International Assets Investment Management LLC Has $347,000 Holdings in The Gabelli Dividend & Income Trust (NYSE:GDV)

International Assets Investment Management LLC lessened its stake in The Gabelli Dividend & Income Trust (NYSE:GDV) by 95.9% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 14,400 shares of the financial services provider’s stock after selling 337,680 shares during the quarter. International Assets Investment Management LLC’s holdings in The Gabelli Dividend & Income Trust were worth $347,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Envestnet Asset Management Inc. increased its stake in The Gabelli Dividend & Income Trust by 0.7% during the 2nd quarter. Envestnet Asset Management Inc. now owns 101,952 shares of the financial services provider’s stock worth $2,315,000 after purchasing an additional 721 shares in the last quarter. City of London Investment Management Co. Ltd. lifted its position in The Gabelli Dividend & Income Trust by 18.3% during the 2nd 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 buying an additional 10,024 shares in the last quarter. Cornerstone Advisors LLC raised its holdings in The Gabelli Dividend & Income Trust by 17.0% during the second quarter. Cornerstone Advisors LLC now owns 1,649,457 shares of the financial services provider’s stock worth $37,459,000 after acquiring an additional 239,758 shares in the last quarter. Mercer Global Advisors Inc. ADV increased its position in shares of The Gabelli Dividend & Income Trust by 1.0% during the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 64,662 shares of the financial services provider’s stock worth $1,468,000 after purchasing an additional 615 shares during the last quarter. Finally, Logan Stone Capital LLC grew its stake in shares of The Gabelli Dividend & Income Trust by 21.8% in the second quarter. Logan Stone Capital LLC now owns 208,466 shares of the financial services provider’s stock valued at $4,734,000 after buying an additional 37,363 shares in the last quarter.

Insider Buying and Selling

In other The Gabelli Dividend & Income Trust news, insider Mario J. Gabelli purchased 2,000 shares of the firm’s stock in a transaction that occurred on Tuesday, October 15th. The shares were acquired at an average cost of $24.90 per share, for a total transaction of $49,800.00. Following the completion of the purchase, the insider now owns 10,000 shares of the company’s stock, valued at approximately $249,000. The trade was a 25.00 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

The Gabelli Dividend & Income Trust Stock Down 1.4 %

Shares of GDV stock opened at $23.95 on Friday. The firm’s 50-day moving average is $24.73 and its 200-day moving average is $24.07. The Gabelli Dividend & Income Trust has a 52-week low of $20.93 and a 52-week high of $25.67.

The Gabelli Dividend & Income Trust Increases Dividend

The business also recently disclosed a dividend, which will be paid on Friday, January 24th. Stockholders of record on Thursday, January 16th will be given 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.

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.