The Gabelli Dividend & Income Trust (NYSE:GDV) Shares Sold by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC trimmed its position in The Gabelli Dividend & Income Trust (NYSE:GDV) by 5.8% in the first quarter, Holdings Channel reports. The firm owned 159,234 shares of the financial services provider’s stock after selling 9,752 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in The Gabelli Dividend & Income Trust were worth $3,659,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Benjamin F. Edwards & Company Inc. grew its position in shares of The Gabelli Dividend & Income Trust by 40.0% in the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 2,100 shares of the financial services provider’s stock worth $45,000 after acquiring an additional 600 shares in the last quarter. Bogart Wealth LLC boosted its holdings in The Gabelli Dividend & Income Trust by 31.4% in the fourth quarter. Bogart Wealth LLC now owns 4,184 shares of the financial services provider’s stock worth $91,000 after purchasing an additional 1,000 shares during the period. CWM LLC increased its stake in The Gabelli Dividend & Income Trust by 223.5% during the fourth quarter. CWM LLC now owns 4,633 shares of the financial services provider’s stock valued at $100,000 after purchasing an additional 3,201 shares during the last quarter. Vima LLC acquired a new stake in shares of The Gabelli Dividend & Income Trust during the fourth quarter worth $132,000. Finally, SMH Capital Advisors Inc. bought a new position in shares of The Gabelli Dividend & Income Trust in the 4th quarter worth about $209,000.

The Gabelli Dividend & Income Trust Stock Up 0.4 %

Shares of NYSE:GDV opened at $22.73 on Wednesday. The Gabelli Dividend & Income Trust has a fifty-two week low of $18.04 and a fifty-two week high of $23.05. The firm has a 50-day simple moving average of $22.52 and a 200 day simple moving average of $22.15.

The Gabelli Dividend & Income Trust Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, July 24th. Investors of record on Wednesday, July 17th will be given a dividend of $0.11 per share. The ex-dividend date of this dividend is Wednesday, July 17th. This represents a $1.32 dividend on an annualized basis and a yield of 5.81%.

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.