Axxcess Wealth Management LLC Takes $203,000 Position in The Gabelli Dividend & Income Trust (NYSE:GDV)

Axxcess Wealth Management LLC acquired a new stake in The Gabelli Dividend & Income Trust (NYSE:GDV) during the third quarter, Holdings Channel reports. The institutional investor acquired 8,282 shares of the financial services provider’s stock, valued at approximately $203,000.

Other hedge funds have also modified their holdings of the company. Cornerstone Advisors LLC grew its holdings in The Gabelli Dividend & Income Trust by 17.0% during the second quarter. Cornerstone Advisors LLC now owns 1,649,457 shares of the financial services provider’s stock worth $37,459,000 after acquiring an additional 239,758 shares during the period. Raymond James Financial Services Advisors Inc. grew its holdings in The Gabelli Dividend & Income Trust by 1.9% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 577,528 shares of the financial services provider’s stock worth $13,116,000 after acquiring an additional 10,944 shares during the period. International Assets Investment Management LLC grew its holdings in The Gabelli Dividend & Income Trust by 2,345.0% during the third quarter. International Assets Investment Management LLC now owns 352,080 shares of the financial services provider’s stock worth $8,608,000 after acquiring an additional 337,680 shares during the period. Logan Stone Capital LLC grew its holdings in The Gabelli Dividend & Income Trust by 21.8% during the second quarter. Logan Stone Capital LLC now owns 208,466 shares of the financial services provider’s stock worth $4,734,000 after acquiring an additional 37,363 shares during the period. Finally, Cambridge Investment Research Advisors Inc. grew its holdings in The Gabelli Dividend & Income Trust by 21.4% during the second quarter. Cambridge Investment Research Advisors Inc. now owns 184,946 shares of the financial services provider’s stock worth $4,200,000 after acquiring an additional 32,553 shares during the period.

The Gabelli Dividend & Income Trust Stock Down 1.0 %

The Gabelli Dividend & Income Trust stock opened at $24.55 on Friday. The Gabelli Dividend & Income Trust has a 52 week low of $19.52 and a 52 week high of $25.33. The business’s 50-day moving average price is $24.35 and its 200 day moving average price is $23.43.

The Gabelli Dividend & Income Trust Dividend Announcement

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

Insider Buying and Selling at The Gabelli Dividend & Income Trust

In other The Gabelli Dividend & Income Trust news, insider Mario J. Gabelli acquired 2,000 shares of the company’s stock in a transaction on Tuesday, October 15th. The shares were bought at an average cost of $24.90 per share, with a total value of $49,800.00. Following the completion of the acquisition, the insider now owns 10,000 shares in the company, valued at approximately $249,000. This trade 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 available through this link. Over the last three months, insiders have acquired 3,134,000 shares of company stock valued at $31,369,800.

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.