Evolve Private Wealth LLC Makes New Investment in The Gabelli Dividend & Income Trust $GDV

Evolve Private Wealth LLC bought a new stake in The Gabelli Dividend & Income Trust (NYSE:GDV) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 107,225 shares of the financial services provider’s stock, valued at approximately $2,978,000.

Several other large investors have also modified their holdings of GDV. Community Bank N.A. bought a new stake in The Gabelli Dividend & Income Trust in the third quarter valued at about $27,000. Larson Financial Group LLC bought a new position in The Gabelli Dividend & Income Trust during the 3rd quarter worth approximately $30,000. CIBC Private Wealth Group LLC acquired a new position in shares of The Gabelli Dividend & Income Trust in the 3rd quarter worth approximately $38,000. Hilton Head Capital Partners LLC acquired a new position in shares of The Gabelli Dividend & Income Trust in the 4th quarter worth approximately $44,000. Finally, US Bancorp DE bought a new stake in shares of The Gabelli Dividend & Income Trust in the 3rd quarter valued at approximately $43,000.

The Gabelli Dividend & Income Trust Price Performance

GDV stock opened at $28.95 on Thursday. The Gabelli Dividend & Income Trust has a 12-month low of $24.57 and a 12-month high of $29.58. The stock’s 50 day simple moving average is $29.01 and its 200 day simple moving average is $28.34.

The Gabelli Dividend & Income Trust Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Wednesday, September 23rd. Shareholders of record on Wednesday, September 16th will be paid a $0.15 dividend. This represents a c) dividend on an annualized basis and a yield of 6.2%. The ex-dividend date is Wednesday, September 16th.

The Gabelli Dividend & Income Trust Company 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.