Stratos Wealth Partners LTD. boosted its stake in The Gabelli Dividend & Income Trust (NYSE:GDV) by 3.5% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 12,537 shares of the financial services provider’s stock after buying an additional 420 shares during the period. Stratos Wealth Partners LTD.’s holdings in The Gabelli Dividend & Income Trust were worth $274,000 at the end of the most recent reporting period.

Separately, Janney Montgomery Scott LLC boosted its position in The Gabelli Dividend & Income Trust by 3.2% in the second quarter. Janney Montgomery Scott LLC now owns 51,944 shares of the financial services provider’s stock valued at $1,133,000 after buying an additional 1,632 shares in the last quarter.

The Gabelli Dividend & Income Trust (NYSE:GDV) opened at 21.33 on Friday. The stock’s 50 day moving average price is $22.08 and its 200 day moving average price is $21.35. The Gabelli Dividend & Income Trust has a 52-week low of $18.00 and a 52-week high of $22.47.

The business also recently declared a monthly dividend, which will be paid on Thursday, August 24th. Shareholders of record on Thursday, August 17th will be paid a dividend of $0.11 per share. The ex-dividend date is Tuesday, August 15th. This represents a $1.32 dividend on an annualized basis and a yield of 6.19%.

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Separately, Stifel Nicolaus cut The Gabelli Dividend & Income Trust from a “buy” rating to a “hold” rating in a research report on Monday, June 26th.

About The Gabelli Dividend & Income Trust

The Gabelli Dividend & Income Trust (the Fund) is a diversified, closed-end management investment company. The Fund’s investment objective is to provide a level of total return on its assets with an emphasis on dividends and income. The Fund invests at least 80% of its assets in dividend paying securities, such as common and preferred stock or other income producing securities, such as fixed income debt securities and securities that are convertible into equity securities.

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Institutional Ownership by Quarter for The Gabelli Dividend & Income Trust (NYSE:GDV)

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