87,039 Shares in The Gabelli Dividend & Income Trust $GDV Bought by Silverlake Wealth Management LLC

Silverlake Wealth Management LLC bought a new position in The Gabelli Dividend & Income Trust (NYSE:GDV) in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 87,039 shares of the financial services provider’s stock, valued at approximately $2,559,000.

Several other large investors have also recently bought and sold shares of GDV. Focus Partners Wealth boosted its stake in shares of The Gabelli Dividend & Income Trust by 38.0% during the first quarter. Focus Partners Wealth now owns 33,834 shares of the financial services provider’s stock valued at $816,000 after purchasing an additional 9,310 shares in the last quarter. Geneos Wealth Management Inc. acquired a new position in shares of The Gabelli Dividend & Income Trust in the first quarter valued at approximately $55,000. First Trust Advisors LP increased its stake in shares of The Gabelli Dividend & Income Trust by 2.0% in the second quarter. First Trust Advisors LP now owns 107,154 shares of the financial services provider’s stock valued at $2,787,000 after buying an additional 2,136 shares during the period. Raymond James Financial Inc. raised its holdings in The Gabelli Dividend & Income Trust by 2.3% in the 2nd quarter. Raymond James Financial Inc. now owns 1,359,134 shares of the financial services provider’s stock valued at $35,351,000 after buying an additional 31,024 shares during the last quarter. Finally, Prevail Innovative Wealth Advisors LLC raised its holdings in The Gabelli Dividend & Income Trust by 24.6% in the 2nd quarter. Prevail Innovative Wealth Advisors LLC now owns 70,738 shares of the financial services provider’s stock valued at $1,840,000 after buying an additional 13,959 shares during the last quarter.

The Gabelli Dividend & Income Trust Trading Down 0.4%

NYSE:GDV opened at $30.78 on Friday. The firm’s 50 day simple moving average is $29.61 and its 200 day simple moving average is $28.91. The Gabelli Dividend & Income Trust has a one year low of $26.14 and a one year high of $31.00.

The Gabelli Dividend & Income Trust Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, December 18th. Shareholders of record on Friday, December 11th will be given a $0.15 dividend. This represents a c) annualized dividend and a yield of 5.8%. The ex-dividend date is Friday, December 11th.

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.