The Gabelli Dividend & Income Trust $GDV Stock Position Raised by Kestra Advisory Services LLC

Kestra Advisory Services LLC lifted its position in The Gabelli Dividend & Income Trust (NYSE:GDV) by 72.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 114,959 shares of the financial services provider’s stock after acquiring an additional 48,132 shares during the period. Kestra Advisory Services LLC’s holdings in The Gabelli Dividend & Income Trust were worth $3,096,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of GDV. Larson Financial Group LLC acquired a new position in The Gabelli Dividend & Income Trust in the 3rd quarter valued at approximately $30,000. CIBC Private Wealth Group LLC acquired a new position in The Gabelli Dividend & Income Trust during the third quarter worth $38,000. Hilton Head Capital Partners LLC bought a new position in shares of The Gabelli Dividend & Income Trust in the 4th quarter valued at approximately $44,000. US Bancorp DE bought a new position in shares of The Gabelli Dividend & Income Trust in the third quarter valued at approximately $43,000. Finally, Geneos Wealth Management Inc. bought a new position in The Gabelli Dividend & Income Trust in the 1st quarter worth $55,000.

The Gabelli Dividend & Income Trust Stock Down 0.8%

Shares of NYSE GDV opened at $29.62 on Friday. The Gabelli Dividend & Income Trust has a 12 month low of $25.75 and a 12 month high of $30.16. The business’s 50 day moving average is $29.22 and its two-hundred day moving average is $28.65.

The Gabelli Dividend & Income Trust Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Wednesday, September 23rd. Investors of record on Wednesday, September 16th will be given a $0.15 dividend. This represents a c) annualized dividend and a yield of 6.1%. The ex-dividend date of this dividend 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.