Elevation Point Wealth Partners LLC Acquires New Stake in The Gabelli Dividend & Income Trust $GDV

Elevation Point Wealth Partners LLC bought a new stake in The Gabelli Dividend & Income Trust (NYSE:GDV) during the second quarter, HoldingsChannel.com reports. The fund bought 30,472 shares of the financial services provider’s stock, valued at approximately $896,000.

A number of other hedge funds and other institutional investors have also modified their holdings of GDV. Commerce Bank purchased a new position in shares of The Gabelli Dividend & Income Trust during the second quarter valued at approximately $267,000. Evolve Private Wealth LLC purchased a new stake in The Gabelli Dividend & Income Trust in the 2nd quarter worth approximately $2,795,000. EP Wealth Advisors LLC purchased a new stake in The Gabelli Dividend & Income Trust in the 2nd quarter worth approximately $442,000. Allworth Financial LP acquired a new position in The Gabelli Dividend & Income Trust in the 2nd quarter valued at $476,000. Finally, Kilter Group LLC acquired a new position in The Gabelli Dividend & Income Trust in the 2nd quarter valued at $47,000.

The Gabelli Dividend & Income Trust Price Performance

Shares of The Gabelli Dividend & Income Trust stock opened at $30.41 on Tuesday. The Gabelli Dividend & Income Trust has a fifty-two week low of $26.14 and a fifty-two week high of $31.00. The business’s fifty day moving average is $29.80 and its two-hundred day moving average is $28.99.

The Gabelli Dividend & Income Trust Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Friday, December 18th. Investors of record on Friday, December 11th will be given a $0.15 dividend. The ex-dividend date of this dividend is Friday, December 11th. This represents a c) annualized dividend and a dividend yield of 5.9%.

The Gabelli Dividend & Income Trust Profile

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.