The Gabelli Dividend & Income Trust (NYSE:GDV) Shares Sold by NBC Securities Inc.

NBC Securities Inc. trimmed its stake in shares of The Gabelli Dividend & Income Trust (NYSE:GDV) by 15.2% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,521 shares of the financial services provider’s stock after selling 987 shares during the quarter. NBC Securities Inc.’s holdings in The Gabelli Dividend & Income Trust were worth $134,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of GDV. Cornerstone Advisors LLC raised its stake in shares of 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 purchasing an additional 239,758 shares during the last quarter. Raymond James Financial Services Advisors Inc. lifted its stake in shares of The Gabelli Dividend & Income Trust by 1.9% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 577,528 shares of the financial services provider’s stock worth $13,116,000 after acquiring an additional 10,944 shares during the period. Logan Stone Capital LLC boosted its holdings 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 acquiring an additional 37,363 shares in the last quarter. Cambridge Investment Research Advisors Inc. increased its stake in shares of The Gabelli Dividend & Income Trust by 21.4% during the second quarter. Cambridge Investment Research Advisors Inc. now owns 184,946 shares of the financial services provider’s stock worth $4,200,000 after acquiring an additional 32,553 shares during the period. Finally, Private Advisor Group LLC raised its holdings 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 purchasing an additional 144,107 shares in the last quarter.

The Gabelli Dividend & Income Trust Stock Performance

Shares of NYSE:GDV opened at $24.90 on Friday. The Gabelli Dividend & Income Trust has a 52 week low of $18.04 and a 52 week high of $24.99. The company has a 50-day moving average price of $24.01 and a 200 day moving average price of $23.12.

The Gabelli Dividend & Income Trust Announces Dividend

The firm also recently declared a dividend, which will be paid on Thursday, October 24th. Stockholders of record on Friday, October 18th will be issued a $0.11 dividend. The ex-dividend date of this dividend is Thursday, October 17th. This represents a dividend yield of 5.32%.

Insider Activity at The Gabelli Dividend & Income Trust

In other The Gabelli Dividend & Income Trust news, insider Mario J. Gabelli acquired 3,131,500 shares of the business’s stock in a transaction on Friday, October 11th. The stock was purchased at an average price of $10.00 per share, for a total transaction of $31,315,000.00. Following the completion of the transaction, the insider now owns 3,131,500 shares of the company’s stock, valued at $31,315,000. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, insider Mario J. Gabelli acquired 3,280 shares of The Gabelli Dividend & Income Trust stock in a transaction that occurred on Friday, August 2nd. The stock was purchased at an average cost of $22.91 per share, with a total value of $75,144.80. Following the completion of the acquisition, the insider now owns 142,592 shares in the company, valued at $3,266,782.72. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Mario J. Gabelli bought 3,131,500 shares of the firm’s stock in a transaction on Friday, October 11th. The shares were purchased at an average price of $10.00 per share, for a total transaction of $31,315,000.00. Following the completion of the transaction, the insider now owns 3,131,500 shares of the company’s stock, valued at $31,315,000. The disclosure for this purchase can be found here. Insiders have acquired a total of 3,138,000 shares of company stock worth $31,460,778 over the last three months.

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.