Sanctuary Advisors LLC Acquires 8,457 Shares of The Gabelli Dividend & Income Trust (NYSE:GDV)

Sanctuary Advisors LLC increased its holdings in shares of The Gabelli Dividend & Income Trust (NYSE:GDV) by 5.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 154,454 shares of the financial services provider’s stock after purchasing an additional 8,457 shares during the period. Sanctuary Advisors LLC’s holdings in The Gabelli Dividend & Income Trust were worth $3,863,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of GDV. Larson Financial Group LLC bought a new position in The Gabelli Dividend & Income Trust in the second quarter valued at approximately $27,000. Wetzel Investment Advisors Inc. bought a new stake in The Gabelli Dividend & Income Trust in the 2nd quarter valued at $71,000. TD Private Client Wealth LLC acquired a new position in The Gabelli Dividend & Income Trust in the 3rd quarter worth $78,000. CWM LLC boosted its stake in The Gabelli Dividend & Income Trust by 11.6% in the 3rd quarter. CWM LLC now owns 5,227 shares of the financial services provider’s stock worth $128,000 after purchasing an additional 545 shares during the period. Finally, Constitution Capital LLC bought a new position in The Gabelli Dividend & Income Trust during the 3rd quarter worth about $203,000.

Insiders Place Their Bets

In other The Gabelli Dividend & Income Trust news, insider Mario J. Gabelli acquired 2,000 shares of The Gabelli Dividend & Income Trust stock in a transaction dated Tuesday, October 15th. The stock was bought at an average cost of $24.90 per share, for a total transaction of $49,800.00. Following the purchase, the insider now directly owns 10,000 shares in the company, valued at approximately $249,000. This represents a 25.00 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders bought a total of 3,134,000 shares of company stock valued at $31,369,800 in the last quarter.

The Gabelli Dividend & Income Trust Stock Performance

Shares of The Gabelli Dividend & Income Trust stock opened at $24.83 on Tuesday. The stock’s 50-day moving average is $24.83 and its 200-day moving average is $23.86. The Gabelli Dividend & Income Trust has a one year low of $20.93 and a one year high of $25.67.

The Gabelli Dividend & Income Trust Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, March 24th. Shareholders of record on Monday, March 17th will be paid a $0.11 dividend. This represents a $1.32 annualized dividend and a yield of 5.32%. The ex-dividend date is Monday, March 17th.

About The Gabelli Dividend & Income Trust

The Gabelli Dividend & Income Trust is a closed ended equity mutual fund launched by GAMCO Investors, Inc The fund is managed by Gabelli Funds, LLC. It invests in public equity markets of the United States. The fund seeks to invest in stocks of companies operating across diversified sectors. It primarily invests in dividend paying stocks of companies.