Indivisible Partners Acquires Shares of 17,692 The Gabelli Dividend & Income Trust $GDV

Indivisible Partners acquired a new stake in The Gabelli Dividend & Income Trust (NYSE:GDV) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 17,692 shares of the financial services provider’s stock, valued at approximately $491,000.

Other hedge funds also recently bought and sold shares of the company. PMG Family Office LLC bought a new position in The Gabelli Dividend & Income Trust in the 3rd quarter valued at $511,000. Hennion & Walsh Asset Management Inc. grew its position in The Gabelli Dividend & Income Trust by 38.3% in the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 102,053 shares of the financial services provider’s stock valued at $2,834,000 after acquiring an additional 28,278 shares during the last quarter. Shaker Financial Services LLC grew its position in The Gabelli Dividend & Income Trust by 113.4% in the 4th quarter. Shaker Financial Services LLC now owns 73,792 shares of the financial services provider’s stock valued at $2,049,000 after acquiring an additional 39,211 shares during the last quarter. Community Bank N.A. bought a new position in The Gabelli Dividend & Income Trust in the 3rd quarter valued at $27,000. Finally, Compound Planning Inc. bought a new position in The Gabelli Dividend & Income Trust in the 3rd quarter valued at $408,000.

Insider Buying and Selling at The Gabelli Dividend & Income Trust

In other news, insider Mario J. Gabelli bought 4,500 shares of the stock in a transaction on Tuesday, February 17th. The stock was acquired at an average cost of $29.09 per share, for a total transaction of $130,905.00. Following the acquisition, the insider owned 25,000 shares of the company’s stock, valued at $727,250. This represents a 21.95% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

The Gabelli Dividend & Income Trust Stock Down 0.5%

Shares of The Gabelli Dividend & Income Trust stock opened at $29.13 on Friday. The Gabelli Dividend & Income Trust has a 52 week low of $23.81 and a 52 week high of $29.58. The stock’s fifty day moving average is $28.14 and its two-hundred day moving average is $27.91.

The Gabelli Dividend & Income Trust Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Tuesday, June 23rd. Shareholders of record on Monday, June 15th will be issued a $0.15 dividend. This represents a c) annualized dividend and a dividend yield of 6.2%. The ex-dividend date is Monday, June 15th.

About The Gabelli Dividend & Income Trust

The Gabelli Dividend & Income Trust (NYSE: GDV) is a diversified, closed-end management investment company organized in 1993 and based in Rye, New York. Managed by Gabelli Funds, LLC—a subsidiary of GAMCO Investors, Inc—the trust seeks to provide a high level of current dividend income while preserving prospects for capital appreciation. It is listed on the New York Stock Exchange and attracts investors looking for regular distributions and potential long-term total return.

The trust’s primary investment focus is on dividend-paying common stocks of U.S.