Private Wealth Partners LLC Sells 12,300 Shares of The Gabelli Dividend & Income Trust (NYSE:GDV)

Private Wealth Partners LLC trimmed its stake in shares of The Gabelli Dividend & Income Trust (NYSE:GDV) by 8.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 125,909 shares of the financial services provider’s stock after selling 12,300 shares during the quarter. Private Wealth Partners LLC’s holdings in The Gabelli Dividend & Income Trust were worth $3,041,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also bought and sold shares of the company. TD Private Client Wealth LLC bought a new position in shares of The Gabelli Dividend & Income Trust in the third quarter worth approximately $78,000. Larson Financial Group LLC boosted its position in The Gabelli Dividend & Income Trust by 233.3% during the 3rd quarter. Larson Financial Group LLC now owns 4,000 shares of the financial services provider’s stock valued at $98,000 after buying an additional 2,800 shares during the period. CWM LLC grew its holdings in The Gabelli Dividend & Income Trust by 11.6% in the 3rd quarter. CWM LLC now owns 5,227 shares of the financial services provider’s stock worth $128,000 after acquiring an additional 545 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new position in shares of The Gabelli Dividend & Income Trust in the third quarter valued at about $180,000. Finally, Axxcess Wealth Management LLC bought a new position in shares of The Gabelli Dividend & Income Trust during the third quarter valued at about $203,000.

The Gabelli Dividend & Income Trust Price Performance

NYSE GDV opened at $25.29 on Thursday. The Gabelli Dividend & Income Trust has a 1 year low of $21.44 and a 1 year high of $25.67. The business’s 50-day moving average is $24.69 and its 200 day moving average is $24.42.

The Gabelli Dividend & Income Trust Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Monday, June 23rd. Stockholders of record on Friday, June 13th will be given a $0.14 dividend. The ex-dividend date is Friday, June 13th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 6.64%.

Insider Activity

In related news, insider Mario J. Gabelli bought 2,300 shares of the company’s stock in a transaction dated Friday, January 17th. The stock was purchased at an average cost of $24.83 per share, with a total value of $57,109.00. Following the transaction, the insider now owns 145,812 shares in the company, valued at approximately $3,620,511.96. This trade represents a 1.60 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

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.