HighTower Advisors LLC Raises Holdings in The Gabelli Dividend & Income Trust (NYSE:GDV)

HighTower Advisors LLC lifted its holdings in The Gabelli Dividend & Income Trust (NYSE:GDV) by 6.2% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 94,799 shares of the financial services provider’s stock after buying an additional 5,541 shares during the quarter. HighTower Advisors LLC’s holdings in The Gabelli Dividend & Income Trust were worth $2,320,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of GDV. International Assets Investment Management LLC boosted its position in shares of The Gabelli Dividend & Income Trust by 2,345.0% during the 3rd quarter. International Assets Investment Management LLC now owns 352,080 shares of the financial services provider’s stock worth $8,608,000 after purchasing an additional 337,680 shares in the last quarter. Cornerstone Advisors LLC lifted its stake in shares of The Gabelli Dividend & Income Trust by 17.0% in the second quarter. Cornerstone Advisors LLC now owns 1,649,457 shares of the financial services provider’s stock valued at $37,459,000 after purchasing an additional 239,758 shares during the period. Sanctuary Advisors LLC purchased a new stake in The Gabelli Dividend & Income Trust during the second quarter worth about $3,212,000. Private Advisor Group LLC grew its position in The Gabelli Dividend & Income Trust by 746.7% during the second quarter. Private Advisor Group LLC now owns 163,406 shares of the financial services provider’s stock worth $3,711,000 after buying an additional 144,107 shares during the period. Finally, Capstone Investment Advisors LLC purchased a new position in The Gabelli Dividend & Income Trust in the third quarter valued at about $3,138,000.

Insiders Place Their Bets

In other news, insider Mario J. Gabelli purchased 2,000 shares of the company’s stock in a transaction dated Tuesday, October 15th. The stock was acquired 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 directly owns 10,000 shares in the company, valued at $249,000. This represents a 25.00 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link. Over the last ninety days, insiders have bought 3,134,000 shares of company stock worth $31,369,800.

The Gabelli Dividend & Income Trust Trading Up 0.2 %

GDV stock opened at $24.98 on Friday. The firm has a 50 day moving average of $24.82 and a 200-day moving average of $23.83. The Gabelli Dividend & Income Trust has a 12-month low of $20.93 and a 12-month high of $25.67.

The Gabelli Dividend & Income Trust Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Monday, March 24th. Investors of record on Monday, March 17th will be issued a dividend of $0.11 per share. The ex-dividend date is Monday, March 17th. This represents a $1.32 annualized dividend and a yield of 5.28%.

The Gabelli Dividend & Income Trust Company 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.