MML Investors Services LLC Buys 488 Shares of The Gabelli Dividend & Income Trust (NYSE:GDV)

MML Investors Services LLC grew its holdings in shares of The Gabelli Dividend & Income Trust (NYSE:GDV) by 3.6% in the third quarter, Holdings Channel reports. The institutional investor owned 14,212 shares of the financial services provider’s stock after acquiring an additional 488 shares during the period. MML Investors Services LLC’s holdings in The Gabelli Dividend & Income Trust were worth $347,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Larson Financial Group LLC bought a new stake in The Gabelli Dividend & Income Trust during the 2nd quarter worth approximately $27,000. Wetzel Investment Advisors Inc. bought a new stake in The Gabelli Dividend & Income Trust during the second quarter worth $71,000. CWM LLC grew its holdings in The Gabelli Dividend & Income Trust by 11.6% during the third quarter. CWM LLC now owns 5,227 shares of the financial services provider’s stock worth $128,000 after buying an additional 545 shares in the last quarter. Constitution Capital LLC purchased a new stake in The Gabelli Dividend & Income Trust in the 3rd quarter valued at $203,000. Finally, Axxcess Wealth Management LLC bought a new position in The Gabelli Dividend & Income Trust during the 3rd quarter valued at $203,000.

Insider Activity at The Gabelli Dividend & Income Trust

In related news, 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 price of $24.90 per share, for a total transaction of $49,800.00. Following the completion of the transaction, the insider now owns 10,000 shares in the company, valued at $249,000. This represents a 25.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Over the last three months, insiders acquired 3,134,000 shares of company stock valued at $31,369,800.

The Gabelli Dividend & Income Trust Trading Up 0.8 %

Shares of GDV stock opened at $24.48 on Wednesday. The Gabelli Dividend & Income Trust has a one year low of $20.93 and a one year high of $25.67. The firm has a 50-day moving average of $24.79 and a 200-day moving average of $23.93.

The Gabelli Dividend & Income Trust Increases Dividend

The firm also recently announced a dividend, which will be paid on Friday, January 24th. Stockholders of record on Thursday, January 16th will be issued a $0.14 dividend. The ex-dividend date is Thursday, January 16th. This is a positive change from The Gabelli Dividend & Income Trust’s previous dividend of $0.11.

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.