Sigma Planning Corp Sells 952 Shares of The Gabelli Dividend & Income Trust (NYSE:GDV)

Sigma Planning Corp trimmed its position in The Gabelli Dividend & Income Trust (NYSE:GDV) by 4.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 20,287 shares of the financial services provider’s stock after selling 952 shares during the period. Sigma Planning Corp’s holdings in The Gabelli Dividend & Income Trust were worth $496,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Larson Financial Group LLC purchased a new stake in The Gabelli Dividend & Income Trust in the second quarter worth $27,000. Bessemer Group Inc. purchased a new stake in The Gabelli Dividend & Income Trust in the first quarter worth $33,000. Wetzel Investment Advisors Inc. purchased a new stake in The Gabelli Dividend & Income Trust in the second quarter worth $71,000. CWM LLC grew its stake in The Gabelli Dividend & Income Trust by 11.6% in the third quarter. CWM LLC now owns 5,227 shares of the financial services provider’s stock worth $128,000 after purchasing an additional 545 shares during the period. Finally, Constitution Capital LLC purchased a new stake in The Gabelli Dividend & Income Trust in the third quarter worth $203,000.

Insider Transactions at The Gabelli Dividend & Income Trust

In related news, insider Mario J. Gabelli bought 2,000 shares of the business’s stock in a transaction dated Tuesday, October 15th. The shares were purchased at an average cost of $24.90 per share, with a total value of $49,800.00. Following the completion of the purchase, the insider now owns 10,000 shares in the company, valued at approximately $249,000. The trade was a 25.00 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Over the last three months, insiders have purchased 3,134,000 shares of company stock valued at $31,369,800.

The Gabelli Dividend & Income Trust Stock Down 0.2 %

Shares of GDV stock opened at $24.50 on Friday. The business’s fifty day moving average is $24.37 and its 200 day moving average is $23.44. The Gabelli Dividend & Income Trust has a twelve month low of $19.52 and a twelve month high of $25.33.

The Gabelli Dividend & Income Trust Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Friday, February 21st. Stockholders of record on Thursday, February 13th will be paid a $0.11 dividend. The ex-dividend date of this dividend is Thursday, February 13th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 5.39%.

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.