month high of $24.99. The company’s fifty day simple moving average is $24.15 and its 200-day simple moving average is $23.19.

The Gabelli Dividend & Income Trust Announces Dividend

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