International Assets Investment Management LLC Purchases 337,680 Shares of The Gabelli Dividend & Income Trust (NYSE:GDV)

International Assets Investment Management LLC lifted its position in shares of The Gabelli Dividend & Income Trust (NYSE:GDVFree Report) by 2,345.0% during the third quarter, HoldingsChannel reports. The firm owned 352,080 shares of the financial services provider’s stock after buying an additional 337,680 shares during the quarter. International Assets Investment Management LLC’s holdings in The Gabelli Dividend & Income Trust were worth $8,608,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Larson Financial Group LLC acquired a new position in shares of The Gabelli Dividend & Income Trust during the 2nd quarter worth about $27,000. Bessemer Group Inc. acquired a new position in shares of The Gabelli Dividend & Income Trust during the 1st quarter worth about $33,000. Wetzel Investment Advisors Inc. acquired a new position in shares of The Gabelli Dividend & Income Trust during the 2nd quarter worth about $71,000. CWM LLC increased its stake in shares of The Gabelli Dividend & Income Trust by 11.6% during the 3rd quarter. CWM LLC now owns 5,227 shares of the financial services provider’s stock worth $128,000 after purchasing an additional 545 shares during the last quarter. Finally, Private Wealth Advisors LLC acquired a new position in shares of The Gabelli Dividend & Income Trust during the 1st quarter worth about $203,000.

Insider Buying and Selling at The Gabelli Dividend & Income Trust

In other news, insider Mario J. Gabelli purchased 3,131,500 shares of the business’s stock in a transaction dated Friday, October 11th. The stock was bought at an average price of $10.00 per share, with a total value of $31,315,000.00. Following the acquisition, the insider now owns 3,131,500 shares in the company, valued at approximately $31,315,000. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, insider Mario J. Gabelli acquired 2,000 shares of the company’s stock in a transaction that occurred on Tuesday, October 15th. The stock was acquired at an average price of $24.90 per share, with a total value of $49,800.00. Following the purchase, the insider now directly owns 10,000 shares in the company, valued at approximately $249,000. This trade represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Mario J. Gabelli purchased 3,131,500 shares of the firm’s stock in a transaction on Friday, October 11th. The stock was acquired at an average price of $10.00 per share, with a total value of $31,315,000.00. Following the completion of the transaction, the insider now owns 3,131,500 shares in the company, valued at approximately $31,315,000. The disclosure for this purchase can be found here. Insiders acquired 3,134,720 shares of company stock valued at $31,385,633 in the last quarter.

The Gabelli Dividend & Income Trust Stock Performance

The Gabelli Dividend & Income Trust stock opened at $24.04 on Friday. The Gabelli Dividend & Income Trust has a fifty-two week low of $18.37 and a fifty-two week high of $24.99. The company’s 50-day moving average is $24.20 and its 200-day moving average is $23.23.

The Gabelli Dividend & Income Trust Dividend Announcement

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

The Gabelli Dividend & Income Trust Company Profile

(Free Report)

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.

Further Reading

Want to see what other hedge funds are holding GDV? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Gabelli Dividend & Income Trust (NYSE:GDVFree Report).

Institutional Ownership by Quarter for The Gabelli Dividend & Income Trust (NYSE:GDV)

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