PNC Financial Services Group Inc. Boosts Stock Holdings in The Gabelli Dividend & Income Trust (NYSE:GDV)

PNC Financial Services Group Inc. grew its position in shares of The Gabelli Dividend & Income Trust (NYSE:GDV) by 18.9% during the fourth quarter, Holdings Channel.com reports. The fund owned 53,057 shares of the financial services provider’s stock after purchasing an additional 8,432 shares during the quarter. PNC Financial Services Group Inc.’s holdings in The Gabelli Dividend & Income Trust were worth $1,281,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the business. Raymond James Financial Inc. bought a new stake in shares of The Gabelli Dividend & Income Trust during the 4th quarter worth $31,727,000. Steward Partners Investment Advisory LLC raised its stake in shares of The Gabelli Dividend & Income Trust by 3.4% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 296,786 shares of the financial services provider’s stock worth $7,167,000 after purchasing an additional 9,779 shares during the period. Private Advisor Group LLC raised its stake in shares of The Gabelli Dividend & Income Trust by 3.7% during the 4th quarter. Private Advisor Group LLC now owns 174,365 shares of the financial services provider’s stock worth $4,211,000 after purchasing an additional 6,270 shares during the period. Sanctuary Advisors LLC raised its stake in shares of The Gabelli Dividend & Income Trust by 1.4% during the 4th quarter. Sanctuary Advisors LLC now owns 156,670 shares of the financial services provider’s stock worth $3,951,000 after purchasing an additional 2,216 shares during the period. Finally, Oppenheimer & Co. Inc. raised its stake in shares of The Gabelli Dividend & Income Trust by 3.1% during the 4th quarter. Oppenheimer & Co. Inc. now owns 138,506 shares of the financial services provider’s stock worth $3,345,000 after purchasing an additional 4,162 shares during the period.

Insider Activity at The Gabelli Dividend & Income Trust

In other news, insider Mario J. Gabelli acquired 2,300 shares of the stock in a transaction that occurred on Friday, January 17th. The shares were acquired at an average cost of $24.83 per share, for a total transaction of $57,109.00. Following the purchase, the insider now owns 145,812 shares of the company’s stock, valued at approximately $3,620,511.96. The trade was a 1.60 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

The Gabelli Dividend & Income Trust Trading Up 1.7 %

NYSE GDV opened at $23.87 on Monday. The Gabelli Dividend & Income Trust has a one year low of $21.44 and a one year high of $25.67. The business’s fifty day moving average is $24.67 and its 200-day moving average is $24.56.

The Gabelli Dividend & Income Trust Announces Dividend

The company also recently disclosed a dividend, which will be paid on Wednesday, April 23rd. Investors of record on Tuesday, April 15th will be paid a $0.14 dividend. The ex-dividend date of this dividend is Tuesday, April 15th.

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.