1,313,764 Shares in The Gabelli Dividend & Income Trust (NYSE:GDV) Bought by Raymond James Financial Inc.

Raymond James Financial Inc. purchased a new position in shares of The Gabelli Dividend & Income Trust (NYSE:GDV) in the 4th quarter, HoldingsChannel reports. The institutional investor purchased 1,313,764 shares of the financial services provider’s stock, valued at approximately $31,727,000.

Several other hedge funds have also recently modified their holdings of GDV. Jones Financial Companies Lllp acquired a new stake in shares of The Gabelli Dividend & Income Trust during the fourth quarter worth $28,000. IFP Advisors Inc raised its position in The Gabelli Dividend & Income Trust by 1,425.3% in the fourth quarter. IFP Advisors Inc now owns 1,205 shares of the financial services provider’s stock worth $29,000 after acquiring an additional 1,126 shares in the last quarter. US Bancorp DE purchased a new position in The Gabelli Dividend & Income Trust in the fourth quarter worth $39,000. TD Private Client Wealth LLC purchased a new position in The Gabelli Dividend & Income Trust in the third quarter worth $78,000. Finally, Larson Financial Group LLC raised its position in The Gabelli Dividend & Income Trust by 233.3% in the third quarter. Larson Financial Group LLC now owns 4,000 shares of the financial services provider’s stock worth $98,000 after acquiring an additional 2,800 shares in the last quarter.

The Gabelli Dividend & Income Trust Stock Performance

Shares of GDV stock opened at $23.49 on Friday. The Gabelli Dividend & Income Trust has a fifty-two week low of $21.44 and a fifty-two week high of $25.67. The business has a fifty day simple moving average of $24.69 and a 200-day simple moving average of $24.56.

The Gabelli Dividend & Income Trust Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Monday, June 23rd. Investors of record on Friday, June 13th will be given a dividend of $0.14 per share. This represents a $1.68 dividend on an annualized basis and a yield of 7.15%. The ex-dividend date is Friday, June 13th.

Insider Buying and Selling

In other The Gabelli Dividend & Income Trust news, insider Mario J. Gabelli purchased 2,300 shares of the firm’s stock in a transaction on Friday, January 17th. The shares were purchased at an average cost of $24.83 per share, with a total value of $57,109.00. Following the purchase, the insider now owns 145,812 shares in the company, valued at approximately $3,620,511.96. This represents a 1.60 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link.

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.