Mercer Global Advisors Inc. ADV Acquires 615 Shares of The Gabelli Dividend & Income Trust (NYSE:GDV)

Mercer Global Advisors Inc. ADV boosted its holdings in The Gabelli Dividend & Income Trust (NYSE:GDV) by 1.0% during the second quarter, Holdings Channel.com reports. The firm owned 64,662 shares of the financial services provider’s stock after acquiring an additional 615 shares during the quarter. Mercer Global Advisors Inc. ADV’s holdings in The Gabelli Dividend & Income Trust were worth $1,468,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Cornerstone Advisors LLC boosted its position in shares of The Gabelli Dividend & Income Trust by 17.0% in the 2nd quarter. Cornerstone Advisors LLC now owns 1,649,457 shares of the financial services provider’s stock worth $37,459,000 after purchasing an additional 239,758 shares in the last quarter. City of London Investment Management Co. Ltd. boosted its holdings in The Gabelli Dividend & Income Trust by 18.3% in the second quarter. City of London Investment Management Co. Ltd. now owns 64,826 shares of the financial services provider’s stock worth $1,472,000 after acquiring an additional 10,024 shares in the last quarter. Envestnet Asset Management Inc. grew 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 worth $2,315,000 after acquiring an additional 721 shares during the last quarter. Wetzel Investment Advisors Inc. bought a new position in shares of The Gabelli Dividend & Income Trust during the second quarter valued at $71,000. Finally, Private Advisor Group LLC raised its position in shares of The Gabelli Dividend & Income Trust by 746.7% in the 2nd quarter. Private Advisor Group LLC now owns 163,406 shares of the financial services provider’s stock worth $3,711,000 after purchasing an additional 144,107 shares during the last quarter.

Insider Activity

In other news, insider Mario J. Gabelli purchased 3,280 shares of The Gabelli Dividend & Income Trust stock in a transaction that occurred on Friday, August 2nd. The stock was bought at an average price of $22.91 per share, with a total value of $75,144.80. Following the completion of the transaction, the insider now directly owns 142,592 shares of the company’s stock, valued at $3,266,782.72. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

The Gabelli Dividend & Income Trust Trading Down 0.3 %

Shares of The Gabelli Dividend & Income Trust stock opened at $24.36 on Wednesday. The Gabelli Dividend & Income Trust has a 1 year low of $18.04 and a 1 year high of $24.49. The firm’s 50-day moving average is $23.52 and its 200 day moving average is $22.88.

The Gabelli Dividend & Income Trust Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Thursday, October 24th. Stockholders of record on Thursday, October 17th will be paid a $0.11 dividend. The ex-dividend date of this dividend is Thursday, October 17th. This represents a $1.32 annualized dividend and a dividend yield of 5.42%.

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.